Avenir Finance Corporate
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 10 April 2006 after centralisation of the OPO and should be published by Euronext Paris SA in a notice that same day. The final share price may be set outside the mentioned range. The Global 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. - Underwriter: Portzamparc Société de bourse. - Number of shares within the Global Placement: a maximum of 532,090 shares (80% of the Offer before the extension option). Depending on the demand, the breakdown between the Global Placement and the OPO may be adapted as stated below. The Open Price Offer - Number of shares within the OPO: a minimum of 133,023 shares (20% of the Offer before the extension option). If the demand permits it, the number of shares offered within the OPO will be equal to 20% minimum of the Offer.
Admission on Alternext the 2,424,680 existing shares that comprise the equity of Come and Stay at the day of the admission and a maximum of 383,072 new shares that will be issued in the admission framework.
The admitted shares will represent the total equity and voting rights. Since the admission, the shares will be either in bearer form, or in registered form at the choice of the shareholder.
665,113 shares will be offered to the public as part of a Global Placement and an Open-Price Offer (OPO) (before extension option). The shares will be obtained from the selling of 332,001 existing shares and from the issue of a maximum of 333,112 new shares as part of a capital increase permitted by the General Meeting on 20 March 2006 and to be realised with the listing and decided by the Board of directors on 27 March 2006.
Extension option: According to the importance of the demand, the number of shares could be increased of 49,960 new shares (about 8% of the number of shares initially proposed in this operation). This decision should be made at the latest when the price of the shares is fixed in the OPO and the Global Placement, ie 10 April 2006.
- Period of the Global Placement: from 30 March to 7 April 2006 (17:00) - Period of the OPO: from 30 March to 7 April 2006 inclusive - First quotation: 10 April 2006 - Beginning of trading: 18 April 2006
Portzamparc Société de Bourse