Identification

Symbol
TER
ISIN code
FR0010407049
Trading location
Paris
ICB
Real Estate Holding&Development

Operation

IPO date
Mon 18/12/2006
IPO type

Global Placement and Fixed Price Offer

IPO price
8.88 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

Global Placement procedure - Number of shares: a maximum of 1,281,165 shares representing 90% of the Offer. - Bookrunners: Invest Securities Fixed Price Offer procedure - Subscription open for Retail investors, legal entities and certain UCITS - Number of shares: a minimum of 142,352 shares representing 10% of the Offer. The number of shares offered within the OPF may be increased by shares offered in the Global Placement. Price for the offer: 8.88 euro

Operation description

Admission on Eurolist by Euronext:
- 3,632,861 existing shares representing the outstanding capital of TERREÏS, and,
- a maximum of 1,423,517 new shares by way of public offering,
- a maximum of 2,815,315 new shares in case of the redemption of the Bonds redeemable into shares.

A maximum of 1,423,517 new shares will be offered to public by the way of a Global Placement and a Fixed Price Offer.

According to the demand, the capital increase shall be reduced to 75% of its initial size.

Operation calendar

- Period of the Placement: from December 4, 2006 to December 15, 2006 (17:00) - Period of Offer: from December 4, 2006 to December 15, 2006 (17:00) - First quotation: December 18, 2006 - Beginning of trading: December 22, 2006.

Broker to issue

BANQUE PALATINE
INVEST SECURITIES