PEA / PME ABEO listed Euronext

ABEO: The final amount of the fund-raising was EUR 22.2 million   (26/10/2016 19:40)
  • Exercise of the greenshoe option through the issuance of new shares1
  • End of the stabilisation
  • Implementation of a liquidity agreement
     

As part of its initial public offering on Euronext Paris, ABEO, a designer of sports and leisure equipment, has announced that CM-CIC Market Solutions, acting on behalf of the Lead Managers and Joint Bookrunners, namely CM-CIC Market Solutions and Gilbert Dupont, has exercised the greenshoe option in an amount of €1.5 million, which corresponds to the issuance of 91,199 additional new shares at the offer price of €16.84 per share.

As a result, the final amount of the capital increase was €22.2 million, following the partial exercise of the greenshoe option. The total number of ABEO shares offered as part of the initial public offering was 1,317,864 new shares, i.e. 19.8% of the Company's share capital.

Settlement and delivery of the shares resulting from the partial exercise of the greenshoe option will take place by the 28th October 2016.

Furthermore, pursuant to the provisions of Article 630-10 of the French Financial Markets Authority's (AMF) General Regulation, CM-CIC Market Solutions, in its capacity as the stabilising agent on behalf of the banking syndicate, states that no stabilisation transaction was performed as part of ABEO's initial public offering. The stabilisation period that began on 11 October ended today, following the publication of this press release.

ABEO has entrusted the implementation of a liquidity agreement for a period of one year from 27 October 2016, renewable by tacit agreement, to CM-CIC Market Solutions, in accordance with the Corporate Ethics Charter drawn up by the French Financial Markets Association on 8 March 2011, and approved by the AMF via the aforementioned decision of 21 March 2011 (“AMAFI Charter”). A cash amount of €200,000 has been allocated to the liquidity account in order to implement this agreement.

 

1. At the end of the placement period, Jalénia (a holding company controlled by Olivier Estèves) informed ABEO that it did not intend to dispose of the line of shares reserved for the company as part of the greenshoe option.

 

  • Next releases
- Monday, 14 November 2016, before market opening: H1 2016/2017 turnover
- Tuesday, 6 December 2016, after market close: H1 2016/2017 results
 
  • Share codes
Name: ABEO
ISIN Code: FR0013185857
Ticker symbol: ABEO
ICB classification: 3745 – Recreational Products
Listing market: Euronext Paris, Compartment C
 
  • Breakdown of the share capital following the exercise of the greenshoe option
Shareholders Number of shares %
of share capital
Number of voting rights %
of voting rights
Jalenia/Olivier Estèves 3,056,972 45.88% 5,977,889 56.42%
Serdon BV/Jacques Janssen 1,028,662 15.44% 1,028,662 9.71%
Concert sub-total 4,085,634 61.32% 7,006,551 66.13%
CM-CIC investissement SCR 1,247,246 18.72% 2,246,894 21.21%
Adora Holding 12,104 0.18% 24,208 0.23%
FREE FLOAT 1,317,864 19.78% 1,317,864 12.44%
TOTAL 6,662,848 100.00% 10,595,517 100.00%



Read more at www.abeo-bourse.com

ABOUT ABEO

ABEO is a major player in the sports and leisure (“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.



Contacts

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)4 72 18 04 94
Press relations – Serena Boni [email protected] Tel: +33 (0)4 72 18 04 92

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