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PARIS - Societe Generale (OTC:SCGLY) has disclosed its role as the Stabilisation Coordinator for Legrand SA (EPA:LEGD), indicating potential market support activities for the company’s securities. The bank may engage in stabilisation measures starting today, with the possibility of extending these efforts until April 18, 2025.
The announcement pertains to a EUR 500 million offering by Legrand SA, a prominent player in the electrical and digital building infrastructures sector. However, the specific details regarding the coupon rate and the maturity of the securities have not been disclosed.
Stabilisation activities, managed by SG CIB, are aimed at supporting the market price of the securities over the stabilisation period to prevent price drops that could occur under normal market conditions. These measures may include over-allotment of securities, which is legally permissible, and subsequent transactions to maintain pricing levels.
It is important to note that while stabilisation efforts are planned, there is no guarantee that they will be enacted, and if initiated, they can be halted at any time without prior notice. All actions taken will be in strict compliance with applicable laws and regulations.
The communication emphasizes that this information does not constitute an offer to buy or sell securities and is targeted at specific individuals and entities outside the United Kingdom (TADAWUL:4280) or within the UK who possess professional investment experience or are classified as high net worth individuals.
The announcement also clarifies that the securities mentioned are not being offered for sale in the United States and have not been registered under the U.S. Securities Act of 1933. As such, they cannot be sold in the U.S. without registration or an exemption from registration, and no public offering will be made in the U.S.
This pre-stabilisation notification is based on a press release statement and is intended for informational purposes only. It is not an invitation or offer to underwrite or acquire securities in any jurisdiction.
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