TURENNE INV
Identification
Operation
Global Placement and Open Price Offer
Global Placement procedure - Number of shares: a maximum of 1,875,000 new shares representing 90% of the Offer (before extension option exercise) - Book runner(s): NATEXIS BLEICHROEDER - Invest Securities Open Price Offer procedure - Subscription open for Retail investors, legal entities and certain UCITS. - Number of shares: between 10% and 40% of the Offer (before extension option exercise) The breakdown between OPO and Global Placement may be modified as follows: - The number of shares offered within the OPO may be increased by shares offered in the Global Placement. - Should the OPO not be fully suscribed, the shares will be automatically transfered to the Global Placement. - According to the demand, it is specified that the OPO could represent more than 40% of the Offer in order to allot the P prioritary orders.
Admission on Alternext:
- 22,500 existing shares representing the outstanding capital of TURENNE INVESTISSEMENT SCA, and,
- a maximum of 2,083,334 new shares by way of public offering,
- a maximum of 312,500 new shares in case the extension option is fully exercised,
- a maximum of 2,418,334 A warrants that will be granted by the company to its shareholders (1 A warrant for each share owned) after the settlement/delivery and after the trading day of 08/12/2006.
- a maximum of 2,418,334 B warrants that will be granted by the company to its shareholders (1 B warrant for each share owned) after the settlement/delivery and after the trading day of 08/12/2006.
These warrants will be attached to the shares until 31/08/2007. Further details about these warrants will be disclosed in the result notice of the OPO.
A maximum of 2,083,334 shares, before extension option exercise, will be offered to public by the way of a Global Placement and an Open-Price Offer (OPO).
Extension option: Depending on the demand, the number of shares offered could be raised by a maximum of 312,500 additionnal new shares.
Green shoe option: The company will issue 63,063 bonds, at 0.01 € each, allowing Natexis Bleichroeder to subscribe a maximum of 63,063 new shares (with 63,063 A warrants and 63,063 B warrants) before 09/01/2007.
- Period of the Placement: from November 20th, 2006 to December 4th, 2006 (17:00) - Period of the OPO: from November 20th, 2006 to December 4th, 2006 (17:00) - First quotation: December 5th, 2006 - Beginning of trading: December 11th, 2006
NATEXIS BLEICHROEDER - Invest Securities