Subject to acceleration or extension, the timetable below lists the expected key dates for the Offer: Investing in the Ordinary Shares involves certain risks. Accordingly, the Underwriters disclaim, to the fullest extent permitted by applicable law, all and any liability, whether arising in tort or contract or that they might otherwise be found to have in respect of this announcement and/or any such statement. The Company is expected to be converted into a public company with limited liability (naamloze vennootschap) and to be renamed to JDE Peet's N.V. immediately prior to settlement. The Group’s trading has thus far been relatively resilient during the COVID-19 pandemic at a time of global economic turmoil. 6 Based on assumptions described in the Prospectus. Uit het dinsdag gepubliceerd prospectus bleek ook dat particuliere beleggers toch niet konden meedoen met de IPO van JDE Peet’s. The Group’s primary focus has been to protect the health and safety of its employees, maintain business continuity and provide support to communities. JDE Peet’s will be anchored by iconic brands such as Peet’s Coffee, the founder of specialty coffee and leading super premium brand in the United States, as well as several leading global brands, including L’OR, Jacobs Coffee, Douwe Egberts, Senseo, Tassimo, Moccona, Kenco, Pickwick and Pilão. Address. Adjusted EBITDA: the Group defines Adjusted EBITDA as operating profit before depreciation and amortisation, adjusted for the same factors as listed under Adjusted EBIT. Despite the continued impact of COVID-19, the Group’s current trading performance benefits from the fact that the CPG sales channel in developed markets represents the majority of its business and has continued to register strong growth year to date. Assuming full exercise of the Over-Allotment Option following the closing of the Offer, the Offer Shares will represent a maximum of approximately 17% of the total issued share capital of the Company. Prospectus in respect of the Offering of ordinary shares and admission to listing and trading of all ordinary shares on Euronext Amsterdam Below you will find information from the register approved prospectuses. CHICAGO, Ill., May 29, 2020 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today announced its participation in JDE Peet’s admission to listing and trading of its ordinary shares on Euronext Amsterdam (Euronext Amsterdam: JDEP) and confirmed that it will be selling a portion of its stake in the coffee and tea company as part of the secondary component of JDE Peet’s offering. JDE Peet’s raised 700 million euros through the sale of new shares in the IPO, which it plans to use to pay down debt. The Admission also aims to permit the Group to incentivise existing and future management team and senior staff, and to continue to attract high caliber individuals to join its management team in the future, by way of awards of listed Ordinary Shares, aligning their interests with the interests of shareholders. The financial targets should not be regarded as a representation by the Company or any other person that it will achieve these targets in any time period. Quantum Partners LP and Palindrome Master Fund LP (funds managed by Soros Fund Management LLC); various funds and accounts under the management of Fidelity Management and Research (“FMR”); and JAB Holdings B.V. (“JAB Holdings”) (together, the “Cornerstone Investors”) have, subject to customary conditions, irrevocably agreed to purchase Offer Shares in the aggregate amount of €761 million at the final Offer price on the settlement date as part of the Offer. JDE Peet’s IPO. With our leading positions in many important markets, supported by all the great people in our organization, we are well-positioned to continue achieving strong long-term growth”. Through medium- to long-term incentives, the interests of the global leadership team are aligned with that of the Group and its shareholders. Free cash flow conversion %: The Group defines free cash flow conversion % as free cash flow divided by Adjusted EBITDA. In FY 2019, the Group generated total revenue of €6.9 billion, of which 79% was derived from 44 markets where it held a number one or number two market position in consumer packaged goods (“CPG”) or Out-of-Home. Each distributor is responsible for undertaking its own target market assessment in respect of the Shares and determining appropriate distribution channels. Het aandeel van JDE Peet's wordt vanaf vrijdag 29 mei 2020 op de Amsterdamse beurs verhandeld. Allocation of any such additional Ordinary Shares shall be determined by the Company and the Selling Shareholders, after consultation with the Joint Global Coordinators. For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the Offer and the Shares to be offered so as to enable the investor to decide to purchase or subscribe for the Shares and the expression "Prospectus Regulation" means Regulation (EU) 2017/1129 and includes any relevant delegated regulations. In JAB, the Group has a proven, long-term oriented shareholder with strategic vision. With rich, complex, superior quality roasts unlike anything Americans ever tasted before, Peet’s influenced generations of coffee entrepreneurs and connoisseurs. The Group has delivered strong growth and profitability, acting as a consolidator in the coffee and tea categories since 2013, through a combination of strategic mergers and acquisitions (“M&A”) and organic growth. Shares in coffee maker JDE Peet's surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Shares. Listing of and first trading