ZUBLIN IMMOBILIERE
Identification
Operation
Guaranteed Global Placement and Open Price Offer
Common conditions for Global Placement and Open Price Offer The first share price will set of the offer and will take account of the demand expressed in the Global Placement. The final price will be set on March 21st, 2006 after centralisation of the OPO and should be published in a notice that same day. The final share price may be set outside the mentioned range. The final number of shares offered in Global Placement and OPO will be fixed in accordance with the nature and the importance of the demand. Characteristics of the Global Placement Before first quotation, a proportion of the shares will be distributed under the Global Placement comprising a public placement in France and outside the France except the United States of America. - Number of shares: 1,080,000 shares, (90% of the Offer before exercise of over-allocation option) - Underwriters: Natexis Bleichroeder Characteristics of the Open Price Offer The OPO is meant mainly for individuals, investing legal entities and FCP. - Number of shares: 120,000 shares (10% of the total number of shares offered before the exercise of the over allocation option)
Admission on Eurolist by Euronext 2,595,850 existing shares that comprise the equity of ZUBLIN IMMOBILIERE FRANCE, a maximum of 1,200,000 New Shares obtained from a capital increase and a maximum of 180,000 Additional New Shares should the over allocation option be exercised and a maximum of 3,975,850 redeemable share subscription warrant to be given charge free to ZUBLIN IMMOBILIERE FRANCE shareholders on April 28th, 2006.
The listed shares will represent the total equity and voting rights in the Company. Since the listing, the shares will be either in bearer form or in registered form at the choice of the shareholder.
1,200,000 shares, before the exercise of the over-allocations option, 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 of a maximum of 1,200,000 New Shares (31.67% of the equity before the over-allocation option) as part of a capital increase permitted by the extraordinary general meeting of shareholders held on February 15th, 2006, which was decided by the board of directors on March 1st, 2006.
To cover the possible over-allocations, the Company will issue to the Banks, new shares amounting to a maximum 180,000 New Shares at the offer price. It will be possible to exercise this option in all or in part at any time until April 21st, 2006.
- Period of the Placement : from March 6th, 2006 to March 21st, 2006 (12:00) - Period of the OPO: from March 6th, 2006 to March 20th, 2006 (17:00) - First quotation: March 21st, 2006 - Beginning of trading: March 22th, 2006