Volkswagen AG - Volkswagen determines price range and offer structure for IPO of TRATON

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• TRATON shares to be offered within price range of EUR 27 to EUR 33 per share
• Base offer will consist of 50,000,000 existing shares from the holdings of Volkswagen AG
• Possible over-allotment of up to 7,500,000 existing shares; over-allotment shares not exceeding 15 percent of Base shares, subject to exercise of the Greenshoe option
• Free float of from 10.00 percent to 11.50 percent
• Offer period to commence after publication of prospectus and expected to end on June 27,2019
• First day of trading planned for June 28, 2019
• Offering subject to approval of prospectus by German Federal Financial Supervisory Authority (BaFin) and publication of such prospectus

Full press release. https://www.volkswagenag.com/en/news/2019/06/Volkswagen_determines_price_range.html#