par Peugeot Invest (EPA:PEUG)
Peugeot Invest successfully sold half of its stake in SPIE
Not for publication, distribution or release in the United States of America, Canada, Australia, South Africa or
Japan, or any other jurisdiction where the distribution or release would be unlawful
Neuilly-sur-Seine, March 18, 2025
Peugeot Invest successfully sold half of its stake in SPIE
Peugeot Invest announces the successful sale of 4,250,000 shares in SPIE, representing approximately 2.5% of the company’s share capital as of December 31, 2024. The placement was carried out through an accelerated bookbuilding process with institutional investors at a price of €38.8 per share, generating total proceeds of approximately €164.9 million (the “Placement”).
Following the Placement, Peugeot Invest holds approximately 2,5% of SPIE’s share capital. Peugeot Invest remains confident in SPIE’s outlook and will continue to support and benefit from its future value creation. In accordance with its governance agreements with the company, Peugeot Invest will no longer be represented on SPIE’s Board of Directors. As part of this transaction, Peugeot Invest has committed to a 180-day lock-up period following the settlement and delivery of the Placement of the shares, subject to customary exceptions.
Jean-Charles Douin, CEO of Peugeot Invest, commented: "Since our initial investment in 2017, SPIE’s development has been remarkable. Portfolio rotation is a key pillar of our strategy, and we saw an opportunity to crystallize part of our gains. SPIE benefits from highly favorable market dynamics, and we have full confidence in the strategy executed by its experienced and highly competent management team."
SPIE shares are listed on the Euronext Paris regulated market (ISIN: FR0012757854).
BNP Paribas and Morgan Stanley acted as joint bookrunners for the transaction. Settlement and delivery of the shares are scheduled for March 20, 2025.
This press release is for information purposes only and does not constitute an offer of securities, and the share Placement is strictly reserved for qualified investors as defined under Article 2(e) of EU Regulation (EU) 2017/1129, but also to international institutional investors, and under Article L.4112-1° of the French Monetary and Financial Code.
ABOUT PEUGEOT INVEST
Peugeot Invest is an investment company listed on Euronext and is majority-owned by Établissements Peugeot Frères. Through its Peugeot 1810 subsidiary, Peugeot Invest is one of the leading shareholders in Stellantis and Forvia, and it follows a minority and long-term investment strategy. Peugeot Invest has shareholdings in listed companies (SPIE, Robertet, LISI), unlisted companies (International SOS, Rothschild & Co), co-investments (Archimed,
JAB Holding) and investment funds.
INVESTOR RELATIONS Sébastien Coquard sebastien.coquard@peugeot-invest.com +33 1 84 13 87 20
PRESS CONTACT
Leslie Jung-Isenwater peugeotinvest@image7.fr +33 6 78 700 555
Disclaimer
The press release is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”).
The securities have not been and will not be offered or sold, directly or indirectly, to the public in France (other than to qualified investors). Any offer or sale of securities or distribution of offering documents has been and will be made in France only to qualified investors, as defined by article 2(e) of the Prospectus Regulation and in accordance with articles L.411-1 and L.411-2 of the French Monetary and Financial Code.
In member states of the European Economic Area and in the United Kingdom, this communication and any offer if made subsequently is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.
This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (together with the persons mentioned in (i), the “authorised persons”), with the exception of any other person.
Securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the securities in the United States in connection with this transaction.
Securities referred to in this announcement have not been, and will not be offered or sold in Australia, Japan or Canada (except as permitted by Canadian securities laws). Information herein does not constitute an offer to buy any securities in Australia, Japan or Canada.
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The release, publication or distribution of this press release generally may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. The Managers did not take any action to allow offer of SPIE shares or distribution of this press release in any jurisdiction where any such action would be required. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Any investment decision to purchase SPIE shares must be made solely on the basis of publicly available information regarding SPIE. Such information is not the responsibility of the Managers.
Distribution, publication or release of this press release are forbidden in any jurisdiction where such distribution or release would be unlawful.