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LONDON - Natixis has announced the initiation of a pre-stabilisation period for Eramet (EPA:ERMT) SA securities, starting today, with HSBC and Natixis acting as Stabilisation Managers. The period is expected to last no longer than 30 days following the issue date of the securities, which is set for November 30, 2029.
During this time, the Stabilisation Managers may over-allot securities or conduct transactions to support the market price of the securities at a level higher than what might otherwise prevail. However, there is no guarantee that stabilisation will occur, and if initiated, it can be discontinued at any time. All stabilisation actions will comply with applicable laws and rules.
The aggregate nominal amount for the securities is described as EUR Benchmark, with an initial public offer (IPO) price range of 97.75% to 98.00%. The securities will be traded over the counter (OTC), with the specific venue to be confirmed later.
This pre-stabilisation announcement is for informational purposes only and is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of Eramet SA. The offer and the securities are directed at persons outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional investment experience or are high net worth individuals, as defined under the Financial Services and Markets Act 2000.
Additionally, the announcement and offer are targeted at qualified investors in the European Economic Area (EEA) and the UK, in accordance with the EEA Prospectus Regulation and the UK Prospectus Regulation, respectively. It is emphasized that the securities have not been registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold in the United States without registration or an exemption from registration. Consequently, there will be no public offering of the securities in the United States.
This news is based on a press release statement from Natixis, the Stabilisation Coordinator for this financial undertaking.
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