EVOLIS
Identification
CIC Banque CIO
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 23 March 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 allotment of shares within the Placement and the OPO may vary to take in account the importance of the demand. The Global Placement Before first listing, a proportion of the shares will be included in a placement in France and an international private placement in some countries excluding the United States of America. - Underwriter: CM CIC Securities - Number of shares: 826,407 shares, that is 90% of the Offer Depending on the demand, the breakdown between the Placement and the OPO may be adapted as stated below. The Open Price Offer - Number of shares in the OPO: 91,823 shares, that is 10% of the Offer If the demand permits it, the number of shares offered within the OPO will be equal to 10% minimum of the Offer. If the float does not amount 2.5 million €, the Offer will be cancelled and the orders will be void.
Admission on Alternext the 4,500,000 existing shares that comprise the equity of Evolis at the day of the admission, a maximum of 562,500 new shares that will be issued in the admission framework and a maximum of 25,568 new shares reserved to the salaries.
The admitted shares will represent the total equity and voting rights of the Company. Since the admission, the shares will be either in bearer form, or in registered form at the choice of the shareholder.
918,230 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 issue of a maximum of 562,500 new shares as part of a capital increase permitted by the extraordinary general meeting dated 2 January 2006 and to be realised with the listing and decided by the board of directors dated 6 March 2006, and from the selling of 355,730 existing shares.
Extension clause: According to the demand, the number of shares could be increased of 53,359 existing shares.
If 75% of the capital increase is not subscribed, the offer will be cancelled.
- Period of the Placement: from 13 to 23 March 2006 (12:00) - Period of the OPO: from 13 to 22 March 2006 (17:00) - First quotation: 23 March 2006 - Beginning of trading: 29 March 2006