- A fast-growing company, Neoen is the leading independent French producer of exclusively renewable energy, and among the most dynamic in the world.
- The offering is intended to enable Neoen to finance the expansion of its installed capacity to support its continued growth.
- Impala has agreed to subscribe for approximately €170 million of shares in the offering in order to remain the company’s majority shareholder. FCPI Capenergie 3, Fonds Stratégique de Participations and Celeste Management SA have respectively agreed to subscribe for €17.5 million, €90 million and €25 million of shares in the offering.
- Indicative price range for the offering: between €16 and €19 per share.
- Initial size of the offering: approximately €640 million, based on the mid-point of the indicative price range and before any exercise of the over-allotment option, including approximately €450 million in new shares and approximately €164 million and €26 million of existing shares sold, respectively, by FPCI Capenergie II and FPCI Fonds ETI 2020.
- Over-allotment option: up to a maximum of 4,240,240 existing shares that may be sold in order of priority by Capenergie II, Bpifrance and Impala for a maximum of, respectively, 2,120,120, 1,060,060 and 1,060,060 shares in the event of the full exercise of the overallotment option, assuming a sale price at the low end of the indicative price range. In the event that the over-allotment option is fully exercised, the size of the offering may reach a maximum of €711.5 million, based on the mid-point of the indicative offering price range.
- Subscription period: the offering will commence on October 4, 2018. The French public offering is expected to close on October 15, 2018 at 5:00 p.m. (Paris) for orders placed at branches of financial institutions and at 8:00 p.m. (Paris) for orders placed online. The international offering is expected to close on October 16, 2018 at 1:00 p.m. (Paris).
- Pricing of the offering and commencement of trading: pricing for the global offering is expected to take place on October 16, 2018, with trading on Euronext Paris expected to start on a when-issued basis beginning on October 17, 2018, in the form of «promesses d’actions».
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Paris 4 octubre 2018
Neoen launches its initial public offering on Euronext Paris and announces the indicative offering price range