XIRING
Identification
ALLEGRA FINANCE
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 September 18th 2006 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. 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: Gilbert DUPONT - Number of shares diffuse: 674,158 shares representing 10% of the Offer The Open Price Offer - Number of shares in the OPO: 74,906 shares representing 90% of the Offer Depending on the demand, the breakdown between the Placement and the OPO may be adapted as stated below: - In order to increase the placement, the number of shares offered within the Open-Price Offer may be reduced (if the OPO would not be fully subscribed). - In order to increase the Open-Price Offer, the number of shares offered within the placement may be reduced.
Admission on Alternext the 2,340,767 existing shares that comprise the equity of XIRING at the day of the admission and a maximum of 749,064 new shares that will be issued in the admission framework and a maximum of 319,185 new shares that could come from the exercise of all the stock-options and the bonds.
The admitted shares will represent the total equity and voting rights in the Company and will be participating from January 1st 2006. Since the admission, the shares will be either in bearer form, or in registered form at the choice of the shareholder.
749,064 shares will be offered to the public as part of a global placement and an open-price offer (OPO). These shares will be obtained from the issue as part of a capital increase permitted by the extraordinary general meeting on August 23rd 2006.
- Period of the Placement : September 7th to September 15th 2006 inclusive - Period of the OPO: September 7th to 1September 5th 2006 inclusive - First quotation: September 18th, 2006 - Beginning of trading: September 22nd, 2006