THIS PRESS RELEASE IS NOT FOR PUBLICATION, DISTRIBUTION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, AUSTRALIA, OR JAPAN.
Gellainville, July 24, 2023
-
Full exercise of the over-allotment option for €1.5 million
-
Final amount of the transaction increased to €11.50 million (including €10.75 million in capital increase)
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Signature and implementation of a liquidity contract with TP ICAP
OSMOSUN (the ”
Company
), a leading player in seawater and brackish water desalination solutions using solar energy, announces the end of the early stabilization period and the full exercise by Portzamparc of the over-allotment option, as part of its initial public offering on the Euronext Growth® market in Paris (ISIN Code: FR001400IUV6 – Ticker: ALWTR).
This transaction gives rise to the sale of 114,999 existing shares at the offer price (6.50 euros per share) and the issue of 115,000 additional new ordinary shares at the offer price (6.50 euros per share), i.e. a total amount of €1.5 million, including a capital increase of €0.75 million.
As a result, the free float now represents approximately 22% of OSMOSUN’s share capital. The total number of ordinary shares offered as part of the Company’s initial public offering amounts to 1,763,331 shares, including 1,648,332 new shares and 114,999 shares sold, thus bringing the size of the operation to €11.5 million, including €10.75 million in capital increases following the settlement-delivery of the additional new ordinary shares scheduled for July 27, 2023.
END OF STABILIZATION PERIOD
In addition, the stabilization which began on July 10, 2023, ended on July 24, 2023 by anticipation. In accordance with the provisions of Article 6 of EU Delegated Regulation 2016/1052 of March 8, 2016, Portzamparc, in its capacity as stabilizing agent, declares that it has not carried out stabilization operations. Since the Company’s initial public offering, the OSMOSUN share price has increased by 57.7%.
DISTRIBUTION OF CAPITAL AND VOTING RIGHTS
|
Breakdown of capital and voting rights | ||
|
Number |
% | |
Marc Vergnet | 1,409,097 | 25.10 |
Maxime Haudebourg | 120,000 | 2.14 |
Mascara | 522,000 | 9.30 |
Development Capital Center (UI Investment) | 440 378 | 7.84 |
FCPU Loire Valley Invest (Go Capital) | 536,993 | 9.57 |
CAPELIN | 200,866 | 3.58 |
FCPI Famae Impact | 297,481 | 5.30 |
OKwind group | 260 307 | 4.64 |
Historical shareholders, managers and employees | 593 958 | 10.58 |
Audience | 1,232,502 | 21.96 |
|
Total |
5,613,582 |
100.00% |
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Company affiliated to Gaïa Impact Fund coming to the rights of the latter
SIGNATURE AND IMPLEMENTATION OF A LIQUIDITY AGREEMENT
OSMOSUN also announces that it has entrusted TP ICAP with the implementation of a liquidity contract, drawn up within the framework of the regulations in force, and in particular the decision of the Autorité des Marchés Financiers (”
MFA
2021-01 of June 22, 2021. This liquidity contract, in accordance with the AMAFI Code of Ethics, is concluded for a period of one year, renewable by tacit agreement, from July 25, 2023. For the implementation of this contract, the sum of €200,000 in cash has been allocated to a liquidity account opened with TP ICAP.
The execution of the liquidity contract may be suspended:
in the cases provided for in Article 5 of AMF Decision No. 2021-01 of June 22, 2021; And
at any time at the request of OSMOSUN, under its responsibility and in certain situations, such as the suspension of the share price, an exceptional market situation, if OSMOSUN no longer has authorization to buy back its shares or if the share price is no longer within the intervention ranges authorized by the general meeting of shareholders of the Company.
Furthermore, the liquidity contract may be terminated by OSMOSUN at any time and without notice, or by TP ICAP at any time with one month’s notice.
AVAILABILITY OF THE PROSPECTUS
Copies of the Prospectus approved by the AMF are available free of charge and on simple request at the registered office of the Company, 20 avenue Gustave Eiffel, 28630 Gellainville, as well as on the websites www.osmosun-bourse.com and www.amf-france.org. The approval of the Prospectus should not be considered as a favorable opinion on the securities offered.
