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Mersen — Share Issue/Capital Change 2018
Mar 15, 2018
1518_iss_2018-03-15_36a213af-525b-4226-8f26-4ff5c772f1d8.pdf
Share Issue/Capital Change
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PRESS RELEASE
MERSEN HAS REPURCHASED C.1% OF ITS OWN SHARES
UNDER THE SHARE PLACEMENT COMPLETED BY ARDIAN AND SOFINA
PARIS, MARCH 15, 2018 – Mersen (Euronext FR0000039620 – MRN), a global expert in electrical power and advanced materials, announced that two of its shareholders, Ardian and Sofina, have successfully and jointly sold 2.3 million of Mersen shares representing approximately 11.1 % of the Group's share capital, at a price of €35 per share, in a private placement to several institutional investors executed by way of an accelerated book-building process.
As part of the share placement, Mersen Board of Directors decided to use the authorization granted to it in connection with the stock repurchase program approved by the Combined General Meeting of May 18, 2017, by purchasing 200,000 shares from Ardian and Sofina representing c.1% of its share capital, within the placement at the placement price, ie €35 per share, for a total of €7 million. This shares will be available for delivery to employees under some stock options and performance shares plans. Lazard Frères is acting as advisor for Mersen.
Following this transaction, Ardian and Sofina's remaining interest therefore represents respectively 10.3% and 4.3% of the share capital.
As a result, this transaction is expected to increase the float, enabling more liquidity and wider access to the share for investors.
To the best of the Company's knowledge, and based on the information disclosed in the 2017 Reference Document files with the AMF, Mersen's shareholders structure would be the following:
| Bpifrance Participations | 2,242,770 | |
|---|---|---|
| Caisse des dépôts et Consignations | 973,719 | |
| Sub-total (Bpi +CdC) | 3,216,489 | 15.6% |
| ACF I Investissement (Ardian) | 2,121,055 | 10.3% |
| Norges Bank | 1,026,773 | 5.0% |
| Sofina | 883,101 | 4.3% |
| Other institutional investors | 11,386,509 | 55.2% |
| Individual and employee shareholders | 1,784,679 | 8.6% |
| Treasury shares | 218,435 | 1.1% |
| Total | 20,637,041 |
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Pursuant to the Commission implementing regulation (EU) 2016/1055 of June 29th, 2016, laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council, this press release may contain inside information and has been released on March 15, 2018 at 8:00 a.m. (CET).
ABOUT MERSEN
A global expert in electrical power and advanced materials, Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing performance in sectors such as energy, electronics, transportation, chemicals & pharmaceuticals and process industries.
MERSEN IS LISTED ON EURONEXT PARIS – COMPARTMENT B
INVESTOR RELATIONS MEDIA RELATIONS VP, Communication Tel. + 33 (0)1 46 91 54 40 Tel. +33 (0)1 47 03 68 10
Véronique Boca Stanislas Mulliez/Guillaume Granier
Mersen FTI Consulting Strategic Communications Email: [email protected] Email: [email protected] / [email protected]