MILLET INNOVATION
Identification
Europe Finance et Industrie
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 March 27th, 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 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: Europe Finance et Industries Securities - Number of shares in the Placement: 242,304 shares (80% of the Offer) The Open Price Offer Number of shares in the OPO: 60,576 shares (20% 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. However that number of shares offered in the Open-Price Offer will not exceed 30% of the total number of shares disseminated to the public.
Admission on Alternext the 1,666,470 existing shares that comprise the equity of MILLET INNOVATION at the day of the admission and a maximum of 194,560 new shares that will be issued in the admission framework and a maximum of 40,000 new shares that would be offered to employees will be admitted later on.
The admitted shares will represent the total equity and voting rights. Since the admission, the shares will be either in bearer form, or in registered form at the choice of the shareholder.
302,880 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 108,320 existing shares that will be sold in the Offer framework and from the issue of a maximum of 194,560 new shares as part of a capital increase permitted by the extraordinary general meeting on February 16th, 2006 and to be realised with the listing.
- Period of the Placement: from March 16th, 2006 to March 27th, 2006 (12:00) (can be closed in advance without notice) - Period of the OPO: from March 16th, 2006 to March 24th, 2006 inclusive - First quotation: March 27th, 2006 - Beginning of trading: March 31st, 2006