from Peugeot Invest (EPA:PEUG)
Peugeot Invest launches the disposal of a 4% stake in LISI
Neuilly-sur-Seine, 18 January 2024
Peugeot Invest launches the disposal of a 4% stake in LISI
Peugeot Invest announces the launch of the disposal of 1,900,000 LISI shares, representing c. 4,08% of the company’s share capital as of 31 December 2023, via an institutional private placement by way of an accelerated book-building process.
Since 1977, Peugeot Invest has been supporting the development of LISI, a French leader in the design and manufacture of assembly solutions for the automotive, medical and aerospace industries.
This partial disposal follows the reorganization of LISI's shareholding structure, in which Peugeot Invest contributed alongside other family shareholders back in 2023.
Following this transaction, Peugeot Invest would retain more than 10% of the share capital and 5% of the voting rights and would remain LISI's second largest shareholder. Peugeot Invest has entered into a lock-up agreement relating to its shareholding for a 180-day period as from the settlement and delivery date of the placement, subject to certain customary exceptions.
 |
The book-building will start immediately and the final terms of the placement will be announced after the closing of the accelerated book-building process. The settlement and delivery of the shares is expected to take place on 23 January 2024.
LISI shares are listed on the regulated market Euronext Paris (ISIN FR0000050353).
Natixis is acting as Sole Bookrunner on the transaction.
This press release does not constitute an offer to purchase shares and this sale of shares constitutes an offer reserved for qualified investors as provided for by Article L.411-2-1° of the French Monetary and Financial Code.
ABOUT PEUGEOT INVEST
Peugeot Invest is an investment company listed on Euronext and is majority-owned by Etablissements Peugeot Frères. Through its Peugeot 1810 subsidiary, Peugeot Invest is one of the leading shareholders in Stellantis and Forvia, and it follows a minority and long-term investment strategy. Peugeot Invest has shareholdings in listed companies (SEB, LISI, SPIE), unlisted companies (International SOS, Rothschild & Co), co-investments
(Archimed, JAB Holding) and investment funds.
INVESTOR RELATIONS
Sébastien COQUARD
sebastien.coquard@peugeot-invest.com
+33 (0)1 84 13 87 20
PRESS CONTACT
Leslie Jung-Isenwater peugeotinvest@image7.fr
+33 (0)6 78 700 555
DISCLAIMER
This announcement is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities, and the offer of LISI shares by Peugeot Invest does not constitute a public offering in any jurisdiction, including in France.
This communication is for distribution directly or indirectly in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FSMA") or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the FSMA (all such persons together being referred to as (i), "relevant persons"), to the exclusion of any other person.
The distribution of this announcement into certain jurisdictions may be restricted by law. No action has been taken by Peugeot Invest that would permit an offering of LISI shares or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The offer and sale of the securities referred to in this announcement has not been, nor will be, registered under the United States Securities Act of 1933 (the "Securities Act"). The securities may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the securities in the United States in connection with this transaction.
Any investment decision to buy shares in LISI must be made solely on the basis of publicly available information regarding LISI. Such information is not the responsibility of Peugeot Invest.
Release, publication or distribution of this press release is forbidden in any country where it would violate applicable laws or regulations.