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LONDON - J.P. Morgan S.E has announced its role as the Stabilisation Coordinator for Eastern European Electric Company B.V. (EEEC), indicating that it may engage in actions to stabilize the market price of EEEC’s newly offered securities. The stabilization period commenced today, Thursday, and is expected to last until June 8, 2025.
EEEC has issued a USD Benchmark amount of senior secured notes with a fixed rate and a five-year non-callable period of two years. These securities are to be listed on the Luxembourg Stock Exchange and are available in denominations of USD 200,000 x USD 1,000. The offer price has yet to be confirmed.
As per the relevant regulations, the Stabilisation Manager(s) may over-allot the securities by up to 5% of the aggregate nominal amount. This over-allotment is a common practice in securities offerings, used to manage volatility and support the market price post-issuance. It’s important to note that there is no certainty that stabilization activities will take place, and if they do, they can be discontinued at any time at the discretion of the Stabilisation Manager(s).
The announcement clarifies that these activities are in compliance with the Market Abuse Regulation (EU/596/2016) and Commission Delegated Regulation EU/xxx/2016. The securities may be traded over the counter, with the specific venue to be confirmed.
This stabilization notice is intended for individuals and entities with professional investment experience and high-net-worth persons in the United Kingdom (TADAWUL:4280), as well as qualified investors in the European Economic Area. The securities have not been, and will not be, registered under the United States Securities Act of 1933, and thus will not be offered or sold in the United States absent registration or exemption from registration.
The information in this article is based on a press release statement and provides an overview of the potential market stabilization activities related to EEEC’s securities offering.
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