ARGAN
Identification
Operation
Global Placement and Open Price Offer
Characteristics of the Global Placement - The Global Placement is directed mainly to institutional investors - Number of shares: 3,429,000 shares representing 90% of the Offer (before exercise of the over-allotment option) - Bookrunner: Invest Securities Characteristics of the Open Price Offer - Number of shares: 381,000 shares representing 10% of the Offer (before exercise of the over-allotment option) If demand in the OPO allows it, the final number of shares allocated will at least be equal to 10% of the total number of shares offered (before over-allotment option).
Admission on Eurolist by Euronext:
- 7,500,000 existing shares comprising the equity of ARGAN,
- 2,000,000 new shares obtained from a capital increase, effected as part of the introduction in the stock exchange.
3,810,000 shares will be offered to the public by the way of a Global Placement and an Open-Price Offer - OPO (before over-allotment option), including 2,000,000 new shares, and 1,810,000 existing shares.
Over-allotment Option: The shareholders will agree to grant Invest Securities an over-allotment option to sell up to 190,500 additional existing shares at the offering price.
- Périod of the Placement: from June 4, 2007 to June 18, 2007 (17:00) - Period of the Offer: from June 4, 2007 to June 18, 2007 (17:00) - First quotation: June 19, 2007 - Beginning of trading: June 25, 2007