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LONDON - Societe Generale (OTC:SCGLY), the French multinational banking and financial services company, has announced the commencement of stabilization measures for the securities of NAVOI MINING AND METALLURGICAL COMPANY ("NMMC"), a joint-stock company. The stabilization period began today and is expected to last until June 13, 2025.
The aggregate nominal amount of the securities subject to stabilization is USD 500 million. Societe Generale, acting as the Stabilisation Coordinator, has informed the market that SG CIB, the investment banking division of Societe Generale Group, will serve as the Stabilisation Manager(s).
During the stabilization period, SG CIB may over-allot or effect transactions to support the market price of the securities at a level higher than that which might otherwise prevail. However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time. All stabilization actions or over-allotments will be conducted in accordance with applicable laws and rules.
This announcement does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of NMMC. The securities are being offered only to persons outside the United Kingdom (TADAWUL:4280) and to those within the UK who have professional experience in investment matters or are high net worth individuals as described under the Financial Services and Markets Act 2000.
The announcement further clarifies that the securities have not been, and will not be, registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of these securities in the United States.
This stabilization notice is based on a press release statement and is provided for informational purposes only. It does not serve as an endorsement of the securities or imply any future performance. Investors are advised to exercise due diligence and consider the stabilization measures as one of many factors in their investment decision-making process.
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