Global Placement and Open-Price Offer
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–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.
Admission on the market Eurolist by Euronext of the 3,320,000 ordinary shares that comprise the equity of CAPELLI. The admitted shares on Eurolist will represent the total ordinary equity of the company and are participating from 1st January 2005. Since the admission, the shares will be either in bearer form, or in registered form.
These ordinary shares represent 100% of the total equity and voting rights of the company.
For the listing, 390,708 shares will be offered to the public as part of a global placement and an open-price offer (OPO). The shares will be obtained from the selling of shares by some CAPELLI shareholders.
The listing of CAPELLI shares on Eurolist will take place on 27 October 2005. The shares of the company being traded on the Marché Libre and 13.32% of the capital being already disseminated in the public, there will be a supplementary dissemination of shares.
According to the importance of the demand, the board of the company, the selling shareholders and CM-CIC Securities in charge of the placement, could decide to increase the number of shares initially offered in the placement up to 58,600 existing additional shares (around 15% of the number of shares initially proposed in this operation). This decision should be made between the 27 October 2005 and the 25 November 2005.
- Suspension of trading on the Marché 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