Gecina Announces the Successful Sale of Approximately 2.2 Million Preferential Subscription Rights (“PSRs”) Detached from...
19 Julho 2017 - 3:24AM
Business Wire
Regulatory News:
Gecina (Paris:GFC) has sold 2,193,081 PSRs (ISIN code
FR0013270014) detached from its treasury shares by way of an
accelerated bookbuilding to institutional investors (the
“Placing”) at a price of €2.58 by PSR. The PSRs sold
represent the entirety of PSRs detached from Gecina’s treasury
shares and give right to the subscription of 313,297 new Gecina
shares, i.e. approximately 3.5% of the share capital increase.
The Placing was executed in coordination with the concomitant
sale of 12,597,643 PSRs by Ivanhoé Cambridge via the Trade
Confirmation System (TCS) of Euronext. Ivanhoé Cambridge sold its
PSRs to participate in the capital increase on a “cash-neutral
basis”.
The total PSRs placed, including Ivanhoé Cambridge’s PSRs,
represent a total of 2,112,960 potential new shares issued if all
the PSRs sold are exercised, i.e. approximately 23% of the share
capital increase.
The sale of the PSRs alongside the rights offering will help
increase Gecina’s free float by close to 10% and enhance the
liquidity profile of its shares1.
As a reminder, Gecina and Ivanhoé Cambridge have each agreed to
a lock-up period starting on the date of the AMF visa on the
French-language prospectus in respect of the rights issue and
ending 90 calendar days following the settlement and delivery of
the rights issue, subject to certain exceptions.
This press release does not constitute an offer to sell PSRs and
the Placing of PSRs by Gecina does not constitute an offer to the
public.
Disclaimer
This press release and the information contained herein do not
constitute an offer to sell or purchase, or the solicitation of an
offer to sell or purchase, PSRs.
No communication or information relating to the contemplated
Placing of PSRs or the rights issue may be distributed to the
public in any jurisdiction in which registration or approval is
required. No action has been (or will be) undertaken in any
jurisdiction where such steps would be required. The subscription
for or purchase of securities of Gecina or the purchase of PSRs may
be subject to legal or statutory restrictions in certain
jurisdictions. Gecina assumes no responsibility for any violation
of such restrictions by any person. The distribution of this press
release in certain jurisdictions may be restricted by law.
This press release does not constitute a prospectus within the
meaning of Directive 2003/71/EC of the European Parliament and
Council dated 4 November 2003, as amended, in particular by
Directive 2010/73/UE in the case where such directive was
implemented into law in the member States of the European Economic
Area (the "Prospectus Directive").
The Placing of PSRs does not constitute an offer to the
public in any jurisdiction.
With respect to each member State of the European Economic Area
(the "Member State") having implemented the Prospectus
Directive into law, no action has been undertaken or will be
undertaken to make an offer to the public of securities requiring a
publication of a prospectus in any such Member State. As a result,
the PSRs may only be offered in the Member States (a) to qualified
investors, as defined by the Prospectus Directive; or (b) in any
other circumstances, not requiring Gecina to publish a prospectus
as provided under Article 3(2) of the Prospectus Directive.
For the purposes of this paragraph, "securities offered to
the public" in a given Member State means any communication, in
any form and by any means, of sufficient information about the
terms and conditions of the offer and the securities so as to
enable an investor to make a decision to buy or subscribe for the
securities, as the same may be varied in that Member State.
The above selling restrictions are in addition to any other
selling restrictions which may be applicable in the Member
States.
The distribution of this press release is directed only at (i)
persons outside the United Kingdom, subject to applicable laws, or
(ii) persons having professional experience in matters relating to
investments who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 as amended (the
"Order") or (iii) high net worth bodies corporate,
unincorporated associations and partnerships and trustees of high
value trusts as described in Article 49(2) (a) to (d) of the Order
(all such persons together being referred to as “relevant
persons”). The Placing of PSRs is only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise
acquire such rights will be engaged in only with, relevant persons.
Any person who is not a relevant person should not act or rely on,
this press release or any information contained herein.
This press release does not constitute an offer or invitation to
sell or purchase, or a solicitation of any offer to purchase or
subscribe for, any securities of Gecina or the PSRs in the United
States of America. Securities may not be offered, subscribed or
sold in the United States of America absent registration under the
U.S. Securities Act of 1933, as amended (the "U.S. Securities
Act"), except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements thereof.
The securities of Gecina and the PSRs have not been and will not be
registered under the U.S. Securities Act and Gecina does not intend
to make a public offer of its securities or the PSRs in the United
States of America.
The diffusion of this press release in certain countries may be
prohibited under applicable law.
This press release does not constitute an offer of securities,
in the United-States (including in the territories and dependencies
and in any State of the United States), in Canada, in Australia, or
in Japan.
1 Float increased from 51% to approximately 55% following the
capital increase with preferential subscription rights and the
tenders for the securities offer of the mandatory public offer
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