FRONCIERE SEPRIC
Identification
Foncière Sepric specializes in owning and managing commercial properties located in suburban business parks.
At the end of June 2008, the real estate portfolio contained 82 buildings, with a total area of 73,800 m2 and a market value (not including expenses) of EUR141.3 million.
Operation
Global Placement and Fixed Price Offer
Global Placement procedure - Number of shares: 900,000 shares representing 90% of the Offer (before extension option exercise) - Book runner: Invest Securities Fixed Price Offer procedure - Subscription open for Retail investors, legal entities and certain UCITS - Number of shares: 100,000 shares representing 10% of the Offer (before extension option exercise) The number of shares offered either within the OPF or within the Global Placement procedure may be modified depending on the demand. If 75% of the capital increase (or 750,000 shares) was not achieved, the operation would be canceled and the orders would become null and void.
Admission on Euronext Paris:
- 6,333,276 existing shares representing the outstanding capital of FONCIERE SEPRIC, and,
- a maximum of 1,000,000 new shares by way of public offering,
- a maximum of 150,000 new shares in case the extension option is exercised.
A maximum of 1,000,000 shares, before extension option exercise, will be offered to public by the way of a Global Placement and an Fixed Price Offer (OPF).
Extension option: Depending on the demand, the number of shares offered could be raised by a maximum of 150,000 shares.
Price for the offer: 6 euros.
- Period of the Placement: from December 11, 2008 to December 17, 2008 (17:00) - Period of the Offer: from December 11, 2008 to December 17, 2008 (17:00) - First quotation: December 18, 2008 - Beginning of trading: December 24, 2008
INVEST SECURITIES