in the Ordinary Shares on an “as-if-and-when-issued/delivered” basis on Euronext Amsterdam under the symbol “JDEP” are expected to commence on or around Wednesday, 3 June 2020. The Cornerstone Investors may also subscribe for or purchase additional Ordinary Shares in the Offer. The Company has no intention to register any part of the Offer in the United States or make a public offering of securities in the United States. News of the offering brought high investor demand. Dat blijkt uit het officiële prospectus dat op 26 mei is verschenen en waarin alle details over de IPO worden toegelicht. Shares in coffee maker JDE Peet's surged 15% in their stock market debut in Amsterdam today as investors jumped on the only big European IPO launched during the coronavirus crisis. De realtime koers van JDE PEET'S (Aandeel, AEX) met nieuwsberichten, columns, agenda, forum, technische analyse, fundamentele analyse, opties, turbo's, speeders, sprinters en adviezen Free cash flow: the Group defines free cash flow as net cash provided by operating activities less capital expenditure. Any offerings of shares will only be made after an IPO prospectus has been published that has been approved by the competent regulator. Combined with the Group’s global manufacturing and supply network, its large portfolio of trusted brands and its strong and diversified go-to-market approach, the Group has been able to weather past crises and believes it is well-positioned to withstand the current environment. The Over-Allotment Option consists of up to 3,499,999 additional Ordinary Shares provided by the Company, up to 3,875,000 additional Ordinary Shares provided by Acorn Holdings and up to 3,875,000 additional Ordinary Shares provided by Mondelez Coffee HoldCo (together, the “Over-Allotment Shares”). The Offer will take place from 9:00 CET on Tuesday, 26 May 2020, until 14:00 CET on Tuesday, 2 June 2020, subject to acceleration or extension of the timetable for the Offer. JDE Peet’s offering has raised hopes that the European IPO market, expected to be shut for the better part of the year amid the pandemic, could reopen earlier than initially expected. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. This announcement is not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, in or into the United States, Canada, Australia, South Africa or Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. jde-and-peets-coffee-to-combine-and-explore-ipo. None of the Underwriters or any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents, alliance partners or any other entity or person accepts any responsibility or liability whatsoever for, or makes any representation, warranty or undertaking, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from this announcement) or any other information relating to the group, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. As part of preparing for the IPO, Peet’s Coffee Chief Executive Officer Casey Keller will become CEO of JDE Peet’s, effective January 2020. JDE Peet's N.V. We think that the attractive category growth prospects, proven resiliency of JDE Peet’s products, business focus, and commitment of the global team can help provide clear visibility for investors” said Olivier Goudet, Chief Executive Officer and Managing Partner of JAB, and Chair-designate of JDE Peet’s board of directors. This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction. Deze is door de organisatie verstrekt. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ''believes'', ''estimates'', ''plans'', "targets", ''projects'', ''anticipates'', ''expects'', ''intends'', ''may'', ''will'' or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. A merger between coffee giants Jacobs Douwe Egberts and Peet’s Coffee led to a €15.6 billion IPO for a newly-formed company – JDE Peet’s – in May 2020. Adjusted net debt: the Group defines Adjusted net debt as total borrowings less cash and cash equivalents, excluding cash not at the free disposal of the Group, and borrowings from related parties. 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The Company's ability to achieve these financial targets is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company, and upon assumptions with respect to future business decisions that are subject to change. The Prospectus as approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, the “AFM”) is available on the corporate website of the Company (. Listing of and first trading on an “as-if-and-when-issued/delivered” basis in the Ordinary Shares on Euronext Amsterdam are expected to commence on Wednesday, 3 June 2020. JAB is a leading investor in consumer goods and services overseeing more than US$100 billion of assets under management, focused on long-term value creation through the building of global champions and challengers. Orders below 31.50 euros risk missing out on the deal, according to deal terms seen by Bloomberg. JDE and Peet’s Coffee to combine and explore IPO JDE PEET’S WILL BE A GLOBAL PURE PLAY COFFEE & TEA POWERHOUSE WITH HIGH GROWTH PORTFOLIO OF ICONIC BRANDS Amsterdam, The Netherlands, 17 December 2019 -- Jacobs Douwe Egberts (JDE) today announced it will combine with Peet’s Coffee and explore an IPO, creating a global leader in pure play FMCG coffee with leading … The press release is available on the corporate website of the Company (www.jdepeets.com). Amsterdam, The Netherlands, 17 December 2019 -- Jacobs Douwe Egberts (JDE) today announced it will combine with Peet’s Coffee and explore an IPO, creating a global leader in pure play FMCG coffee