MGI DIGITAL GRAPHI
Identification
ALLEGRA 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 July 12th, 2006 after centralisation of the OPO and should be published by Euronext Paris SA 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: GILBERT DUPONT - Number of shares within the Global Placement: 911,821 shares (90% of the Offer before the extension option) The Open Price Offer - Number of shares within the OPO: 101,313 shares (10% of the Offer before the extension option). Depending on the demand, the breakdown between the Global Placement and the OPO may be adapted as stated below. If the demand permits it, the number of shares offered within the OPO will be equal to 30% minimum of the Offer.
Admission on Alternext the 2,578,197 existing shares that comprise the equity of MGI DIGITAL GRAPHIC TECHNOLOGY at the day of the admission, 800,000 new shares coming from the conversion of bonds, 10,870 from BSA exercise and a maximum of 1,013,134 new shares that will be issued in the admission framework.
The admitted shares will represent the total equity and voting rights in the Company.
1,013,134 shares will be offered to the public as part of a Global Placement and an Open-Price Offer (OPO) (before extension option). The shares will be obtained from the issue of a maximum of 1,013,134 new shares as part of a capital increase permitted by the General Meeting on April 27th, 2006 and to be realised with the listing and decided by the Board of directors on June 29th, 2006.
Extension option: According to the importance of the demand, the number of shares could be increased of 151,968 existing shares (about 15% of the number of shares initially sold in this operation). This decision should be made at the latest when the price of the shares is fixed in the OPO and the Global Placement, ie July 12th, 2006
- Period of the Global Placement: from July 4th, 2006 to July 12th, 2006 (12:00) - Period of the OPO: from July 4th, 2006 to July 11th, 2006 inclusive (17:00) - First quotation: July 12th, 2006 - Beginning of trading: July 18th, 2006
GILBERT DUPONT