O2I
Identification
AVENIR FINANCE CORPORATE
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 20 December 2005 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. Should the price of admission be under EUR 4.95, the number of shares proposed would be modified and the Autorité des Marchés Financiers would have to deliver another visa on a new prospectus giving the new terms and conditions of the Offer (Placement and OPO). 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. - Number of shares in the Placement: a maximum of 558,658 shares (excepting the shares alloted in the OPO before the extension clause). - Underwriter: TSAF The Open Price Offer Number of shares in the OPO: depending on demand, a minimum of 30% of the Offer (before the extension clause) will be alloted within the OPO i.e. 167,598 shares. The definitive number of shares alloted between the Placement and the OPO will be fixed regarding the demand.
Admission on Alternext the 1,500,000 existing shares that comprise the equity of O2I at the day of the admission and a maximum of 372,439 new shares 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.
558,658 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 186,219 existing shares that will be sold in the Offer framework (and a maximum of 83,798 additional existing shares that could be sold regarding the Extension Clause) and from the issue of a maximum of 372,439 new shares as part of a capital increase permitted by the general meeting on 15 November 2005 and to be realised with the listing and decided by the Board of directors on 13 December 2005.
Extension clause: According to the importance of the demand, the number of shares sold could be increased of 83,798 existing additional shares (15% of the number of shares initially proposed in this operation).
If the float does not amount €2.5m, the Offer will be cancelled and the orders will be void.
- Period of the Placement: from 14 December 2005 to 20 December 2005 (12:00) - Period of the Open Price Offer: from 14 December 2005 to 19 December 2005 inclusive - First quotation: 20 December 2005 - Beginning of trading: 27 December 2005