TIGHTENING OF THE OFFERING INDICATIVE PRICE RANGE IN THE CONTEXT OF FIGEAC AERO'S WELCOMING OF NEW INVESTORS | Bourse Reflex
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TIGHTENING OF THE OFFERING INDICATIVE PRICE RANGE IN THE CONTEXT OF FIGEAC AERO'S WELCOMING OF NEW INVESTORS

Mardi 15 Mar 2016 à 10:35

TRADING SUSPENSION UNTIL 22 MARCH 2016 INCLUDED

 

  • Tightening of the offering indicative price range: between EUR 21.25 and EUR 22.00 per share (vs. price range at launch between EUR 20.75 and EUR 26.00)
  • Suspension of trading of the shares of the Company on Alternext Paris and start of trading on 23 March 2016 on Euronext Paris (compartment B) if the transaction is successfully completed
  • As a reminder: securities eligible for PEA and PEA-SME plans and subscription period is until 17 March 2016 inclusive for the Open Price Offering (OPO), and until 18 March 2016 (12:00 noon) for the Global Placement (GP), unless earlier completion

In the context of its contemplated welcoming of new shareholders and admission of its shares to trading on the regulated market of Euronext Paris (as further described in the press release dated 8 March 2016), FIGEAC AERO, key partner to the major aerospace manufacturers, announced today an indicative price range (initially between EUR 20.75 and EUR 26.00 per share) tightened between EUR 21.25 and EUR 22.00 per share (the “Tightened Indicative Price Range”). For information, the closing price per share on 14 March 2016 was EUR 23.90.

Based on the lower end of the Tightened Indicative Price Range, the offering, in the amount of approximately EUR 85 million, corresponding to a total maximum number of 3,999,999 offered shares, comprises:

  • a maximum number of 3,529,411 new shares to be issued as part of a capital increase without preferential subscription rights involving cash subscription by way of a public offering, a number that may be increased to a maximum of 4,058,822 new shares in the event of the full exercise of the extension clause;
  • a maximum number of 470,588 shares sold by Jean-Claude Maillard.

 

Offering reserved for employees

The cash capital increase reserved for employees of the Company and its subsidiaries belonging to the FIGEAC AERO company savings plan, will be priced within a tightened indicative range of EUR 17.00 to EUR 17.60 (representing a discount of 20% to the Tightened Indicative Price Range). On this basis, the cash capital increase reserved for employees will represent a maximum number of 58,823 new shares to be issued.

Suspension of trading

As mentioned in the prospectus relating to the transaction with visa No. 16-070 delivered by the French Financial Markets Authority (Autorité des marchés financiers (the “AMF”)) on 7 March 2016, FIGEAC AERO has requested that the trading of its shares be suspended on 15 March 2016 (before opening). trading shall resume on 23 March 2016, on the regulated market of Euronext Paris (compartment B) if the transaction is successfully completed.

Next steps as per the indicative timetable

17 March 2016 Closure of the subscription period for the public offering at 5.00 p.m. (Paris time) for written subscriptions and 8.00 p.m. (Paris time) for online subscriptions
18 March 2016
(12:00 noon)
Closure of the subscription period for the global placement
Pricing and allocation of shares
22 March 2016 Settlement-delivery of the OPO and the global placement
23 March 2016 Delisting of the shares on Alternext Paris and admission of the shares
to trading on Euronext Paris – Start of trading

 

PROSPECTUS

Copies of the Prospectus approved by the AMF on 7 March 2016 under No. 16-070 are available free of charge upon request from the head office of FIGEAC AERO and in electronic form on the websites of the Company (www.figeac-bourse.com) and the AMF (www.amf-france.org).

 

RISK FACTORS

Before investing in the Company, investors should take into account the risk factors and other information provided in Chapter 4 “Risk Factors” of the Registration document and Chapter 2 “Risk factors related to the Offering” of the Securities note.

 

 

ABOUT FIGEAC AÉRO
The Figeac Aéro Group, a leading partner of major aerospace manufacturers, specialises in the production of light alloy and hard metal structural parts, engine parts, landing gear parts and sub-assemblies. An international group with a workforce of over 1,800 employees, Figeac Aéro operates in France, the United States, Morocco, Mexico and Tunisia. In the year ended 31 March 2015, the Group reported revenues of €204 million. Its year-end order backlog was €3.7 billion.

 

 

 
  FIGEAC AERO
Jean-Claude Maillard
Chairman and Chief Executive Officer
Tel.: +33 (0)5 65 34 52 52
 
 
ACTUS Finance & Communication 
Corinne Puissant
Analyst/Investor Relations
Tel.: +33 (0)1 53 67 36 77
cpuissant@actus.fr
   
   
Jean-Michel Marmillon
Press Relations
Tel.: +33 (0)1 53 67 36 73
jmmarmillon@actus.fr

DISCLAIMER

This press release does not constitute and should not be considered as a public offering, an offer to sell or subscribe, or a solicitation of an order to purchase or subscribe, or as a means of soliciting public interest in a public offering.

This press release has been issued for information purposes and not as a prospectus within the meaning of Directive 2003/71/ EC of the European Parliament and of the Council of 4 November 2003 as amended, notably by Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010, as amended, as transposed by each Member State of the European Economic Area (the “Prospectus Directive”).

