Showroomprive.com
Showroomprive.com: Successful capital increase Showroomprivé raises 9.9
million euros
05-Aug-2020 / 18:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
C
SUCCESSFUL CAPITAL INCREASE
Showroompriv?? raises 9.9 million EUROS
La Plaine Saint Denis, 5 August 2020 - Showroomprivé (SRP Group), a leading
European online retailer specializing in fashion for the Digital Woman,
today announces the success of its capital increase with shareholder
preferential subscription rights, started on 17 July 2020.
The proceeds of the capital increase will be used by Showroomprivé to
finance the Company's and its subsidiaries general expenses, as part of the
strengthening of its financial structure under the agreement entered into on
29 April 2020 with the Group's banking partners. This operation marks the
final stage of the refinancing operations set out in the agreement.
David Dayan and Thierry Petit, Showroomprivé co-founders and co-CEOs, made
the following comments: "We're delighted by the resounding success of the
capital increase, enabling the Company to finalise the refinancing agreement
and strengthen our cash position. We would like to thank every Showroomprivé
shareholder for their continued trust. We are now in a solid financial
position that will enable us to embark on the next stages of our road map
with confidence."
At the end of the subscription period on 31 July 2020, the total gross
amount raised (issue premium included) came to
EUR 9,939,072.75, with the issue of 66,260,485 new shares at a subscription
price of EUR 0.15 each. Total demand amounted to approximately EUR 18.7
million, at a subscription rate of approximately 188%:
· 63,082,448 new shares were subscribed on a non-reducible basis (à titre
irréductible), representing 95.2% of the new shares to be issued; and
· 61,292,487 new shares were subscribed on a reducible basis (à titre
réductible) and will therefore be partially allocated in the amount of
3,178,037 new shares, representing 4.8% of new shares to be issued.
In accordance with their commitments[1] and after the scale of allotment has
been applied, Ancelle S.à.r.l (controlled by Monsieur David Dayan) and TP
Invest Holding S.à.r.l (controlled by Monsieur Thierry Petit) subscribed to
the capital increase (on an irreducible basis (à titre irréductible) and on
a reducible basis (à titre réductible)) for EUR 3,184,144.05 and
EUR 2,468,959.50 respectively, representing 21,227,627 new shares (32.03%
of the new shares to be issued) and 16,459,730 new shares (24.84 % of new
shares to be issued), respectively.
After completion of the capital increase, the founding directors, David
Dayan and Thierry Petit will directly or indirectly hold 24.76% and 17.82%
of the SRP Group capital[2], respectively.
Settlement and delivery of the new shares and their admission to trading on
the Euronext Paris regulated market (Compartment C) is set to take place on
7 August 2020. The new shares will carry current dividend rights (jouissance
courante) as from their issue and will entitle their holders to all
distributions decided by the Company as from that date. As soon as they are
issued, the shares shall be immediately considered equivalent to the
Company's existing shares and, as such, will be traded under the same
listing as the Company's existing shares (under ISIN code FR0013006558).
Following the capital increase, share capital will amount to
EUR 4,698,470.76 and will consist of 117,461,769 shares with a nominal
value of EUR 0.04 each.
Based on information available at this time, the breakdown of the SRP
Group's capital after completion of the capital increase is as follows:
Shareholders Number of % of the share
ordinary shares capital
Ancelle s.à.r.l 29,087,705 24.76%
Victoire 2,335,460 1.99%
Investissement
Cambon 2,079,930 1.77%
Financière
s.à.r.l
Thierry Petit 20,932,963 17.82%
Total Founders 54,436,058 46.34%
CRFP 20 10,386,255 8.84%
Total Concert 64,822,313 55.19%
Other 52,639,456 44.81%
shareholders
Total 117,461,769 100.00%
Public information
The Company has published a French language prospectus (the "Prospectus")
which has been approved by the French Financial Markets Authority ("AMF") on
16 July 2020 under number 20-351, as well as a Prospectus Supplement
approved by the AMF on 27 July 2020 under number 20-369, comprising a
securities note (note d'opération), a summary and the universal registration
document filed with the AMF on 30 April 2020 under number D.20-0438, as well
as an amendment to the universal registration document filed with the AMF on
16 July 2020 under number D.20-0438-A01.
Showroomprivé draws the public' attention to the risk factors set out in
Chapter 3 "Risk Factors" of the universal registration document, to section
2.7 of the URD amendment, and to section 2 "Risk Factors" of the securities
note (note d'opération).
The Prospectus is available free of charge at the Company's registered
office at 1 rue des Blés, ZAC Montjoie, 93212 La Plaine Saint-Denis. It can
also be viewed on the Company's website (www.showroomprivégroup.com) and the
AMF
website (www.amf-france.org [1]).
ABOUT SHOWROOMPRIVE.COM
Showroomprivé.com is a European player in event-driven online sales that is
innovative and specialized in fashion. Showroomprivé proposes a daily
selection of more than 2,000 partner brands over its mobile applications or
its Internet site in France and in six other countries. Since its creation
in 2006, the company has undergone quick growth.
Listed on the Euronext Paris market (code: SRP), Showroomprivé achieved a
gross business volume with all taxes included of more than 822 million euros
in 2019, and net revenue of 616 million euros. The Group employs more than
950 people.
For more information: https://www.showroomprivegroup.com [2]
CONTACTS
Showroomprivé ACTUS finance &
communication
François de Castelnau, Directeur Grégoire Saint-Marc,
financier Relations Investisseurs
investor.relations@showroomprive.net showroomprive@actus.fr
+33 1 53 67 36 94
Priscilla Le Minter, Communication Manon Clairet, Relations
Presse
priscilla.leminter@showroomprive.net mclairet@actus.fr
+33 1 76 21 50 16 +33 1 53 67 36 73
This press release is for information purposes only. This press release is
of a promotional nature, as defined by EU Regulation 2017/1129 of 14 June
2017, and should not be considered a public offering, an offer to subscribe,
an offer to sell or a solicitation of interest from the public, for the
purpose of a public offering of financial securities in any country.
Neither the New Shares, nor the preferential subscription rights have been
nor will they be registered under the US Securities Act of 1933, as amended
(the "Securities Act"), or with any market regulator in any state or other
jurisdiction in the United States. As such, the New Shares and the
preferential subscription rights may not be offered, sold, pledged,
delivered or otherwise assigned or transferred via any means whatsoever in
the United States, unless pursuant to an exemption provided by the
Securities Act and pursuant to the regulations applicable in each State.
Accordingly, the New Shares and preferential subscription rights will only
be offered and sold as part of offshore transactions, pursuant to Regulation
S under the Securities Act. The Universal Registration Document, the
amendment to the Universal Registration Document, the securities note, the
Prospectus summary and any other document drafted in connection with this
transaction must not be distributed in the United States.
The dissemination, publication or distribution of this press release in
certain countries may constitute a violation of the laws in force. The
information contained in this press release does not constitute an offer of
securities in France, the United States, Canada, Australia, or Japan, or in
any other country. This press release must not be published, sent or
distributed, directly or indirectly, within the United States, Canada,
Australia or Japan. This document does not constitute an offer to sell or a
public offering of Showroomprivé shares in the United States, or any other
country.
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[1] For more information, please see Section 4.1 of the Prospectus summary
appended hereto [3].
[2] Please note that the threshold crossings resulting from this operation
were the subject of an exemption from
the mandatory tender offer requirement (see decision no. 220C2134 published
on 24 June 2020).
Regulatory filing PDF file
File: Showroomprive.com: Successful capital increase Showroomprivé raises
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