STIF completes the sale of 526,706 shares

On October 30, 2024, STIF, a specialist in explosion protection, announced the successful sale of 526,706 shares by its historical shareholders. Sold at a price of 21 euros per share, these shares represent 10.4% of the share capital. The transaction took place via a private placement for institutional investors, covering 95.7% of the shares sold, and a public offering for individuals in France via PrimaryBid, for 4.3% of the shares.

Following this transaction, the selling shareholders, the Burgos family group, hold 58.31% of the capital and 73.66% of the voting rights. The free float now stands at 41.67% of the capital. This initiative was supervised by Portzamparc, acting as Global Coordinator, with Banque Delubac & Cie and ACR Avocats providing financial and legal support respectively.