ISIN code
Exchange / Market
Trading location
Products family
Real Estate Holding&Development
IPO date
IPO type

Global Placement and Open-Price Offer</p>

IPO price
30 euros
IPO type
Initial Public offering
Operation procedure

Conditions applying to both global placement and Open Price Offer The first share price will be set at the end of the OPO and will take account of the demand expressed in the global placement. The prices of the global placement and the OPO are the same. The definitive price will be set on October 27, 2005 after centralisation of the OPO and should be published by Euronext Paris in a notice that same day. The final share price may be set outside the mentioned range. The Placement Before first listing, a proportion of the shares will be included in a public placement in France and an international private placement in some countries excluding the United States of America. - Number of shares in the Placement: 351,637 shares (90% of the initial offer). In order to increase the placement, the number of shares offered within the Open-Price Offer may be reduced (if the OPO would not be fully subscribed). - Underwriters: CM&ndash;CIC Securities The Open Price Offer - Number of shares in the OPO: if demand in the OPO allows it, the definitive number of shares allocated in the OPO is at least equal to 10% of the initial number of shares offered (i.e. 39,078 shares). In order to increase the Open-Price Offer, the number of shares offered within the placement may be reduced. However that number of shares offered in the Open-Price Offer will not exceed 20% of the total number of shares disseminated to the public.</p>

Operation description
Operation calendar

- Suspension of trading on the March&eacute; Libre: as of the 17 October 2005 - Period of the Placement: from 17 October 2005 to 27 October 2005 (12:00) - Period of the Open Price Offer: from 17 October 2005 to 26 October 2005 inclusive (17:00) - First quotation: 27 October 2005 - Beginning of trading: 28 October 2005</p>

Price range
29 euros – 33 euros
Broker to issue