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LONDON - Societe Generale (OTC:SCGLY) SA has initiated a stabilization period for ICADE securities, starting today, with the intention to support the market price during the offer phase. The French banking giant, acting as the Stabilization Coordinator, disclosed that the stabilization activities are expected to conclude by next Wednesday.
The securities in question, issued by ICADE, have an aggregate nominal amount of EUR 500 million. The stabilization maneuvers, conducted by SG CIB as the Stabilization Manager, may include over-allotment of securities, which is permissible under applicable laws, to maintain pricing levels above those that might naturally occur in the market.
While stabilization efforts are set to begin today, there is no assurance that they will take place, and if initiated, they can be halted at any time. These actions are strictly regulated, adhering to all relevant laws and rules to ensure fair market practices.
This announcement serves as an informational notice and does not represent an invitation or offer to underwrite, subscribe for, or acquire securities in any jurisdiction. It is directed at persons outside the United Kingdom (TADAWUL:4280) and those within it who have professional investment experience or are high net worth individuals as defined by the Financial Services and Markets Act 2000.
Furthermore, the offer of these securities is not extended to the United States, as they have not been registered under the United States Securities Act of 1933. Consequently, the securities cannot be offered or sold within the United States without registration or an exemption from such registration requirements. There will be no public offering of these securities in the United States.
This stabilization notice is based on a press release statement and is intended to inform market participants and interested parties of the current actions taken by Societe Generale in relation to ICADE securities. It is crucial to note that the information provided should not be acted upon without proper consultation and is not a solicitation for investment.
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