Placement of Euronext Ex-Right Shares in the Context of the Announced Rights Offer
April 30 2021 - 2:13AM
Placement of Euronext Ex-Right Shares in the Context of the
Announced Rights Offer
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PLACEMENT OF EURONEXT EX-RIGHT SHARES IN THE CONTEXT OF
THE ANNOUNCED RIGHTS OFFER
Amsterdam, Brussels, Dublin, Lisbon,
Milan, Oslo and Paris – 30 April 2021 – Euronext has been
informed of the successful completion of a placement of ex-right
shares in Euronext by two of its main shareholders, Euroclear SA/NV
and Société Fédérale de Participations et d’Investissement/Federale
Participatie- en Investeringsmaatschappij (“SFPI-FPIM”). This
transaction aims at financing their subscription to the Euronext
rights offer (the “Rights Offer”) announced on 29 April 2021.
As indicated in the Rights Offer
documentation, Euroclear and SFPI-FPIM intended to participate in
the Rights Offer in a cash neutral transaction by selling part of
their shares and/or rights in order to raise sufficient cash
proceeds (less costs and expenses and any taxes arising on such
sales) to cover the cost of taking up rights in the Rights Offer
exclusively with the proceeds of the placement. Both have committed
to Euronext to apply those net proceeds to subscribe and pay for
offer shares in the Rights Offer by exercising rights granted to
them.
After the settlement and delivery of the Rights
Offer, Euroclear SA/NV and SFPI-FPIM are expected to own
respectively 5.6% and 3.2% of the Euronext share capital and will
continue to be part of the Reference Shareholder group, and remain
committed to support the long-term growth strategy of Euronext.
In connection with the Rights Offer, Euroclear
SA/NV and SFPI-FPIM have undertaken that, subject to certain
exceptions, that they will not dispose of any Euronext shares for a
period ending 90 days after the settlement of the Rights Offer.
Contacts
Investor Relations:Aurélie
Cohen – Chief Communications and Investor Relations
Officer +33
1 70 48 24 17Clément Kubiak – Investor Relations
Manager +33
1 70 48 24 33; ir@euronext.com
Media:Aurélie Cohen - Chief
Communications and Investor Relations Officer +33 1 70 48 24 45;
mediateam@euronext.com
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting local economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, Italy,
The Netherlands, Norway and Portugal. With close to 1,900 listed
issuers worth €5.6 trillion in market capitalisation as of end
March 2021, it has an unmatched blue chip franchise and a strong
diverse domestic and international client base. Euronext operates
regulated and transparent equity and derivatives markets, one of
Europe’s leading electronic fixed income trading markets and is the
largest centre for debt and funds listings in the world. Its total
product offering includes Equities, FX, Exchange Traded Funds,
Warrants & Certificates, Bonds, Derivatives, Commodities and
Indices. Euronext also leverages its expertise in running markets
by providing technology and managed services to third parties. In
addition to its main regulated market, it also operates Euronext
Growth® and Euronext Access®, a number of junior markets,
simplifying access to listing for SMEs. Euronext provides custody
and settlement services through central securities depositories in
Denmark, Italy, Norway and Portugal. For the latest news, go to
euronext.com or follow us on Twitter (twitter.com/euronext) and
LinkedIn (linkedin.com/euronext).
Disclaimer
This press release is for information purposes
only: it is not a recommendation to engage in investment activities
and is provided “as is”, without representation or warranty of any
kind. While all reasonable care has been taken to ensure the
accuracy of the content, Euronext does not guarantee its accuracy
or completeness. Euronext will not be held liable for any loss or
damages of any nature ensuing from using, trusting or acting on
information provided. No information set out or referred to in this
publication may be regarded as creating any right or obligation.
The creation of rights and obligations in respect of financial
products that are traded on the exchanges operated by Euronext’s
subsidiaries shall depend solely on the applicable rules of the
market operator. All proprietary rights and interest in or
connected with this publication shall vest in Euronext. This press
release speaks only as of this date. Euronext refers to Euronext
N.V. and its affiliates. Information regarding trademarks and
intellectual property rights of Euronext is available
at:www.euronext.com/terms-use © 2021, Euronext N.V. - All rights
reserved.
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