| Ticker: DXO | Larrea 847, 2nd Floor, Office 206 | |
| Exchange: New York Stock Exchange | Buenos Aires, Foreign 1117 | |
| Industry: Retail | 5419648000 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 3/4/96 | |
| U.S. Shares: | 4,400,000 | Offer Date: | 4/2/96 | |
| Non-U.S. Shares: | 1,300,000 | Filing Range: | $14.50 - $16.50 | |
| Primary Shares: | 4,200,000 | Offer Price: | $15.75 | |
| Secondary Shares: | 1,500,000 | Gross Spread: | $0.79 | |
| Offering Amount: | $88,350,000 | Selling: | $0.42 | |
| Expenses: | $2,300,000 | Reallowance: | $0.10 | |
| Shares Out After: | 16,443,856 | |||
| Spin out parent firm: | Velox Investment Company | |||
| Manager | Tier | Phone |
| PaineWebber Incorporated | Lead Manager | (212) 713-2626 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-9922 |
| UBS Securities Inc. | Co-manager | (212) 230-4000 |
| Auditor: Pistrelli, Diaz y Asociados | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $804.60 | Assets: | $239.40 | ||
| Net Income: | $8.70 | Liabilities: | $200.90 | ||
| EPS: | $0.79 | Equity: | $38.50 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading food retailer in Argentina. The company's supermarkets offer customers a broad selection of quality products at a competitive prices in a pleasant shopping environment that emphasizes customer service. The company has a strategically located store base, principally in urban neighborhoods. The company's supermarkets average approximately 1,100 square meters of selling area, although recently opened and planned new stores range from 1,500 to 2,500 square meters. At December 31, 1995, the total selling space of the company's 52 supermarkets was 58,183 square meters. For the year ended December 31, 1995, the company had total net sales of Ps.804.6 million, operating income of Ps.27.4 million and net income of Ps.12.8 million, as compared to Ps.791.8 million, Ps.23.2 million and Ps.10.1 million, respectively, for the year ended December 31, 1994. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the company's capital investment plan and to repay debt. |
©1996 IPO Data Systems, Inc. - All rights reserved.