from Peugeot Invest (EPA:PEUG)
Peugeot Invest successfully sold a 4% equity stake in LISI
Neuilly-sur-Seine, 19 January 2024
Peugeot Invest successfully sold a 4% equity stake in LISI
Peugeot Invest announces the successful completion of the disposal of 1,900,000 LISI shares, representing c. 4.08% of the company's share capital as of 31 December 2023. The transaction consisted in an institutional private placement by way of an accelerated book-building process, at a price of €21 per share for a total amount of c. €40 million.
Following this transaction, Peugeot Invest holds c. 10% of LISI's share capital and c. 5% of its voting rights. Represented at LISI’s Board of Directors, Peugeot Invest will continue to play its role as an active shareholder and in supporting the management team as well as its strategy. Peugeot Invest entered into a lock-up agreement relating to its shareholding for a 180-day period as from the settlement and delivery date of the placement, subject to certain customary exceptions.
Bertrand Finet, CEO of Peugeot Invest, said: « After contributing to the reorganisation of LISI's shareholding structure at the beginning of 2023, we are delighted with the success of this placement, which will broaden the free float, and should revitalise the trading of the stock and drive its valuation. Peugeot Invest retains significant exposure to LISI, whose growth prospects are promising. »
Natixis acted as Sole Bookrunner on the transaction. The settlement and delivery of the shares will take place on 23 January 2024.
ABOUT PEUGEOT INVEST
Peugeot Invest is an investment company listed on Euronext and is majority-owned by Etablissements 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 (SEB, LISI, SPIE), unlisted companies (International SOS, Rothschild & Co), co-investments (Archimed, JAB Holding) and investment funds.
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INVESTOR RELATIONS Sébastien Coquard sebastien.coquard@peugeot-invest.com +33 (0)1 84 13 87 20 |
PRESS CONTACT Leslie Jung-Isenwater peugeotinvest@image7.fr +33 (0)6 78 700 555 |
DISCLAIMER
This announcement is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities, and the offer of LISI shares by Peugeot Invest does not constitute a public offering in any jurisdiction, including in France.
This communication is for distribution directly or indirectly 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 "FSMA") 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 FSMA (all such persons together being referred to as (i), "relevant persons"), to the exclusion of any other person.
The distribution of this announcement into certain jurisdictions may be restricted by law. No action has been taken by Peugeot Invest that would permit an offering of LISI shares or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The offer and sale of the securities referred to in this announcement has not been, nor will be, registered under the United States Securities Act of 1933 (the "Securities Act"). The securities 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.
Any investment decision to buy shares in LISI must be made solely on the basis of publicly available information regarding LISI. Such information is not the responsibility of Peugeot Invest.
Release, publication or distribution of this press release is forbidden in any country where it would violate applicable laws or regulations.