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LONDON - Societe Generale (OTC:SCGLY) has made a pre-stabilisation announcement regarding the securities of Legrand SA (EPA:LEGD), a French electrical and digital building infrastructures company. The bank, acting as the Stabilisation Coordinator, disclosed that stabilisation activities may be undertaken by the appointed Stabilisation Manager(s) to support the market price of Legrand’s securities.
The securities in question consist of a EUR 500 million aggregate nominal amount, featuring a 3.625% fixed annual coupon and a maturity date set for March 19, 2035. The offer price has been set at 99.235%. Stabilisation, if initiated, is expected to commence today and may continue until April 18, 2025, at the latest.
Societe Generale’s SG CIB division will manage the stabilisation process. During this period, the Stabilisation Manager(s) may over-allot the securities or conduct transactions to maintain the securities’ market price at a level higher than what might otherwise naturally occur. However, there is no certainty that stabilisation will take place, and if started, it can be discontinued at any time. Any stabilisation actions or over-allotment will be carried out in compliance with applicable laws and regulations.
The announcement emphasizes that this information is purely for informational purposes and should not be considered an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of Legrand SA in any jurisdiction. The securities offer is directed specifically at persons outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional experience in investment matters or are high net worth individuals as defined by the Financial Services and Markets Act 2000.
Furthermore, the securities have not been and will not be registered under the United States Securities Act of 1933, and as such, they may not be offered or sold within the United States absent registration or an exemption from registration. There will be no public offering of these securities in the United States.
This information is based on a press release statement and is intended to provide factual news without any endorsement of claims.
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