with leading positions in more than 20 major markets. Assuming a 70% free cash flow conversion rate (according to IPO prospectus), JDE Peet’s has a Free Cash Flow Yield of 6.15%. Revenue organic (at constant commodity prices): the Group defines revenue organic (at constant commodity prices) as like-for-like sales adjusted for the price impact of inflation and/or deflation of green coffee and tea commodity prices. The final Offer price, the exact number of Offer Shares to be sold and allocation are expected to be announced on Wednesday, 3 June 2020 (subject to acceleration or extension of the timetable for the Offer). Assuming a 70% free cash flow conversion rate (according to IPO prospectus), JDE Peet’s has a Free Cash Flow Yield of 6.15%. JDE Peet's N.V. JDE Peet’s will be present in more than 140 countries and have revenues of approximately €7 billion, benefiting from the high growth of the coffee category in both developing and developed markets. This announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy the Shares in any jurisdiction, including the United States, Canada, Australia, South Africa or Japan. The Company intends to use the expected net proceeds of the issue of the New Offer Shares to repay part of its outstanding debt in order to further strengthen its balance sheet (leverage ratio estimated to be around 3.6x on the settlement date). Any decision to purchase Offer Shares in the Offer should be made solely on the basis of the Prospectus. Casey Keller commented, “JDE Peet’s is an exceptional business with some of the most beloved coffee brands in the world, and I am excited to lead the company in its next phase of growth. For more information, please visit the company's website at: This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction. Forward-looking statements may and often do differ materially from actual results. JDE Peet’s (the Company) does not intend to conduct a public offering of any securities in the United States and the securities have not and will not be registered under the United States Securities Act of 1933, as amended (the Securities Act) and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Acorn Holdings and Mondelez Coffee HoldCo have agreed that if Mondelez Coffee HoldCo elects to sell less than its maximum number of Existing Offer Shares, Acorn Holdings shall be permitted to additionally sell the difference, provided that the Existing Offer Shares (excluding any Over-Allotment Shares) to be sold in the Offer will not, without increasing the size of the Offer, raise gross proceeds of more than €1.55 billion. The Company is targeting a leverage ratio below 3.0x by the end of H1 2021. Hiermee ontstond JDE Peet’s, goed voor zo'n 10% van de wereldwijde koffieverkopen. Start of Offer period on Tuesday, 26 May 2020 at 9:00 CET, End of Offer period on Tuesday, 2 June 2020 at 14:00 CET, Publication of results of the Offer and expected allocation on Wednesday, 3 June 2020, First trading date (trading on an “as-if-and-when-issued/delivered” basis) on Euronext Amsterdam on Wednesday, 3 June 2020, Settlement date (payment and delivery) on Friday, 5 June 2020. In addition, the Offer will include an over-allotment option of up to an additional 15% of the Offer Shares (the “Over-Allotment Option”). This announcement is not for publication or distribution, directly or indirectly, in or into the United States. The Offer Shares will represent a maximum of approximately 15% of the issued share capital of the Company excluding exercise of the Over-Allotment Option. De uitgifteprijs bij de IPO onder institutionele beleggers is uitgekomen op 31,50 euro, waarmee de marktkapitalisatie uitkomt op 15,6 miljard euro. Certain post-closing lock-ups have been agreed, which for the Company, the Selling Shareholders and JAB Holdings are for a period ending 180 days after the settlement date and for each member of the Company’s board of directors and each member of the senior management team for a period ending 360 days after the settlement date. Assuming a 70% free cash flow conversion rate (according to IPO prospectus), JDE Peet’s has a Free Cash Flow Yield of 6.15%. The Offer provides the Selling Shareholders with an opportunity to partially realise their investment in the Company. Today, Peet’s is uncompromisingly dedicated to its founding tenets and asserts a strict standard of freshness, ensuring optimum flavor with a team that personally vets the beans and ready-to-drink (RTD) coffee available at 15,000 grocery and convenience stores nationwide. The Company has not authorised any offer to the public of Shares in any Member State of the European Economic Area or the United Kingdom. (“JAB”) and other co-investors) and by Mondelez Coffee HoldCo B.V. (“Mondelez Coffee HoldCo”, a subsidiary of Mondelēz International, Inc. (“Mondelēz International”)) (together, the “Selling Shareholders”). JDE Peet's raised 700 million euros through the sale of new shares in the IPO, which it plans to use to pay down debt. Initial Public offering Company profile. The Underwriters are acting exclusively for the Company and/or the Selling Shareholders and no one else in connection with any offering of Shares. A description of these risks, which include risks relating to the Company’s business and industry and risks relating to the Offer and the Ordinary Shares, is included in the Prospectus. For more than 265 years, we have been inspired by the belief that it’s amazing what can happen over a cup of coffee or tea. 4 The Company has established the financial targets set out above to measure