Neo Performance Materials Announces Completion of $81.5 Million Bought Deal Secondary Offering of Common Shares

Neo Performance Materials is pleased to announce that it has completed the previously announced secondary offering of common shares, in which funds managed by Oaktree Capital Management, L.P. sold an aggregate of 5,175,000 Common Shares under the Offering at a price of $15.75 per share for total gross proceeds to the Selling Shareholders of approximately $81.5 million, including the full exercise of the over-allotment option.

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German Federal Patent Court Decision Revoking a Solvay Patent on Vehicle Emissions Catalyst Material Marks another Major Win for Neo Performance Materials and its Customers

Neo Chemicals & Oxides Ltd. won a major court decision in Germany last week as the Federal Patent Court in Munich revoked the German designation of a key patent (EP 1435338) that had been claimed by Solvay Special Chem Japan Ltd., an affiliate of Brussels-based Solvay SA, on a cerium oxide-based product used to reduce nitrogen oxide emissions in diesel vehicle engines.

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Neo Completes Initial Public Offering

Neo Performance Materials successfully closes its previously announced IPO initial by way of secondary offering of common shares by the Company’s majority shareholder, OCM Neo Holdings (Cayman), L.P., which sold 11,115,000 Common Shares at a price of $18.00 per share for total gross proceeds to the Selling Shareholder of $200,070,000.

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