ICE CONCEPT (D)
Identification
ICE Concept is specialised in the rental and sale of refrigerated vehicules. The company offers all sizes of refrigerated vehicules, from small vans to trailers, to professionals for short-term as well as long-term rentals.
Operation
Fixed Price Offer
Conditions of the fixed-price offer (Centralization by Euronext Brussels): - Fixed-price: 3.40 euros - A maximum of 73,529 shares made available to the market. Result of the fixed-price offer: The result of the offer shall be published in a notice on 2 April 2007 giving details, in particular the percentage of reduction that may have been applied to orders, as well as the conditions in which the trading on 5 April 2007 shall be pursued, subject to the realisation of the increase of capital and the delivery of the certificate by the depositary. Trading of the shares: After the closing of the fixed-price offer, a maximum of 1,867,647 shares shall be listed on the Free Market of Euronext Brussels representing all of the existing shares of the company. Subscription of the new shares is not guaranteed. Consequently, trading of the new shares shall take place after the delivery of the certificate by the depositary and the trading of the new shares shall begin on the NSC system on 5 April 2007. Request for listing: Euronext Brussels also received an application for listing on the Free Market of Euronext Brussels of maximum 50,000 new ordinary shares, which could be issued following the exercise of 50,000 warrants which were issued following the decision of the EGSM of 13/02/2007 of the company.
The shares offered in this public offering results from a public subscription offer of a maximum of 367,647 new shares. The increase in capital giving rise to the issue of shares, which are the object of the public offer, was approved by the EGSM on 13/02/2007 under the suspensive condition of the actual subscription of the new shares. This offer is complemented with a green-shoe. Following the demand, an additional 50,000 existing shares may be offered at the offer price.
These shares will be distributed within the framework of a two-phased offer:
The Priority Offer: 80% of the securities offered within the context of the offer, that is, maximum 294,118 shares (green-shoe not included), will be allocated to the broker "Weghsteen & Driege", to be used first by the investors who would like to acquire shares within the framework of the offer through the direct intermediary of this broker.
Investors may participate in the Priority Offer for a greater number of shares, but their orders will be subjected to the same rules as the Non-Priority Offer for the surplus.The Offer could be closed early by decision of the broker "Weghsteen & Driege", in agreement with the company ICE Concept as soon as the total number of shares for which orders have been legitimately introduced reaches or exceeds the number of offered shares. Such early closing, which can even happen on the day of opening itself, will be announced by way of a notice published in the press and on the website of the company. Nevertheless, the non-priority offer will remain open at least during 3 working days.
The Non-Priority Offer: 20% of the securities offered within the context of the offer, that is, maximum 73,529 shares (green-shoe not included), will be allocated to the other financial establishments or intermediaries to whom investors may introduce purchase orders, or to the broker "Weghsteen & Driege", for orders which have been used within the framework of the Priority Offer once it has ended or for orders which have been introduced with Weghsteen & Driege after the closing of the Priority offer.
The final number of shares within the framework of the Priority Offer and the Non-Priority Offer may be adapted according to demand. There are no guarantees with regard to the issue of new shares. Consequently, the increase in capital will be limited to the amount of actually subscribed shares.
- Date of approval of the prospectus by the CBFA: 13/02/2007 - Opening of the Priority Offer and the Non-Priority Offer: 26/02/2007 - Closing of the Priority Offer and the Non-Priority Offer: 27/03/2007 - Centralization date: 02/04/2007 - Publication of the results by Euronext Brussels notice: 02/04/2007 - Allocation of the shares: 05/04/2007 - Payment Date: 05/04/2007 - Settlement-delivery date: 05/04/2007 - First trading date on NSC: 05/04/2007
WEGHSTEEN, DRIEGE