Investors are invited to carefully consider the risk factors described in chapter 3 “Risk factors” of the Registration Document, in particular the risks related to the activity and the risks related to the competitive environment, as well as in chapter 3 “Risk factors” of the Securities Note.
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ABOUT OSMOSUN Created in 2014, OSMOSUN aims to become a key player in the “low carbon” water market in order to make drinking water accessible to all. OSMOSUN has developed a unique, economical, clean and sustainable patented solution for the desalination of seawater and brackish water that works with solar energy and without batteries. OSMOSUN® units can produce up to 50,000 m3 of water per day and are among the most energy efficient and economically competitive. As of December 31, 2022, 59 desalination units have been sold in 27 countries. In 2022, the Group recorded a turnover of 4.6 million euros. |
COMMUNICATIONS
|
Investor Relations Helene de Watteville [email protected] 01 53 67 36 33 |
Financial Press Relations Deborah Schwartz [email protected] 01 53 67 36 35 |
|
Specialized Press Relations Nadege Chapelin [email protected] 06 52 50 33 58 |
Find all the information on
www.osmosun-bourse.com
WARNING
The press release, and the information it contains, does not constitute an offer to sell or subscribe, or the solicitation of an order to buy or subscribe, shares of the Company in any country.
This press release constitutes a communication of a promotional nature and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017 (the ”
Rules Prospectus
“).
The approval of the Prospectus by the AMF does not constitute a favorable opinion on the Company.
This press release does not constitute and cannot be considered as constituting an offer to the public, an offer to purchase or to subscribe or as intended to solicit the interest of the public with a view to an operation by way of an offer to the public.
This press release does not constitute an offer to sell securities or any solicitation of offers to buy or subscribe for securities in the United States. Shares, or any other securities, of the Company may only be offered or sold in the United States following registration under the US Securities Act of 1933, as amended (the ”
US Securities Act
”), or in the context of an exemption from this registration obligation. The Company does not intend to register the offering in whole or in part in the United States or to make a public offering in the United States.
This announcement does not constitute an offer to the public of securities in the United Kingdom. In the United Kingdom, this information may not be distributed and is intended only for persons (i) who have professional experience in the field of investments governed by the provisions of section 19(5) of the Financial Services and Markets 2000 (Financial Promotion) Order 2005, as amended (the “
Arrangement
“), or (ii) to ”
high net worth entities
», «
unincorporated associations
“, or other persons to whom this document may lawfully be transmitted in accordance with section 49(2)(a) to (d) of the Order (all such persons are hereinafter referred to as ”
Persons concerned
“). In the UK, no one other than a Data Subject can act on this information. Any investment or investment activity to which this information refers may only be carried out by Relevant Persons. Persons distributing this information should ensure that such distribution is legally permitted.
This press release contains indications of the objectives of the Company as well as forward-looking statements. This information is not historical data and should not be interpreted as guarantees that the facts and data stated will occur. This information is based on data, assumptions and estimates considered reasonable by the Company. The latter operates in a competitive and rapidly changing environment. It is therefore not in a position to anticipate all the risks, uncertainties or other factors likely to affect its business, their potential impact on its business or to what extent the materialization of a risk or a combination of risks could have significantly different results from those mentioned in any forward-looking information. The Company draws investors’ attention to the fact that forward-looking statements do not in any way constitute a guarantee of its future performance and that its actual financial situation, results and cash flows as well as the evolution of the sector in which the Company operates may differ significantly from those proposed or suggested by the forward-looking statements contained in this document. Moreover, even if the financial situation of the Company, its results, its cash flows and the development of the sector in which it operates were in line with the forward-looking information contained in this document, these results or these developments may not be a reliable indication of the future results or developments of the Company. This information is given only as of the date of this press release. The Company makes no commitment to publish updates to this information or the assumptions on which it is based, except for any legal or regulatory obligation that may apply to it.
The distribution of this press release may, in certain countries, be subject to specific regulations. Consequently, persons physically present in these countries and in which the press release is broadcast, published or distributed must inform themselves and comply with these laws and regulations. This press release may not be published, transmitted or distributed, directly or indirectly, in the territory of the United States, Canada, Australia or Japan.
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