Identification

Listing sponsor / Agent

CREDIT DU NORD

Symbol
ALVER
ISIN code
FR0004155240
Exchange / Market
Euronext Growth
Trading location
Paris
ICB
Industrial Machinery
Website address
http://www.vergnet.fr
Issuer website
http://www.vergnet.fr

Operation

IPO date
wo 06/06/2007
IPO type

Global Placement and Open Price Offer

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

Global Placement procedure - Number of shares: 1,752,469 shares representing 90% of the Offer (before extension option exercise) - Book runner: GILBERT DUPONT Open Price Offer procedure - Subscription open for Retail investors, legal entities and certain UCITS - Number of shares: 194,719 shares representing 10% of the Offer (before extension option exercise)

Operation description

Admission on Alternext:
- 4,402,730 existing shares representing the outstanding capital of VERGNET, and,
- a maximum of 1,550,388 new shares by way of public offering,
- a maximum of 232,558 additional new shares in case the extension option is exercised,
- a maximum of 15,504 new shares from a capital increase reserved to employees (that will be admitted later on),
- a maximum of 452,280 new shares from stock option exercise and BSPCE conversion (that will be admitted later on).

A maximum of 1,947,188 shares (396,800 existing shares and 1,550,388 new shares), before extension option exercise, will be offered to public by the way of a Global Placement and an Open Price Offer (OPO).

It is specified that the capital increase must be totally subscribed before any existing share is sold.

Extension option: Depending on the demand, the number of new shares offered could be raised by a maximum of 232,558 additional new shares.

Green shoe option: Depending on the demand, the number of existing shares offered could be raised by a maximum of 292,078 existing shares.

Operation calendar

- Period of the Placement: from May 24, 2007 to June 5, 2007 (17:00) - Period of the Offer: from May 24, 2007 to June 5, 2007 (17:00) - First quotation: June 6, 2007 - Beginning of trading: June 12, 2007

Price range
11.95 euros - 13.85 euros
Broker to issue

GILBERT DUPONT