Identification

ISIN code
BE0003859767
Trading location
Brussels
ICB
Industrial Machinery

Operation

IPO date
Tue 12/12/2006
IPO price
12 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation description

Euronext Brussels received an application for listing on the regulated market Eurolist by Euronext Brussels of the Metris International Holding n.v. ordinary shares and VVPR strips, a company incorporated under Belgian Law.

- A maximum of EUR 65 million new shares with VVPR-strip, qualifying for dividend as from 01.01.2006, that are offered in public subscription as from 27 November 2006 till 8 December 2006 included, unless closed in advance.

These shares will be mentioned in the price list under the name Metris with the mention WI until 14 December 2006 included (When Issued: cf infra).

- 6,530,823 existing ordinary shares of the company Metris, qualifying for dividend as from 01.01.2006, of wich maximum 20 millions EUR ordinary shares will be offered for sale as from 27 November 2006 till 8 December 2006.
- The new shares coming from the possible exercise of warrants offered by Metris within the framework of the warrantplans.

N.B.: Until delivery of the physical shares and VVPR strips, the settlement will only take place in a book-entry form through Euroclear Belgium (transfer between accounts).

Initial reference price: will be the subscription price that will be published in the financial on or around 12 December 2006.

Thresholds of listing: As provided in the ETA Nr 2004-433 dated 20 September 2002, the static price range will be set at +/-20% around the reference price.
If the price is outside the static price range the stock will be reserved during 15 minutes.
The new reference price used will be the treshold (up or down) reached previously.
The static price range will be set at +/- 10% of this new reference price.
This procedure will be repeated until an opening price will be established.
At the opening of the security, the opening price will be the new reference price with a static price range of +/-10% and a dynamic price range of +/-5%. Usual trading rules in term of thresholds and of reservation period will be applied.

When Issued: according to the terms of the offering described in the prospectus, investors have to be aware that the offered shares must be delivered on 14 December 2006. Euronext Brussels has indicated that it will cancel all transactions realized on the regulated market Eurolist by Euronext Brussels if the offered shares are not delivered on 14 December 2006.

Euronext Brussels announces that, from 12/12/2006, the ordinary shares issued by METRIS N.V. will be listed on Eurolist by Euronext. (Ie notice for detail)

Price range
10.50 euros - 13.50 euros
Broker to issue

KBC Securities