CFD Corporate Finance
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 2nd, 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: Eurotrading Capital Market - Number of shares diffuse: 2,250,000 shares (90% of the Offer) The Open Price Offer Number of shares in the OPO: 250,000 shares (10% of the Offer) Depending on the demand, the breakdown between the Placement and the OPO may be adapted as stated below: - In order to increase the placement, the number of shares offered within the Open-Price Offer may be reduced (if the OPO would not be fully subscribed). - In order to increase the Open-Price Offer, the number of shares offered within the placement may be reduced.
Admission on Alternext the 5,000,000 existing shares that comprise the equity of International Technologie Sélection at the day of the admission and a maximum of 2,500,000, new shares (2,875,000 new shares should the extension clause be totally exercised) 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.
2,500,000 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 the issue of a maximum of 2,500,000 new shares as part of a capital increase permitted by the extraordinary general meeting on May 30th, 2006 (2,875,000 new shares should the extension be totally exercised) and to be realised with the listing.
Extension clause: According to the importance of the demand, the number of shares in the Offer could be increased of 375,000 additional new shares) (around 15% of the number of shares initially proposed in this operation).
- Period of the Placement : from September 15th, 2006 to October 2nd, 2006 (noon CET) - Period of the OPO: from September 15th, 2006 to September 29th, 2006 inclusive - First quotation: October 2nd, 2006 - Beginning of trading: October 6th, 2006