CLASQUIN
Identification
CIC VIZILLE CAPITAL FINANCE
Operation
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 January 31st, 2006 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: a maximum of 423,372 shares (90% of the Offer before the extension Clause) - Underwriter: ODDO & Compagnie The Open Price Offer - Number of shares in the OPO: a minimum of 10% of the Offer (before the extension clause exercise) i.e 47,042 shares. Depending on the demand, the breakdown between the Placement and the OPO may be adapted as stated below: - 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). - 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. If the float does not amount 2.5 million €, the Offer will be cancelled and the orders will be void.
Admission on Alternext the 1,900,000 existing shares that comprise the equity of CLASQUIN at the day of the admission and a maximum of 298,000 new shares that will be issued in the admission framework and 32,000 new shares to be issued within a capital increase reserved to employees and that will be admitted later on.
The admitted shares will represent the total equity and voting rights in the Company. Since the admission, the shares will be either in bearer form, or in registered form at the choice of the shareholder.
470,414 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 172,414 existing shares that will be sold in the Offer framework (and a maximum of 25,862 additional existing shares that could be sold regarding the Extension Clause) and from the issue of a maximum of 298,000 new shares as part of a capital increase permitted by the extraordinary general meeting on November 18th, 2005 and to be realised with the listing and decided by the board of directors on January 11th, 2006.
Extension clause: According to the importance of the demand, the number of shares sold could be increased of 25,862 existing additional shares (around 5.5 % of the number of shares initially proposed in this operation).
- Period of the Placement: from January 19th, 2006 to January 31st, 2006 (12:00) - Period of the Offer: from January 19th, 2006 to January 30th, 2006 inclusive - First quotation: January 31st, 2006 - Beginning of trading: February 1st, 2006