SV PATRIMONIA
Identification
SV PATRIMONIA is active in real-estate trading and acts as a property developer. Its activity consists in acquiring real estate for resale purposes with the aim of obtaining a capital gain. This activity can be multi-faceted, such as the division and restoration of buildings, site reallocation, etc. As a property developer, it creates housing estates by obtaining the permits needed to divide land into several building lots.
Operation
Fixed Price Offer
Conditions of the fixed-price offer (Centralization by Euronext Brussels): - Fixed-price: EUR 5.10 per share and EUR 1,020 per bond. - 60,000 shares and 400 bonds will made available to the market. Transmission of the orders by the clients: until 5 April 2007, 5:00 p.m. at the latest. The financial intermediaries will transmit their buy orders for which they are depositaries to the market member (s) of their choice. Result of the fixed-price offer: The result of the offer shall be published in a notice on 10 April 2007 giving details, in particular the percentage of reduction that may have been applied to orders, as well as the conditions in which the trading on 17 April 2007 shall be pursued, subject to the realisation of the increase of capital for the shares and subject to the condition of the actual subscription of the new bonds and subject to the delivery of the certificates for shares and bonds by the depositary. Trading of the shares: After the closing of the fixed-price offer, a maximum of 1,300,000 shares shall be listed on the Free Market of Euronext Brussels representing all of the existing shares of the company and a maximum of 2,000 new bonds. Subscription of the new shares or bonds is not guaranteed. Consequently, trading of the new shares shall take place after the delivery of the certificates by the depositary and the trading of the new shares and bonds shall begin on the NSC system on 17 April 2007. Request for listing: Euronext Brussels also received an application for listing on the Free Market of maximum 65,000 new ordinary shares, which could be issued following the exercise of 65,000 warrants which were issued following the decision of the EGSM of the company on 16/02/2007. Euronext Brussels announces that, from 17/04/2007, the ordinary bonds described below issued by SV PATRIMONIA will be listed on NSC (Free Market). (Ie notice for details)
The shares offered in this public offering results from a public subscription offer of a maximum of 300,000 new shares and a public subscription offer of a maximum of 2,000 new bonds. The increase in capital giving rise to the issue of shares, which are the object of the public offer, was approved by the EGSM on 16/02/2007 under the suspensive condition of the actual subscription of the new shares and under the suspensive condition of the actual subscription of the new bonds which have been issued following a decsion by the Board of Directors on 16/02/2007.
These shares and bonds will be distributed within the framework of a double two-phased offer.
The Priority Offer: 80% of the securities offered within the context of the offer, that is, maximum 240,000 shares and 1,600 bonds, will be allocated to the broker "Weghsteen & Driege", to be used first by the investors who would like to acquire shares within the framework of the offer through the direct intermediary of this broker. Investors may participate in the Priority Offer for a greater number of shares, but their orders will be subjected to the same rules as the Non-Priority Offer for the surplus. The Offer could be closed early by decision of the broker "Weghsteen & Driege", in agreement with the company SV PATRIMONIA as soon as the total number of shares or bonds for which orders have been legitimately introduced reaches or exceeds the number of offered shares resp bonds. Such early closing, which can even happen on the day of opening itself, will be announced by way of a notice published in the press and on the website of the company.
Nevertheless, the non-priority offer will remain open at least during 3 working days.
The Non-Priority Offer: 20% of the securities offered within the context of each offer, that is,maximum 60,000 shares and maximum 400 bonds, will be allocated to the other financial establishments or intermediaries to whom investors may introduce purchase orders, or to the broker "Weghsteen & Driege", for orders which have been used within the framework of the Priority Offer once it has ended or for orders which have been introduced with Weghsteen & Driege after the closing of the Priority offer.
The final number of shares and bonds within the framework of the Priority Offer and the Non-Priority Offer may be adapted according to demand. There are no guarantees with regard to the issue of new shares and to the issue of new bonds. Consequently, the increase in capital will be limited to the amount of actually subscribed shares resp bonds.
- Date of approval of the prospectus by the CBFA: 20/02/2007 - Opening of the Priority Offer and the Non-Priority Offer: 01/03/2007 - Closing of the Priority Offer and the Non-Priority Offer: 05/04/2007 - Centralization date: 10/04/2007 - Publication of the results by Euronext Brussels notice: 10/04/2007 - Allocation of the shares: 16/04/2007 - Payment Date: 16/04/2007 - Settlement-delivery date: 16/04/2007 - First trading date on NSC: 17/04/2007
WEGHSTEEN, DRIEGE