ISIN code
Exchange / Market
Euronext Access
Trading location
Website address
Issuer website


IPO date
Tue 28/10/2008
IPO type

Global Placement and Open Price Offer

IPO price
39 euros
IPO type
Initial Public offering
Operation procedure

Global Placement procedure - Number of shares: 226,103 shares representing 90% of the Offer (before extension option exercise) - Book runner: NATIXIS Open Price Offer procedure - Subscription open for Retail investors, legal entities and certain UCITS. - Number of shares: 25,123 shares representing 10% of the Offer (before extension option exercise) Depending on the demand, the number of shares offered within the OPO may be increased to a maximum of 30% of the shares offered in the public offer, by deduction of the number of shares offered in the Global Placement.

Operation description

Admission on Alternext:
- 1,444,547 existing shares representing the outstanding capital of AEROWATT, and,
- a maximum of 251,226 new shares by way of public offering, with a priority period for the shareholders from October 21st, 2008 till October 24th, 2008,
- a maximum of 81,019 additional new shares in case the extension option and green shoe option are exercised in full,
- a maximum of 8,244 additionnal new shares from a capital increase reserved to the employees (the employee offering is opened until 04/11/2008; the result of this offering will be published through a separate notice.)

A maximum of 251,226 new shares, before exercise of the extension clause, will be offered to public by the way of a Global Placement and an Open Price Offer (OPO).

Company's shares are listed on the Marché Libre. Since 20 October 2008, trading on shares are suspended as indicated on notice PAR_20081020_03732_MLI.

Extension option: Depending on the demand, the number of shares offered could be raised by a maximum of 37,683 shares.

Green shoe option: In order to cover any allocation, the company will grant NATIXIS, Global Coordinator and sole Bookrunner, a green shoe option that will raise the number of shares by a maximum of 43,336 extra new shares.

Operation calendar

- Period of the Placement: from October 21, 2008 to October 27, 2008 (17:00) - Period of the Offer: from October 21, 2008 to October 27, 2008 (17:00) - Delisting of AEROWATT shares from the Marché Libre: October 27, 2008 in the evening - First quotation: October 28, 2008 - Beginning of trading: October 31, 2008

Price range
39 euros - 41 euros