PROSERVIA
Identification
BANQUE PALATINE (from July 31st, 2006)
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 25th, 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: Portzamparc Société de bourse - Number of shares within the Global Placement: a maximum of 152,964 shares (80% 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. The Open Price Offer - Number of shares within the OPO: a minimum of 38,241 shares (20% of the Offer before the extension option) If the demand permits it, the number of shares offered within the OPO will be equal to 20% minimum of the Offer.
Admission on Alternext the 1,452,160 existing shares that comprise the equity of PROSERVIA at the day of the admission and a maximum of 191,205 new shares that will be issued in the admission framework.
The admitted shares will represent the total equity and voting rights in the Company.
191,205 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 obtain from the issue of a maximum of 191,205 new shares as part of a capital increase permitted by the General Meeting on April 28th, 2006 and to be realised with the listing and decided by the Board of directors on July 7th, 2006.
The capital increase may be reduced to a minimum of 75% of the amount planned within the Offer should the demand be not sufficient.
- Period of the Global Placement: from July 18th, 2006 to July 24th, 2006 (17:00) - Period of the OPO: from July 18th, 2006 to July 24th, 2006 inclusive (17:00) - First quotation: July 25th, 2006 - Beginning of trading: July 31st, 2006
PORTZAMPARC SOCIETE DE BOURSE