PARIS - Societe Generale (OTC:SCGLY), the French multinational banking and financial services company, has announced the initiation of a stabilisation period for Holding d'Infrastructures de Transport SASU, starting today. As the Stabilisation Coordinator, Societe Generale has indicated that the stabilisation measures may be taken to support the market price of the securities during this period.
The securities in question comprise an aggregate nominal amount of EUR 500 million, with specific details on the coupon and maturity yet to be disclosed. The stabilisation period is expected to commence on January 14, 2025, and is anticipated to conclude by February 20, 2025, at the latest.
SG CIB, the investment banking division of Societe Generale, has been named the Stabilisation Manager and may over-allot the securities or engage in transactions to maintain the price of the securities at a level higher than that which might otherwise prevail in the market. However, there is no guarantee that stabilisation will occur, and if initiated, it can be halted at any time.
The announcement clarifies that any stabilisation action or over-allotment will be carried out in compliance with all applicable laws and regulations. It is also noted that the announcement itself does not constitute an offer to underwrite, subscribe for, or acquire any securities of the Issuer.
The offer of the securities is specifically addressed to persons outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional experience in investment matters or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.
This stabilisation notice also emphasizes that the securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of the securities will be made in the United States.
The information provided is based on a press release statement and is intended for informational purposes only. It does not serve as an invitation or offer for any transactions in the securities mentioned.
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