As regards Member States of the European Economic Area States other than France that have transposed the Prospectus Directive (the “Member States”), no action has been undertaken or will be undertaken to make a public offering of the shares of the Company requiring the publication of a prospectus in any such Member State. The shares may therefore only be offered in these States: (a) to legal entities classified as qualified investors as defined in the Prospectus Directive; or (b) in other cases that do not require the publication by FIGEAC AERO of a prospectus pursuant to Article 3(2) of the Prospectus Directive.

This press release has not been issued and has not been approved by an authorised person within the meaning of Article 21(1) of the Financial Services and Markets Act 2000. Accordingly, this press release is intended solely for (i) persons outside the United Kingdom, (ii) investment professionals falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, (iii) persons falling within the scope of Article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or (iv) any other persons to whom this document may be communicated in accordance with the law (the persons mentioned in paragraphs (i), (ii), (iii) and (iv) together being referred to as “Qualified Persons”). The securities are intended solely for Qualified Persons; and no invitation, offer or agreement relative to the subscription, purchase or other means of acquiring securities may be proposed or MADE other than to Qualified Persons. Persons other than Qualified Persons may not act or rely on this press release and the information contained herein. This press release is not a prospectus approved by the Financial Services Authority or any other regulatory authority in the United Kingdom within the meaning of Section 85 of the Financial Services and Markets Act 2000.

This press release does not constitute an offer of securities or a solicitation to purchase or subscribe for securities or a solicitation to sell securities in the United States. The securities referred to herein have not been and will not be registered pursuant to the US Securities Act of 1933, as amended (the “US Securities Act”), and may not be offered or sold in the United States without registration or exemption from the registration requirement imposed under the US Securities Act. The Shares have not been and will not be registered pursuant to the US Securities Act, and FIGEAC AERO does not intend to make any public offering of its shares in the United States of America.

ABOUT FIGEAC AÉRO

 

The Figeac Aéro Group, a leading partner of major aerospace manufacturers, specialises in the production of light alloy and hard metal structural parts, engine parts, landing gear parts and sub-assemblies. An international group with a workforce of over 1,800 employees, Figeac Aéro operates in France, the United States, Morocco, Mexico and Tunisia. In the year ended 31 March 2015, the Group reported revenues of €204 million. Its year-end order backlog was €3.7 billion.

 

 
FIGEAC AERO
Jean-Claude Maillard
Chairman and Chief Executive Officer
Tel.: +33 (0)5 65 34 52 52
 
 
ACTUS Finance & Communication
Corinne Puissant
Analyst/Investor Relations
Tel.: +33 (0)1 53 67 36 77
cpuissant@actus.fr
   
   
Jean-Michel Marmillon
Press Relations
Tel.: +33 (0)1 53 67 36 73
jmmarmillon@actus.fr

DISCLAIMER
This press release does not constitute and should not be considered as a public offering, an offer to sell or subscribe, or a solicitation of an order to purchase or subscribe, or as a means of soliciting public interest in a public offering.

This press release has been issued for information purposes and not as a prospectus within the meaning of Directive 2003/71/ EC of the European Parliament and of the Council of 4 November 2003 as amended, notably by Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010, as amended, as transposed by each Member State of the European Economic Area (the “Prospectus Directive”).
As regards Member States of the European Economic Area States other than France that have transposed the Prospectus Directive (the “Member States”), no action has been undertaken or will be undertaken to make a public offering of the shares of the Company requiring the publication of a prospectus in any such Member State. The shares may therefore only be offered in these States: (a) to legal entities classified as qualified investors as defined in the Prospectus Directive; or (b) in other cases that do not require the publication by FIGEAC AERO of a prospectus pursuant to Article 3(2) of the Prospectus Directive.

This press release has not been issued and has not been approved by an authorised person within the meaning of Article 21(1) of the Financial Services and Markets Act 2000. Accordingly, this press release is intended solely for (i) persons outside the United Kingdom, (ii) investment professionals falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, (iii) persons falling within the scope of Article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or (iv) any other persons to whom this document may be communicated in accordance with the law (the persons mentioned in paragraphs (i), (ii), (iii) and (iv) together being referred to as “Qualified Persons”). The securities are intended solely for Qualified Persons; and no invitation, offer or agreement relative to the subscription, purchase or other means of acquiring securities may be proposed or made other than to Qualified Persons. Persons other than Qualified Persons may not act or rely on this press release and the information contained herein. This press release is not a prospectus approved by the Financial Services Authority or any other regulatory authority in the United Kingdom within the meaning of Section 85 of the Financial Services and Markets Act 2000.

This press release does not constitute an offer of securities or a solicitation to purchase or subscribe for securities or a solicitation to sell securities in the United States. The securities referred to herein have not been and will not be registered pursuant to the US Securities Act of 1933, as amended (the “US Securities Act”), and may not be offered or sold in the United States without registration or exemption from the registration requirement imposed under the US Securities Act. The Shares have not been and will not be registered pursuant to the US Securities Act, and FIGEAC AERO does not intend to make any public offering of its shares in the United States of America.


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