Full exercise of the over-allotment option
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Final amount of the offering increased to 58,3 M
Implementation of a liquidity contract with Portzamparc Société de Bourse
PRODWAYS GROUP (hereinafter ” PRODWAYS “), a subsidiary of Groupe Gorgé a specialist in 3D printing industrial, announced today that in the face of resounding success of its ipo on the regulated market of Euronext Paris, compartment B (ISIN Code : FR0012613610 – Mnemonic : PWG), Oddo & Cie Portzamparc Société de Bourse, have fully exercised the over-allotment Option resulting in the issuance of 1 585 528 new shares additional to the bid price, eur 4.80 per share, for a total of 7 610 534 .
For memory, the operation has met with a remarkable success with an offer initiale1 sursouscrite almost 6 times. The offer to open price has also been strongly followed by individuals with a rate of over-subscription of more than 7 times.
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1 global Investment and offers open price, excluding the clause for the Extension and over-allotment Option, including the subscription commitments, as described in the Transaction Note.
As a result, the definitive amount of the capital increase amounted to 58.3 Million euros, corresponding to the emission of 12 155 720 new shares. The total amount of fund-raising is therefore of 66.0 M, taking into account the Bonds Redeemable in Shares subscribed in the upstream of the operation. At the completion of these transactions, the share capital of PRODWAYS is composed of 49 823 057 shares. Owner of 65.2% of the share capital of the company after full exercise of the over-allotment option, Group Gorgé remains the majority shareholder and long-term, PRODWAYS.
In accordance with article 6 of the delegated regulation EU 2016/1052 of march 8, 2016, Oddo & Cie, in its capacity as a stabilizing agent, indicates that no stabilization operation on the actions PRODWAYS has been implemented since may 11, 2017. It was put an end date to the period of stabilization.
PRODWAYS has also announced that they have entrusted Portzamparc Société de Bourse the implementation of a liquidity contract compliant with the ethics Charter of the ASSOCIATION).
Forward-looking statements
This press release contains forward-looking statements. These statements do not constitute guarantees as to the future performance of Groupe Gorgé or of Prodways Group. These forward-looking statements relate to future prospects, developments and business strategy of Groupe Gorgé and Prodways Group and are based on analyses of forecasts of future results and estimates of amounts not yet determinable. By their nature, forward-looking information involve risks and uncertainties because they relate to events and depend on circumstances that may or may not be realized in the future. Groupe Gorgé draws your attention to the fact that the forward-looking statements are not a guarantee of future performance and that its financial situation, its results and cash flows of the real as well as the evolution of the sector in which Groupe Gorgé operates may differ significantly from those offered or suggested by the forward-looking statements contained in this document. In addition, even if the financial situation of Groupe Gorgé, its results, its cash flows and the evolution of the sector in which Groupe Gorgé operates were consistent with the forward-looking information contained in this document, those results or developments may not be indicative of results or developments in future of Groupe Gorgé. A description of the events that could have a material adverse effect on the business, financial position or results of Groupe Gorgé, or on its ability to achieve its objectives, see chapter 1.6 “risk Factors” of the reference document prepared by the company.
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