Origin to announce initial public offering

Origin Enterprises plc will today announce the pricing of its initial public offering of ordinary shares.

The initial public offering has been priced at €3.00 per share

A total of 33.3 million newly issued Shares were allocated in the initial public offering, representing approximately 25% of Origin's enlarged issued share capital, implying a post money market capitalisation of Origin of approximately €400m. The total offer size is €100m.

Origin will receive all of the net proceeds of the Initial Public Offering, which it intends to use primarily to support the ongoing expansion of its business

Application has been made for the entire issued share capital of Origin to be admitted to the IEX market of the Irish Stock Exchange and the AIM market of the London Stock Exchange. Admission of the Ordinary Shares on IEX under the symbol 'OIZ', and AIM under the symbol ‘OGN‘ is expected to take place at 08:00 on June 5.