(AOF) – The Lisi share (-9.83% to 21.55 euros) shows one of the biggest falls on the SRD market following the sale of around 4.08% of its capital at the price of 21 euros per share by Peugeot Invest (-0.30% to 98.50 euros). 1.9 million Lisi shares were sold for an amount of approximately 40 million euros as part of a placement carried out by the accelerated construction of an order book reserved for institutional investors.
Following this operation, the holding company which represents the interests of the Peugeot family holds approximately 10% of the capital and 5% of the voting rights of the group specializing in the design and manufacturing of assembly solutions.
This operation comes after the reorganization of Lisi’s shareholder structure, to which Peugeot Invest contributed alongside the other family shareholders (Kohler and Viellard) of the company last year. This capital reorganization allowed Peugeot Invest to sell part of its direct stake. As of December 30, 2022, the holding company held 19% of the capital of Lisi, directly and indirectly.
Peugeot Invest, represented within the company’s governance, indicates that it “will continue to play its role as an active shareholder and confirms its support for management and its strategy”. Peugeot Invest undertakes not to sell securities for a period of 180 days after settlement and delivery of the investment, subject to certain usual exceptions.
Lisi will reveal its annual results on February 22 after the close. Over the first 9 months of 2023, its turnover increased by 15.9% to 1.218 billion euros. Its annual revenues are expected to rise sharply and its “main financial indicators” should record an increase in absolute value. This latest increase, however, remains “conditioned by the favorable outcome of the current trade negotiations”. Finally, Lisi is counting on positive free cash flow.
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