its operational and managerial performance on a Group-wide level. There will be no public offering in any jurisdiction. These lock-ups are subject to certain customary carve-outs and possible waiver by the Joint Global Coordinators (as defined below). We are proud of what we have accomplished at JDE and Peet’s but believe with our IPO the best years of growth and shareholder value creation are ahead of us with our newly combined company. The information has been provided by the organisation. No action has been taken by the Company or the Selling Shareholders that would permit an offer of Shares or the possession or distribution of this announcement or any other offering or publicity material relating to such Shares in any jurisdiction where action for that purpose is required. Olivier Goudet, Chairman of JDE and Chairman of Peet’s Coffee, said. 2 After the repayment of part of its outstanding debt with such net proceeds. The exploration of an IPO is a key milestone in the partnership between Acorn Holdings B.V. (which includes controlling shareholder JAB and BDT Capital) and Mondelez International. This announcement may include statements, including the Company’s financial and operational medium- to long-term term objectives that are, or may be deemed to be, ''forward-looking statements''. This announcement is not an offer of securities for sale into the United States. Discover how you could profit from the share price and learn more the listing. The coffee and tea categories have benefited in the past from attractive growth fundamentals and have proven to be resilient in times of economic downturn. For more information, please visit the company's website at: http://www.jabholco.com. At the date of the Prospectus, the Company is still a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) named JDE Peet's B.V.. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, absent registration or an applicable exemption from registration. Assuming a final offer price at the bottom of the Offer Price Range and the maximum number of Offer Shares, the Cornerstone Investments comprise an aggregate of: (i) 25,366,666 Ordinary Shares; and (ii) approximately 5% of the total issued share capital of the Company immediately following settlement, whether or not the Over-Allotment Option is exercised in full. I want to thank Frederic for his stewardship in driving JDE’s growth and development.”. JDE PEET’S ANNOUNCES THE INDICATIVE PRICE RANGE, PUBLICATION OF THE PROSPECTUS AND START OF THE OFFER PERIOD OF PLANNED IPO Amsterdam, the Netherlands, 26 May 2020 – JDE Peet's B.V. (the “Company”, and together with its consolidated subsidiaries, the “Group”), the world's largest pure-play coffee and tea group by revenue, Quantum Partners LP and Palindrome Master Fund LP (funds managed by Soros Fund Management LLC); various funds and accounts under the management of FMR; and JAB Holdings have, subject to customary conditions, irrevocably agreed to purchase Offer Shares in the aggregate amount of €761 million at the final Offer price on the settlement date as part of the Offer (the “Cornerstone Investments”). Notwithstanding the Target Market Assessment, "distributors" (for the purposes of the MiFID II Product Governance Requirements) should note that: the price of the Shares may decline and investors could lose all or part of their investment; the Shares offer no guaranteed income and no capital protection; and an investment in the Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. Each of the Company, the Selling Shareholders, the Underwriters and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. Fri 29/05/2020. Thanks to the amazing work of our global teams, even during these unprecedented times, we look forward to the next phase of JDE Peet’s growth as a global leader in coffee and tea”. Banca IMI S.p.A (Intesa Sanpaolo Group), Bayerische Landesbank, COMMERZBANK Aktiengesellschaft, Coöperatieve Rabobank U.A., Landesbank Baden-Württemberg, Skandinaviska Enskilda Banken AB (publ) Frankfurt Branch, SMBC Nikko Capital Markets Europe GmbH and TD Securities Inc., are acting as co-lead managers for the Offer (the “Co-Lead Managers” and, together with the Joint Bookrunners, the “Underwriters”). Through its more than 50 leading global, regional and local coffee and tea brands, the Group offers an extensive range of high-quality and innovative coffee and tea products and solutions to serve consumer needs across markets, consumer preferences and price points. This electronic disclaimer applies to the prospectus dated 26 May 2020 (the Prospectus) issued by JDE Peet's B.V. (to be renamed JDE Peet's N.V. immediately prior to settlement) (the Company). In addition, the Group generated free cash flow of €0.7 billion in FY 2017, €1.0 billion in FY 2018 and €1.2 billion in FY 2019 enabling it to de-lever its balance sheet while funding its M&A strategy. Casey Keller, Chief Executive Officer of JDE Peet’s, said, “Today’s announcement is another important step in our journey towards an Initial Public Offering for JDE Peet’s on Euronext Amsterdam. Its ongoing commitment to innovation has enabled the Group to become over-indexed in the fastest growing parts of the coffee and tea categories, including single-serve and whole-beans, and grow its global market share. The Company expects the Offer and the Admission to create a new long-term shareholder base as well as liquidity for the existing and future shareholders. Voor zo ' n 10 % van de wereldwijde koffieverkopen 2017 and 18.1 % FY... 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