PARIS - Societe Generale (OTC:SCGLY) SA has made a public announcement today indicating that it may engage in market stabilization activities for its securities. The bank, acting through its Stabilisation Coordinator Rupert Carter, has communicated that stabilization actions are anticipated to commence today and will not extend beyond February 14, 2025.
The securities in question have not been detailed in terms of volume or specific terms, but are described as having an aggregate nominal amount set at a Euro Benchmark. The stabilization process will be managed by SG CIB, Societe Generale’s investment banking division.
Stabilization maneuvers are a regulatory mechanism allowing underwriters to buy shares in the open market after a new offering to support the market price. The announcement clarifies that while the Stabilisation Manager(s) may over-allot or effect transactions to support the market price, there is no certainty that stabilization will occur. If initiated, such activities may be halted at any time.
The notice provided by Societe Generale underscores that any stabilization actions or over-allotment will be executed in compliance with all applicable laws and rules. The bank further clarifies that the announcement itself is not an offer for sale or an invitation to purchase securities.
Societe Generale’s message is directed specifically at persons outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional experience in investment matters or are high net worth individuals, as defined by local regulations. Moreover, the bank stresses that the securities will not be registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold within the United States without an exemption from registration.
This information, based on a press release statement, is intended for those with an interest in the securities market and Societe Generale’s financial maneuvers. It does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer.
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