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ABEO, designer of sports and leisure equipment, announces today the filing of its Document de base under No. I.16-055 with the French Financial Markets Authority (AMF) on 14 June 2016.
The filing of the Document de base represents the first step of ABEO's planned initial public offering (IPO) on the Euronext Paris regulated market, subject to market conditions and the AMF's visa on the IPO prospectus.
Olivier Estèves, ABEO's Chief Executive Officer, and Jacques Janssen, Managing Director, made the following comments: “The prospect of the IPO opens a new chapter in ABEO's story. By combining organic and external growth over the past 14 years, ABEO has established itself as a leading player in the sports and leisure equipment market. This new milestone will provide the Group with the means to consolidate its market leadership whilst driving its international growth strategy.”
ABEO: a success story on the sports and leisure equipment market
ABEO: a unique global player marketing specialised brands that partner sports federations and feature at major sporting events
ABEO: an international group with high aspirations
1 Source: AT Kearney – Winning in the Business of Sport, 2014 (market estimate for 2013) and ABEO
2 French GAAP accounting up to 31 March 2013 and IFRS from 1 April 2013
3 International turnover is derived from French subsidiaries' export sales and foreign subsidiaries' sales outside France
4 Growth generating positive EBITDA
5 Subject to obtaining the requisite funding from the IPO
AVAILABILITY OF THE BASE DOCUMENT
The Base Document is available free of charge on request from ABEO (6 rue Benjamin Franklin, BP10, 70190 Rioz, France) and may be downloaded from the Company (www.abeo-bourse.com) and AMF (www.amf-france.org) websites.
The reader's attention is drawn to Chapter 4 “Risk factors” of the Base Document filed with the AMF.
Further information on www.groupe-abeo.fr
ABEO is a major player in the sports and entertainment (“sportainment”) market. The Group posted turnover of €148 million for the year ended 31 March 2016, 66% of which was generated outside France, and has around 1,000 employees.
ABEO is a designer, manufacturer and distributor of sports and leisure equipment. It also provides assistance in implementing projects to professional customers in the following sectors: specialised sports halls and clubs, leisure centres, education, local authorities, construction professionals, etc.
ABEO has a unique global offering, and operates in a wide variety of market segments, including gymnastics apparatus and landing mats, team sports equipment, physical education, climbing walls, leisure equipment and locker room fittings. The Group has a portfolio of strong brands which partner sports federations and are featured at major sporting events, including the Olympic Games.
For any questions relating to this press release or the ABEO Group, please contact:
ACTUS finance & communication
Investor relations – France Bentin [email protected] Tel: +33 (0)1 53 67 36 39
Press relations – Serena Boni [email protected] Tel: +33 (0)1 53 67 36 39
This press release and the information included herein do not constitute an offer of sale, purchase or subscription or the solicitation of a sale, purchase or subscription order for ABEO shares (the “Shares”) in any country. No shares have been or will be offered in France prior to obtaining the approval of the French Financial Markets Authority (the “AMF”) for a prospectus comprising the Base Document (“document de base”) that is the subject of this press release and an offering circular (securities note) to be submitted to the AMF at a later date.
The dissemination, publication or distribution of this release in certain countries may constitute a breach of applicable statutory and regulatory provisions. Accordingly, persons who are physically located in such countries in which this release is disseminated, distributed or published must enquire about and comply with such local restrictions.
This release amounts to a promotional communication and not a prospectus within the meaning of Directive 2003/71/EC issued by the European Parliament and Council on 4 November 2003, as amended, specifically by Directive 2010/73/EU issued by the European Parliament and Council on 24 November 2010, as amended and as transposed in each Member State of the European Economic Area (the “Prospectus Directive”).
In the case of European Economic Area Member States other than France (the “Member States”) which have transposed the Prospectus Directive, no action has been undertaken or will be undertaken in order to enable a public offering of securities that renders the publication of a prospectus mandatory in any of those Member States. As a result, the Shares may be offered in Member States solely: (a) to legal entities that are qualified investors as defined in the Prospectus Directive, or (b) in other cases that do not require ABEO to publish a prospectus under Article 3(2) of the Prospectus Directive.
This release has not been disseminated or approved by an “authorised person” within the meaning of Article 21(1) of the Financial Services and Markets Act 2000. As a result, this release is solely addressed and intended for (i) persons outside the United Kingdom, (ii) investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, (iii) the persons referred to in 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) any other person to whom this release may be addressed in accordance with the law (the persons listed under points (i), (ii), (iii) and (iv) are jointly designated as the “Eligible Persons”). The securities are only intended for Eligible Persons and any invitation, offer or agreement relating to the subscription, purchase or acquisition of the securities can only be addressed to or entered into with Eligible Persons. Any person other than an Eligible Person must refrain from using or relying on this release and the information that it contains. This release does not amount to a prospectus approved by the Financial Services Authority or by any other regulatory authority in the United Kingdom within the meaning of Section 85 of the Financial Services and Markets Act 2000.
This release does not constitute an offer of transferable securities or any kind of solicitation to purchase or subscribe to transferable securities or to any solicitation to sell transferable securities in the United States. The transferable securities that are the subject of this release have not been and will not be registered within the meaning of the US Securities Act 1933 as amended (the “US Securities Act”) and cannot be offered or sold in the United States without registration, or an exemption from the registration requirement, pursuant to the US Securities Act. The Shares have not been and will not be registered under the US Securities Act and ABEO does not intend to perform any public offering of its shares in United States.
Not for direct or indirect release, distribution or publication in the USA, Canada, Australia, Italy, or Japan