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LONDON - Societe Generale (OTC:SCGLY) SA, acting as the Stabilisation Coordinator, has announced the potential stabilization of AT&T Inc (NYSE:T).’s securities starting today. The stabilization measures, which could include over-allotment, aim to support the market price of the securities post-offering.
The stabilization period, according to Societe Generale, is set to commence on March 24, 2025, and is expected to last no longer than April 30, 2025. During this time, the Stabilisation Manager(s), SG CIB in this case, may engage in transactions to maintain the securities’ market price above levels that might otherwise prevail in the open market. However, there is no assurance that these activities will take place, and if initiated, they can be discontinued at any time.
The announcement specifies that the stabilization actions and any over-allotment will be undertaken in compliance with all applicable laws and regulations. The exact details of the securities, including aggregate nominal amounts and descriptions, were not disclosed in the statement.
This stabilization notice is informational and should not be considered an offer to underwrite or acquire securities. It is directed at persons outside the United Kingdom (TADAWUL:4280) or those within the UK with professional investment experience or high net worth individuals as defined by the Financial Services and Markets Act 2000.
Furthermore, 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. As such, they may not be offered or sold within the United States absent an exemption from or registration under the Act.
The information contained in this article is based on a press release statement and is intended for an audience with professional expertise in financial and investment matters.
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