GLBM Global SP Regs

 

TIDMGLBM 
 
RNS Number : 9026V 
Globe Specialty Metals, Inc 
17 July 2009 
 

Gobe Speciality Metals, Inc. 
 
 
Commencement of U.S. Initial Public Offering of Common Stock 
 
 
 
 
New York, New York - July 17, 2009 - Globe Specialty Metals, Inc. (the 
"Company") announced the launch of its initial public offering in the United 
States of 14,000,000 shares of its common stock. Of the shares being offered, 
5,600,000 are being offered by the Company and 8,400,000 are being offered by 
selling stockholders. The initial public offering price is expected to be 
between $7.00 and $9.00 per share of common stock. The shares have been approved 
for listing on The NASDAQ Global Select Market under the ticker symbol "GSM." 
The underwriters have the option to purchase from certain selling stockholders 
up to an additional 2,100,000 shares of common stock, on the same terms and 
conditions, to cover over-allotments, if any. 
 
 
The Company intends to use the net proceeds from the offering received by it for 
general corporate purposes, including, without limitation, to invest in new 
business, products and technologies, both through acquisitions and capital 
programs, to expand its core silicon metal, silicon-based alloy and UMG 
businesses, and to fund its ongoing operating and working capital requirements. 
The Company will not receive any of the proceeds from the offering of the common 
stock by the selling stockholders. 
 
 
Credit Suisse Securities (USA) LLC, Jefferies & Company, Inc. and J.P. Morgan 
Securities Inc. will act as book-running managers of the offering. 
 
 
A registration statement relating to these securities has been filed with the 
U.S. Securities and Exchange Commission but has not yet become effective. These 
securities may not be sold nor may offers to buy be accepted prior to the time 
that the registration statement becomes effective. This press release does not 
constitute an offer to sell or a solicitation of an offer to buy the securities 
described above, nor shall there be any sale of such shares of common stock in 
any state or jurisdiction in which such offer, solicitation, or sale would be 
unlawful prior to registration or qualification under the securities laws of any 
such state or jurisdiction. The offering of these securities will be made only 
by means of a prospectus, copies of which may be obtained from Credit Suisse, 
Prospectus Department, One Madison Avenue, New York, NY, 10010 or by calling 
(800) 221-1037, from Jefferies & Company, 520 Madison Avenue, 16th Floor, New 
York, NY, 10022 or by calling (212) 284-2342, or from J.P. Morgan, National 
Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, 
Brooklyn, New York, 11245 or by calling (718) 242-9002. 
 
 
About the Company 
Globe Specialty Metals, Inc. is among the world's largest producers of silicon 
metal and silicon based specialty alloys, critical ingredients in a host of 
industrial and consumer products. Customers include major silicone chemical, 
aluminum and steel manufacturers, auto companies and their suppliers, ductile 
iron foundries, manufacturers of photovoltaic solar cells and computer chips, 
and concrete producers. The Company is headquartered in New York City. 
 
 
This press release contains forward-looking statements. You should not place 
undue reliance on those statements because they are subject to numerous 
uncertainties and factors relating to our operations and business environment, 
all of which are difficult to predict and many of which are beyond our control. 
Forward-looking statements include information concerning our possible or 
assumed future results of operations, including descriptions of our business 
strategy. These statements often include words such as "may," "will," "should," 
"believe," "expect," "anticipate," "intend," "plan," "estimate" or similar 
expressions. These statements are based on assumptions that we have made in 
light of our experience in the industry as well as our perceptions of historical 
trends, current conditions, expected future developments and other factors we 
believe are appropriate under the circumstances. Although we believe that these 
forward-looking statements are based on reasonable assumptions, you should be 
aware that many factors could affect our actual financial results or results of 
operations and could cause actual results to differ materially from those in the 
forward-looking statements. These factors are discussed in the "Risk Factors" 
and "Management's Discussion and Analysis of Financial Condition and Results of 
Operations" sections and elsewhere in the Company's  registration statement. 
 
 
You should keep in mind that any forward-looking statement made by us herein, or 
elsewhere, speaks only as of the date on which we make it. New risks and 
uncertainties come up from time to time, and it is impossible for us to predict 
these events or how they may affect us. We have no obligation to update any 
forward-looking statements after the date hereof, except as required by federal 
securities laws. 
 
 
Important Notice 
Collins Stewart Europe Limited, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting as nominated adviser to 
Globe Specialty Metals, Inc. and will not be responsible to anyone other than 
the Company for providing the protections afforded to clients of Collins Stewart 
Europe Limited nor for providing advice in connection any other matter referred 
to herein. 
 
 
Contact: 
Malcolm Appelbaum 
Chief Financial Officer 
(212) 798-8123 
mappelbaum@glbsm.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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