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LONDON - Societe Generale (OTC:SCGLY) SA has initiated a stabilisation period for SPIE SA securities, starting today, with the potential to extend until June 27, 2025, as the Stabilisation Coordinator announced. The move is aimed at supporting the market price of the securities following their recent offer.
The stabilisation measures, managed by SG CIB, may include over-allotment of securities and transactions to maintain prices during the stabilisation period. However, the bank clarified that there is no guarantee that stabilisation will occur, and if initiated, it can be halted at any time.
The aggregate nominal amount for the offer is set at a benchmark level in euros, but specific details regarding the coupon, maturity, and offer price were not disclosed.
This stabilisation action is conducted in compliance with the Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014) and the UK FCA Stabilisation Binding Technical Standards. Such activities are strictly regulated to ensure they adhere to applicable laws and rules.
The announcement is informational and is not an invitation or offer to underwrite, subscribe for, or acquire securities of SPIE SA. The focus is on 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 the Financial Services and Markets Act 2000.
Furthermore, the securities have not been registered under the United States Securities Act of 1933 and, as such, cannot be offered or sold within the United States without registration or an exemption from registration. There will be no public offering of these securities in the United States.
This information, based on a press release statement, is provided by RNS, the news service of the London Stock Exchange (LON:LSEG) and is approved by the Financial Conduct Authority in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply.
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