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LONDON - Societe Generale (OTC:SCGLY), acting as Stabilisation Coordinator, has announced the possibility of market stabilization activities for the newly issued bonds of construction company ACS. The stabilization period commenced today, and may continue until July 11, 2025, as per the details revealed in a recent statement.
The securities in question are ACS bonds with an aggregate nominal amount of EUR 500 million, featuring a 3.75% coupon and a maturity date set for June 11, 2030. The offer price for these bonds is listed at 99.299. Stabilisation Manager SG CIB will oversee the process, which aims to support the market price of the securities post-launch.
Stabilization maneuvers may include over-allotment of the securities, or transactions that sustain the market price at a level above what might naturally prevail. However, there is no certainty that stabilization will occur, and if initiated, it can be halted at any time. Any such actions will be in strict compliance with applicable laws and regulations.
This announcement serves as an informational notice and is not an invitation or offer to underwrite, subscribe for, or acquire securities of ACS. The potential stabilization activities are targeted at specific individuals and entities 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.
The communication stresses that the securities have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold within the United States absent registration or an exemption from registration. No public offer of these securities will be made in the United States.
The information is based on a press release statement and is intended to inform interested parties of the potential market stabilization and its parameters, without promoting the securities or the actions of Societe Generale or ACS.
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