MAESA
Identification
Euroland Finance
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 17 February 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 placement in France and an international private placement in some countries excluding the United States of America. - Number of shares: 378 967 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. - Underwriter: Euroland Finance The Open Price Offer - Number of shares in the OPO: 42 107 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.
Admission on Alternext the 2 250 000 existing shares that comprise the equity of Parfum d’Image at the day of the admission, a maximum of 218 574 new shares that will be issued in the admission framework and a maximum of 7 415 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.
421 074 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 218 574 new shares as part of a capital increase permitted by the extraordinary general meeting dated 24 January 2006 and to be realised with the listing and decided by the boards of directors dated 24 January and 17 February 2006, and from the selling of 202 500 existing shares.
If 75% of the capital increase is not subscribed, the offer will be cancelled.
- Period of the Placement: from 2 to 17 February 2006 (12:00) - Period of the OPO: from 2 to 16 February 2006 (17:00) - First quotation: 17 February 2006 - Beginning of trading: 23 February 2006