Lucid files for 1-for-10 reverse stock split requiring shareholder approval
LONDON - The Toronto-Dominion Bank (TSX:TD), acting as the Stabilisation Coordinator, announced today that it has initiated the pre-stabilisation period for KfW’s upcoming USD benchmark bond, which is guaranteed by the Federal Republic of Germany and set to mature in July 2030. The stabilisation period, which aims to support the market price of the securities, began on the date of the announcement and is expected to last no longer than June 5, 2025.
In the pre-stabilisation notice, the Toronto-Dominion Bank disclosed that other Stabilisation Managers involved include BNP PARIBAS, J.P. Morgan SE, and Nomura Financial Products Europe GmbH. These institutions may engage in transactions to maintain the securities’ market price during the stabilisation period at levels above those that might otherwise prevail in the open market.
The offer price of the securities will be confirmed in due course, and the stabilisation actions, which could include over-allotment, will be conducted in compliance with all applicable laws and rules. It is important to note that there is no certainty that stabilisation will occur, and if initiated, it may be discontinued at any time.
This announcement serves as an informational notice and not as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The offer is directed at persons outside the United Kingdom (TADAWUL:4280), as well as certain qualified investors within the UK, in accordance with the Financial Services and Markets Act 2000.
The securities mentioned are not being offered for sale in the United States and have not been registered under the United States Securities Act of 1933. Consequently, they may not be offered or sold in the U.S. without registration or an applicable exemption from the registration requirements. There will be no public offering of these securities in the United States.
This information, based on a press release statement, is provided without any endorsement of the claims and is intended for individuals with professional investment experience or those who are high net worth individuals as specified under relevant regulations.
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