For the first time since its initial public offering in May of 1997, Lafuma has launched a capital increase operation with pre-emptive subscription rights, for a total of 25.3 million ($30.4 mm).
- Number of shares issued: 478,035
- Issue price of new shares: 53
- Subscription ratio: 3 new shares for 10 existing shares
- The share subscription period extends from Monday, February 13 to Friday, February 24.
- Subscriptions subject to reduction will be permitted.
The offering has already been adopted by major shareholders, whose directors declared their intention to fully or partially exercise their rights and FORTIS PRIVATE EQUITY, who, in the framework of an agreement signed with the main family shareholders, has committed to a minimum investment amount of 7.1.
There are 3 objectives to this operation: To reinforce the groups ability to carry out acquisitions aimed at increasing its product and/or market expertise that specifically fit with its 4 business divisions; to foster organic growth mainly through international business but also to advance objectives in the launching of new product lines and new store openings under the main brand names; and lastly, to offer the group more financial flexibility on the frontier of a new growth phase.
This operation, managed and underwritten by CALYON and co-managed by SOCIETE GENERALE, received approval from the AMF (French Financial market regulator) under the approval number 06-034 dated February 8.
