PARIS, September 6, 2017 /PRNewswire/ --
Clayton, Dubilier & Rice ("CD&R") and Ardian announce that they have sold 8,000,000 SPIE shares (the "Shares") to FFP, a listed company controlled by the Peugeot family Group, representing approximately 5.2% of SPIE share capital, at a price of 23.660 euros per share (the "Sale") raising aggregate gross proceeds of approximately 189,280,000 million euros. Closing for the Sale is expected to occur on 14 September 2017.
Following the sale, it is expected that CD&R and Ardian will retain approximately 5.0% of SPIE share capital through Clayax Acquisition Luxembourg 5 S.C.A. ("Clayax"), the entity through which CD&R and Ardian hold their SPIE shares.
FFP has undertaken that, without the prior written consent of Clayax and, subject to certain customary exceptions, it will not dispose of any SPIE shares for a period of 60 days following completion of the Sale.
Similarly, Clayax has undertaken that, without the prior written consent of FFP and, subject to certain customary exceptions (in particular any sale at a price equal to or above 23.66 euros per share), it will not dispose of any SPIE shares for a period of 30 days following completion of the Sale.
FFP is an investment company listed on Euronext, majority-owned by Etablissements Peugeot Freres and managed by Robert Peugeot. FFP is one of the leading shareholders of Peugeot SA and pursues a minority shareholdings and long-term investment policy. FFP holds participations in listed companies (LISI, Zodiac Aerospace, DKSH, SEB or ORPEA), non-listed companies (IHS or Eren Renewable Energy), and private equity funds.
This press release does not constitute an offer to sell, and the Sale of SPIE shares by Clayax does not constitute a public offering.
No communication and no information in respect of the sale by Clayax of SPIE shares may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required.
This announcement is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of November 4, 2003, as implemented in each member State of the European Economic Area (the "Prospectus Directive").
This announcement does not, and shall not, in any circumstances constitute a public offering, nor an offer to sell or to subscribe, nor a solicitation to offer to purchase or to subscribe securities in any jurisdiction.
This press release may not be published, forwarded or distributed in the United States, Canada, Australia or Japan.
