Societe Generale Launches Stabilisation for Transport Holdings
Societe Generale Initiates Stabilisation Period
Societe Generale (OTC: SCGLY), a prominent French banking and financial institution, has officially launched a stabilisation period for Holding d'Infrastructures de Transport SASU. This initiative aims to support the market price of the associated securities throughout the designated period of stabilisation.
Details of the Securities
The securities under consideration operate with an aggregate nominal amount of EUR 500 million. While the precise details regarding the coupon rates and maturity dates remain unspecified, the financial community is keenly anticipating further disclosures. The stabilisation measures will kick off on January 14 of the upcoming year and are expected to conclude by February 20 at the latest.
Role of SG CIB in Stabilisation
SG CIB, the investment banking arm of Societe Generale, has been tasked with the role of Stabilisation Manager. This division may execute over-allotment of the securities, engaging in trades that aim to sustain the prices at an elevated level compared to what the market might typically dictate. However, it is worth noting that any stabilisation efforts are subject to change, with the option to cease operations if deemed necessary.
Compliance with Regulations
The stabilisation process will adhere strictly to all relevant regulations to ensure compliance throughout its duration. Importantly, the announcement does not imply a willingness to underwrite, subscribe to, or otherwise acquire the securities being referenced.
Target Audience for the Securities
The offer pertaining to these securities primarily targets individuals outside of the UK or those residing within who possess professional experience in investment pursuits, as well as high-net-worth individuals under the criteria established by the Financial Services and Markets Act 2000.
Regulatory Conditions for U.S. Transactions
It is crucial to highlight that the securities referenced have not been registered under the United States Securities Act of 1933. Consequently, these securities cannot be offered or sold in the U.S. unless a registration statement is filed or a specific exemption from registration is obtained. There will not be any public offering of these securities in the United States.
Conclusion on the Announcement
This announcement serves as an informative overview, providing clarity on the stabilisation actions to be undertaken by Societe Generale. It does not constitute an offer for any transactions associated with the mentioned securities and is designed solely for general informational purposes.
Frequently Asked Questions
What is the purpose of the stabilisation period initiated by Societe Generale?
The stabilisation period is designed to support the market price of the securities related to Holding d'Infrastructures de Transport SASU.
How much is the nominal amount of the securities in question?
The securities have an aggregate nominal amount of EUR 500 million.
Who is the Stabilisation Manager in this scenario?
SG CIB, the investment banking division of Societe Generale, serves as the Stabilisation Manager.
Are the securities being offered in the United States?
No, the securities have not been registered under U.S. law and are not available for public offering in the United States.
Who can participate in the offer of these securities?
The offer is aimed at individuals outside the UK or those within it who have relevant investment experience, as well as high-net-worth individuals.
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