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PARIS - Societe Generale (OTC:SCGLY) SA has announced that it may engage in stabilization activities for its securities starting today, in accordance with European and UK regulations. The French multinational investment bank and financial services company disclosed that SG CIB, acting as the Stabilization Manager, has the option to over-allot securities or undertake transactions to support the market price during the stabilization period, which begins on Tuesday, May 6, 2025, and is expected to end by Sunday, June 13, 2025.
The bank’s statement clarified that these measures are intended to maintain market stability and could result in trading at prices higher than those that might prevail in the open market. However, there is no guarantee that stabilization will occur, and if initiated, it can be halted at any time, in compliance with all applicable laws and rules.
The announcement emphasized that the potential stabilization would be carried out under the framework of the Commission Delegated Regulation (EU) 2016/1052, part of the Market Abuse Regulation (EU/596/2014), and the UK FCA Stabilisation Binding Technical Standards.
The securities in question have not been detailed in terms of their aggregate nominal amount, coupon, or maturity, and the offer price was not disclosed. Societe Generale also made it clear that the announcement is purely for informational purposes and does not constitute an offer to underwrite, subscribe for, or acquire securities.
The communication regarding the offer of these securities is directed at persons outside the United Kingdom (TADAWUL:4280) and certain qualified investors within the UK and EEA Member States in accordance with the Financial Services and Markets Act 2000 and the EU/UK Prospectus Regulation.
Societe Generale’s announcement is based on a press release statement and should not be interpreted as an offer of securities for sale in the United States, as the securities have not been registered under the United States Securities Act of 1933 and are not permitted to be sold in the US without registration or an exemption from registration. There will be no public offer of these securities in the United States.
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