INDUSTRIE, BOURSE, INTERNATIONAL
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 25th 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 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 - Placement agent: EuroTrading - Number of shares diffuse: 450,000 shares representing 90% of the Offer The Open Price Offer Number of shares in the OPO: 50,000 shares representing 10% of the Offer The final number of shares offered in the Placement and the OPO could be adjusted depending of the nature of the demand: - The definitive number of shares offered in the OPO could be raised by shares initially offered in the Placement without exceeding 20% of the offer - The definitive number of shares offered in the Placement could be raised by shares initially offered in the OPO in case the OPO is not fully covered.
Admission on Alternext the 926,448 existing shares that comprise the equity of ECT INDUSTRIES at the day of the admission and a maximum of 200,000 new shares that will be issued in the admission framework.
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.
500,000 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 300,000 existing shares (345,000 new shares should the extension be totally exercised) and from the issue of a maximum of 200,000 new shares as part of a capital increase permitted by the extraordinary general meeting on June 22nd 2006.
Extension clause: According to the importance of the demand, the number of shares in the Offer could be increased of 45,000 additional existing shares representing 9% of the number of shares initially proposed in this operation.
- Period of the Placement : from October 16th to October 24th 2006 inclusive (The Global Placement could be closed without previous notice) - Period of the OPO: from October 16th to October 24th 2006 inclusive - First quotation: October 25th, 2006 - Beginning of trading: October 31st, 2006