BOUYGUES: Bouygues successfully completes sale of Alstom shares
Press release – Paris 12/09/2019 Bouygues successfully
completes sale of Alstom shares
Not for distribution, directly or indirectly, in
the United States, Canada, Australia or Japan
Bouygues S.A. (“Bouygues”)
announces the successful sale of 29,150,000 shares in Alstom S.A.
(“Alstom”), representing 13.0% of its share
capital, at a price of 37 euros per share (i.e., a total amount of
1,079 million euros) by way of an accelerated book building
involving institutional investors.
Following this transaction, Bouygues will remain
Alstom’s main shareholder with 14.7% of the share capital. Olivier
Bouygues and Bouygues S.A will remain Board members of Alstom.
Bouygues undertakes with the banks in charge of the placement to a
180-day lock up for its remaining Alstom shares, subject to
customary exceptions.
Commenting on this sale of shares, Martin
Bouygues, Chairman and CEO, said: “I am delighted with the outcome
of this transaction. It further demonstrates investors’ confidence
in Alstom’s management team and its ability to successfully
implement its new strategy « Alstom in Motion » presented
on June 24th 2019 to be the leading global innovative player for a
sustainable and smart mobility”.
DISCLAIMER
- The sale of Alstom shares was considered by Bouygues SA, before
its disclosure, as non-public information within the meaning of the
applicable regulations (Article 7.1 of EU Regulation 596/2014,
April 16, 2014).Responsible for notification: Arnauld van Eeckhout,
General Counsel.
- This press release does not constitute an offer to sell, and
the offer of Alstom shares by Bouygues does not constitute a public
offering.
No communication and no information in respect
of the sale by Bouygues of Alstom 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. The offer or
sale of the Alstom shares by Bouygues may be subject to specific
legal or regulatory restrictions in certain jurisdictions.
Bouygues, its shareholders and its affiliates take no
responsibility for any violation of any such restrictions by any
person.
This press release does not constitute an offer
or a solicitation to sell or subscribe requiring a prospectus
within the meaning of Regulation (EU) 2017/1129 of the European
Parliament and of the Council of June 14, 2017 (the “Prospectus
Regulation”).
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.
In France, the offer and sale of the Alstom
shares by Bouygues will be carried out through an offering to
qualified investors, in accordance with article L.411-2, II of the
French Monetary and Financial Code and other applicable laws and
regulations. There will be no public offering in France.
With respect to the member states of the
European Economic Area, other than France, no action has been or
will be taken in order to permit a public offer of the securities
which would require the publication of a prospectus in one of such
Member States. In Member States, this press release and any offer
if made subsequently are directed exclusively at persons who are
“qualified investors” and acting for their own account within the
meaning of the Prospectus Regulation.
In the United Kingdom, this press release is not
an invitation nor an inducement to engage in investment activity
for the purpose of Section 21 of the Financial Services and Markets
Act 2000, as amended (FSMA). This press release is directed only at
(i) persons outside the United Kingdom, (ii) investment
professionals falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
Order), (iii) persons referred to in Article 49(2) (a) to (d) of
the Order (high net worth entities, non-registered associations,
etc.) and (iv) other persons to whom this document may be lawfully
communicated (all persons listed in (i), (ii), (iii) and (iv) above
being referred to as Relevant Persons). The securities of Alstom
described herein are available only to, and any invitation, offer
or agreement to subscribe, purchase or otherwise acquire such
securities will be engaged in only with Relevant Persons. Any
person who is not a Relevant Person must not act or rely on this
document or any of its contents.
This press release does not constitute or form a
part of any offer or solicitation to purchase or subscribe for
securities in the United States. Securities may not be
offered or sold in the United States unless they are registered
under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), or exempt from registration. The shares of Alstom have
not been and are not being registered under the Securities Act and
neither Bouygues, nor any of its shareholders or its affiliates
intend to register any portion of the proposed offering in the
United States or to conduct a public offering of securities in the
United States.
Any investment decision to buy shares in Alstom
must be made solely on the basis of publicly available information
regarding Alstom. Such information is not the responsibility
of Bouygues, BNP PARIBAS, J.P. Morgan Securities plc, Merrill Lynch
International or Société Générale and has not been independently
verified by Bouygues, BNP PARIBAS, J.P. Morgan Securities plc,
Merrill Lynch International or Société Générale
BNP PARIBAS, J.P. Morgan Securities plc, Merrill
Lynch International and Société Générale are acting for Bouygues
and no one else in connection with the placing and will not be
responsible to anyone other than Bouygues for providing the
protections afforded to clients of BNP PARIBAS, J.P. Morgan
Securities plc, Merrill Lynch International and Société Générale
nor for providing advice in connection with the placing.
This press release may not be published,
forwarded or distributed in the United States, Canada, Australia or
Japan.
ABOUT BOUYGUES
Bouygues is a diversified services group with a
strong corporate culture whose businesses are organized around
three sectors of activity: Construction, with Bouygues Construction
(building & civil works and energies & services),
Bouygues Immobilier (property development) and Colas (roads);
Telecoms, with Bouygues Telecom, and Media, with TF1.
PRESS CONTACT:presse@bouygues.com • Tel: +33 (0)1 44 20 12
01
INVESTORS CONTACT:investors@bouygues.com • Tel: +33 (0)1 44 20
10 79
BOUYGUES SA • 32 avenue Hoche • 75378 Paris CEDEX 08 •
bouygues.com
- Bouygues successfully completes sale of Alstom shares
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