ALD - Partial Exercise of the Over-Allotment Option
PARIS, July 10, 2017 /PRNewswire/ --
Do not distribute, directly or indirectly, in the United States, Canada, Australia or Japan.
PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION
SOCIETE GENERALE TO SELL 740,000 ADDITIONAL SHARES
INITIAL PUBLIC OFFERING OF ALD INCREASED TO A TOTAL OF 81,560,728 SHARES, REPRESENTING A TOTAL AMOUNT OF APPROXIMATELY €1,166 MILLION
ALD announces today that the stabilisation agent in connection with its initial public offering on the regulated market of Euronext in Paris, acting in the name and on behalf of the underwriters, exercised in part the over-allotment option to purchase 740,000 additional existing shares from Societe Generale, at the initial public offering price of €14.30 per share. The total gross proceeds from the exercise of the over-allotment option are €10,582,000.
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As a result, the total number of ALD shares sold in connection with the initial public offering has increased to 81,560,728 ordinary shares, representing 20.18% of the company's share capital, thereby increasing the total amount of the offering to approximately €1,166 million.
Following the exercise of the over-allotment option, ALD's public float amounts to approximately 20.18% of its total share capital. Its shareholding structure is as follows:
Number of shares and Percentage of share capital
Shareholders voting rights and voting rights
Société Générale 322,542,852 79.82%
Société Générale
Participations 50 0.00%
Société Générale
Financial services 10 0.00%
Public 81,560,728 20.18%
Total 404,103,640 100.00%
In accordance with the provisions of article 631-10 of the General Regulations of the French Autorité des marchés financiers (the "AMF"), the stabilisation agent in connection with ALD's initial public offering on the regulated market of Euronext in Paris, acting in the name and on behalf of the underwriters, declared that it conducted stabilisation operations, on the regulated market of Euronext in Paris, on a total number of 11,383,109 ALD shares offered in connection with its initial public offering (ISIN Code : FR0013258662 - Mnemonic: ALD). The stabilisation period began on 15 June 2017 (following the publication of the results of the offering by ALD) and ended on 6 July 2017.
Stabilisation transactions were conducted within the following price range:
Transaction Date Price range of the transaction
Low Price (in EUR) High Price (in EUR)
16 June 2017 14.30 14.30
19 June 2017 14.29 14.30
20 June 2017 14.10 14.30
21 June 2017 13.29 14.10
22 June 2017 13.55 13.87
23 June 2017 13.71 13.95
26 June 2017 13.56 13.82
27 June 2017 13.37 13.70
28 June 2017 13.48 13.63
29 June 2017 13.49 13.82
30 June 2017 13.57 13.96
3 July 2017 13.96 14.25
4 July 2017 14.1050 14.23
5 July 2017 14.1050 14.25
6 July 2017 14.16 14.26
INFORMATION AVAILABLE TO THE PUBLIC
Copies of the prospectus that has been granted visa number 17-252 by the AMF on 2 June 2017, consisting of an English-language registration document filed with the AMF on 11 May 2017 under number I.17-042, an English-language securities note and an English- and French-language summary of the prospectus (included in the securities note) are available free of charge and upon request to the Company (Tour Societe Generale « Chassagne », 15-17 Cours Valmy, 92800 Puteaux) and on the Company's (www.ald-ipo.com) and the AMF's (www.amf-france.org ) websites.
ALD draws the public's attention to Chapter 4 "Risk Factors" of the registration document and Section 2 of the securities note. Such risks as discussed therein, should they materialize, could have a material adverse effect on the Company's business, financial condition, results of operation or prospects, as well as on the market price of the shares.
ALD
ALD is the operational leasing and fleet management business line of Societe Generale the largest providers in Europe and a company of reference on its market:
- Operates directly in 41 countries,
- Employs over 6,000 staff,
- Manages 1.41 million vehicles (at 31 March 2017).
Combining professionalism and quality of services provides companies with value-added integrated solutions at both national and international levels.
ALD is listed on Euronext Paris, compartment A (ISIN: FR0013258662 ; Ticker: ALD).
For more information, you can follow us on LinkedIn or visit www.ALDAutomotive.com.
Disclaimer
This announcement does not, and shall not, in any circumstances constitute a public offering or an offer to subscribe shares nor an invitation to the public in connection with any public offering.
No communication or other information related to this transaction or to ALD may be distributed to the public in any jurisdiction where approval or registration is required. No steps have been or will be taken by the company in any country (other than France) where such steps would be required. The purchase of ALD shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. ALD assumes no responsibility for any violation of any such restrictions by any person.
This press release does not constitute a prospectus within the meaning of Directive 2003/71/CE of the European Parliament and Council dated November 4, 2003, to the extent implemented in the relevant member states of the European Economic Area (together, the "Prospectus Directive").
This press release is an advertisement.
In France, an offer of securities to the public may only be made pursuant to a prospectus which has received an AMF visa. With respect to the member states of the European Economic Area other than France (the "Member States") having implemented the Prospectus Directive into law, no action has been or will be taken in order to permit a public offer of the securities which would require the publication of a prospectus in one of such Member States. Consequently, the securities cannot be offered and will not be offered in any Member State (other than France), except in accordance with the exemptions set out in Article 3(2) of the Prospectus Directive, if they have been implemented in the relevant Member State(s) or in the other cases which do not require the publication by ALD of a prospectus pursuant to the Prospectus Directive and/or applicable regulation in the Member States.
The distribution of this press release is not made, and has not been approved, by an "authorized person" within the meaning of Article 21(1) of the Financial Services and Markets Act 2000. As a consequence, this press release is addressed to and directed only at persons who (i) are located outside the United Kingdom, (ii) have professional experience in matters relating to investments within the meaning of Article 19(5) ("investment professionals") of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005, (iii) are persons falling within 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) are persons to whom this press release may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons"). The securities of ALD are directed only at Relevant Persons and no invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities of ALD may be proposed or made other than with Relevant Persons. Any person other than a Relevant Person may not act or rely on this document or any provision thereof. This press release is not a prospectus which has been approved by the Financial Services Authority or any other United Kingdom regulatory authority for the purposes of Section 85 of the Financial Services and Markets Act 2000.
These materials are not an offer for sale of nor an invitation to purchase or to subscribe for ALD securities in the United States or in any other jurisdiction (other than France). ALD securities may not be offered, subscribed for, pledged, sold or otherwise transferred in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and in compliance with any applicable state securities laws. ALD shares have not been and will not be registered under the U.S. Securities Act and ALD does not intend to undertake a public offering of its securities in the United States. Any shares sold in the United States will be sold only to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A.
Circulation of this press release in certain countries may result in a violation of applicable law. The information contained in this document does not constitute an offer of securities for sale in Canada, Australia or Japan. This press release should not be published, circulated or distributed, directly or indirectly, within the United States, Canada, Australia or Japan.
The contents of this announcement have been prepared by and are the sole responsibility of ALD. None of the underwriters in connection with ALD's initial public offering or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to ALD, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
The underwriters in connection with ALD's initial public offering are acting for ALD, and no one else in connection with this announcement and will not be responsible to anyone other than ALD, for providing the protections afforded to their clients, or for giving advice in connection with this announcement or any matter referred to herein.
Contact:
ALD - Investor Relations:
Hans van Beeck
+33-(0)1-57-29-36-60
investor.relations@aldautomotive.com
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