Gold prices edge up amid Fed rate cut hopes; US-Russia talks awaited
LONDON - BNP Paribas (OTC:BNPQY), along with other financial institutions, has been appointed as the Stabilisation Manager for SPIE SA’s upcoming security offering, which is expected to commence today. This initiative is part of a pre-stabilization announcement in accordance with EU regulations.
SPIE SA, the issuer of the securities, has not disclosed the aggregate nominal amount or the offer price at this time. The stabilization period, managed by BNP Paribas and a consortium including Credit Agricole (OTC:CRARY) CIB, Natixis, Societe Generale (OTC:SCGLY), CIC, Commerzbank (ETR:CBKG), ING, La Banque Postale, and JPM, is set to start on Wednesday and is slated to end by June 27, 2025.
During this period, the Stabilisation Managers may over-allot the securities or engage in transactions to support the market price of the securities at a level higher than what might otherwise prevail. However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time.
The stabilization will be carried out in compliance with all applicable laws and rules, including the Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014). The transactions may take place on over-the-counter (OTC) markets.
This announcement serves informational purposes and is not an invitation or offer to underwrite, subscribe for, or acquire securities in any jurisdiction. Moreover, the securities have not been registered under the United States Securities Act of 1933 and, as such, cannot be offered or sold within the United States absent registration or an exemption from registration. Consequently, there will not be a public offering of these securities in the United States.
The details provided in this article are based on a press release statement and are directed at qualified investors and those with professional experience in investment matters. The announcement and the offer of the securities are addressed to persons outside the United Kingdom (TADAWUL:4280) or those within the UK who meet specific investment-related qualifications.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.