from Peugeot Invest (EPA:PEUG)
Peugeot Invest launches the sale of half of its stake in SPIE
Not for publication, distribution, or dissemination, directly or indirectly, in the United States of America, Canada, Australia, Japan, or any other jurisdiction where such distribution would be prohibited.
Neuilly-sur-Seine, March 17, 2025
Peugeot Invest launches the sale of half of its stake in SPIE
Peugeot Invest announces that it has initiated the sale of part of its shareholding in SPIE, representing 4,250,000 shares, or approximately 2.5% of SPIE’s share capital as of December 31, 2024. The sale is being conducted through an accelerated bookbuilding process to qualified investors, as defined by Article 2(e) of Regulation (EU) 2017/1129, as well as for international institutional investors (the 'Placement').
This partial divestment is in line with Peugeot Invest’s active portfolio management strategy.
Peugeot Invest has been supporting SPIE’s development for over seven years. The company benefits from long-term structural tailwinds, including the energy transition, shifts in the energy mix, and digital transformation. Furthermore, SPIE has recently unveiled an ambitious sustainability roadmap and new financial targets for the 2025-2028 period. Peugeot Invest will maintain a significant exposure to benefit from these prospects. Peugeot Invest has committed not to dispose of any shares for a period of 180 days.
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Following the Placement, Peugeot Invest will retain approximately a 2.5% stake in SPIE’s share capital and 4.6% of voting rights. Peugeot Invest will no longer be represented on SPIE’s Board of Directors. The accelerated bookbuilding process is starting immediately and the final terms of the Placement will be announced upon its completion which starts immediately after the publication of this press release and will be the subject of a separate announcement with the result of the Placement. Settlement and delivery of the shares are expected to take place on March 20, 2025.
SPIE shares are listed on the Euronext Paris regulated market (ISIN: FR0012757854).
BNP Paribas and Morgan Stanley are acting as joint bookrunners for the transaction.
This press release is for information purposes only and does not constitute an offer of securities, and the share Placement is strictly reserved for qualified investors as defined under Article 2(e) of EU Regulation (EU) 2017/1129, but also to international institutional investors, and under Article L.4112-1° of the French Monetary and Financial Code.
ABOUT PEUGEOT INVEST
Peugeot Invest is an investment company listed on Euronext and is majority-owned by Établissements Peugeot Frères. Through its Peugeot 1810 subsidiary, Peugeot Invest is one of the leading shareholders in Stellantis and Forvia, and it follows a minority and long-term investment strategy.
Peugeot Invest has shareholdings in listed companies (SPIE, Robertet, LISI), unlisted companies (International SOS, Rothschild & Co), co-
investments (Archimed, JAB Holding) and investment funds.
INVESTOR RELATIONS Sébastien Coquard sebastien.coquard@peugeot-invest.com +33 1 84 13 87 20
PRESS CONTACT
Leslie Jung-Isenwater peugeotinvest@image7.fr +33 6 78 700 555
Disclaimer
The press release is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”).
The securities have not been and will not be offered or sold, directly or indirectly, to the public in France (other than to qualified investors). Any offer or sale of securities or distribution of offering documents has been and will be made in France only to qualified investors, as defined by article 2(e) of the Prospectus Regulation and in accordance with articles L.411-1 and L.411-2 of the French Monetary and Financial Code.
In member states of the European Economic Area and in the United Kingdom, this communication and any offer if made subsequently is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.
This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (together with the persons mentioned in (i), the “authorised persons”), with the exception of any other person.
Securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the securities in the United States in connection with this transaction.
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Securities referred to in this announcement have not been, and will not be offered or sold in Australia, Japan or Canada (except as permitted by Canadian securities laws). Information herein does not constitute an offer to buy any securities in Australia, Japan or Canada.
The release, publication or distribution of this press release generally may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. The Managers did not take any action to allow offer of SPIE shares or distribution of this press release in any jurisdiction where any such action would be required. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Any investment decision to purchase SPIE shares must be made solely on the basis of publicly available information regarding SPIE. Such information is not the responsibility of the Managers.
Distribution, publication or release of this press release are forbidden in any jurisdiction where such distribution or release would be unlawful.