Identification

Symbol
ALEFT
ISIN code
FR0010406777
Exchange / Market
Euronext Growth
Trading location
Paris
ICB
Software
Website address
http://www.efront.com
Issuer website
http://www.efront.com

Operation

IPO date
Fri 15/12/2006
IPO type

Global Placement and Fixed Price Offer

IPO price
6.40 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

Global Placement procedure - Number of shares: an amount of shares representing beetwen 80 and 90 % of the Offer after extension option exercise) - Book runner: INVEST SECURITIES Open Price Offer procedure - Subscription open for Retail investors, legal entities and certain UCITS - Number of shares: an amount of shares representing beetwen 10 and 20 % of the Offer after extension option exercise) The number of shares offered within the OPO may be increased by shares offered in the Global Placement.

Operation description

Admission on Alternext:
- 2 100 934 existing shares representing the outstanding capital of eFront,
and,
- a maximum of 700 000 new shares by way of public offering,
- a maximum of 105 000 new shares in case the extension option is exercised.

A maximum of 1 050 000 shares (700 000 new shares and 350 000 existing shares), before extension option exercise, will be offered to public by the way of a Global Placement and an Open Price Offer (OPO).

Extension option: Depending on the demand, the number of shares offered could be raised by a maximum of 105 000 new shares.

Green shoe option: up to 112 875 existing shares.

Operation calendar

- Period of the Placement: from December 1st, 2006 to December 14, 2006 (17:00) - Period of the Offer: from December 1st, 2006 to December 14, 2006 (17:00) - First quotation: December 15, 2006 - Beginning of trading: December 21, 2006

Price range
5.80 euros - 6.40 euros
Broker to issue

INVEST SECURITIES