GTT: share placement carried out by Engie

( – Engie announces the successful placement, by hedging banks, of 1,994,107 GTT shares at a price of 137 euros per share, as part of the group’s hedging of its economic exposure under its residual stake of approximately 5.38% in GTT.

The energy group recalls having concluded forward sales contracts for a period of 18 months with Morgan Stanley Europe and Natixis (hedging banks) relating to these shares of the engineering company.

These forward sales allow Engie to sell, at maturity, its residual stake in GTT at a predetermined price while retaining full ownership of this stake and the related voting rights until the sale at maturity.

The shares sold to institutional investors as part of the placement by the hedging banks are borrowed by them on the market. Settlement and delivery operations for the placement are expected to take place on March 18.

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