Exchange / Market
Trading location
Products family
Computer Services


IPO date
Tue 22/11/2005
IPO price
23 euros
IPO type
Initial Public offering
Operation procedure

Initial reference price : will be the subscription price that will be determinated on 21 November 2005 and that will be published in the financial press on or around 22 November 2005, before opening of the market. Thresholds of listing : As provided in the ETA Nr 2004-433 dated 20 September 2002, the static price range will be set at +/-20% around the reference price. If the price is outside the static price range the stock will be reserved during 15 minutes. The new reference price used will be the treshold (up or down) reached previously. The static price range will be set at +/- 10% of this new reference price. This procedure will be repeated until an opening price will be established. At the opening of the security, the opening price will be the new reference price with a static price range of +/-10% and a dynamic price range of +/-5%. Usual trading rules in term of thresholds and of reservation period will be applied. When Issued: according to the terms of the offering described in the prospectus, investors have to be aware that the offered shares must be delivered on 24 November 2005. Euronext Brussels has indicated that it will cancel all transactions realized on the regulated market Eurolist by Euronext Brussels if the offered shares are not delivered on 24 November 2005. The attention of the public is drawn upon the fact that, from the first listing of the shares on the regulated market Eurolist by Euronext Brussels and until 24 November 2005, it has to take into account the eventuality as described above for every operation that it intends to realise through Euronext or over the counter.

Operation description

Listing on the Continuous Market - Group A1 - Compartment C

A maximum of EUR 30 million new ordinary shares with VVPR-strips, qualifying for dividend as from 1 January 2005, coupons 1 and following attached, that were offered in public subscription as from 8 November 2005 until 18 November 2005.
These shares will be mentioned in the price list under the name Zetes Industries with the mention WI until 24 November 2005 included (When Issued: cf infra).

Maximum 4,267,970 existing ordinary shares of the company Zetes Industries, of wich maximum 1,377,995 ordinary shares partially with VVPR Strips, including Over allotment Option, were offered to sell as from 8 November 2005 until 18 November 2005, by the selling shareholders.

The VVPR strips will be listed on the "Single Fixing" – Group B9.

N.B.: Until delivery of the physical securities, the settlement will only take place in a book-entry form through CIK-EURONEXT (Transfer between accounts).

On a later to be determinated date:
- A maximum of 1,500,000 EUR new ordinary shares with VVPR strips, which were offered in subscription to the employees of Zetes Industries.
- All new ordinary shares with VVPR strips that could be issued through the exercise of the warrants, which were offered for free to certain employees in the framework of a “stock option plan” in accordance with the decision of the shareholders’meeting of the company of 4 November 2005.

Price range
18 euros - 25 euros