Avenir Finance Corporate
Guaranty Global Placement and Open Price Offer
The placement Before first quotation, a proportion of the shares will be distributed under the Global Placement, directed to institutional investors, in France and in some countries, excluding USA. Number of shares: 653 358 shares, i.e. 90% of the total offered shares. Underwriter: IXIS Midcaps The Open Price Offer The OPO is meant for individuals. Number of shares: 72 595 shares, i.e. 10% of the total offered shares. The number of shares allocated in the OPO could be raised by deduction from the Global Placement. However, the number of shares in the OPO could not amounted more than 20% of the total offered shares 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 price of the Global Placement and the OPO will be the same. The final price will be set on June 28th, 2005, 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 aforementioned range.
Admission on Alternext the 2 007 500 existing shares that comprise the equity of SATIMO at the day of the admission, 516 228 new shares obtained from a capital increase described below, and a maximum of 178 175 shares obtained from the subscription of BSA5 et BCE.
The admitted shares, which par value is 0,20 euro per share, will represent the total equity and voting rights in the Company and will be participating from 1st April 2005. Since the admission, the shares will be either in bearer form, or in registered form at the choice of the shareholder.
A maximum of 705 356 shares will be offered to the public as part of a Global Placement and an Open-Price Offer (OPO). The shares will be obtained by :
- the transfer of 209 725 existing shares,
- the issue of 516 228 new shares as part of a capital increase permitted by the extraordinary general meeting of shareholders held on June 9th, 2005, which will be decided by the board of directors on June 30th, 2005.
This issue of new shares is guaranteed by IXIS Midcaps in accordance with the article L.225-145 of Code of Commerce.
A claw back option exists between the Global Placement and the OPO.
- Period of the Global Placement: from 20 June to 28 June 2005 (12:00) - Period of the OPO: from 20 June to 27 June 2005 (17:00) - Date of first listing: 28 June 2005 - Result of the Global Placement and Open Price Offer: 28 June 2005 - Beginning of trading: 29 June 2005