Euronext célèbre le succès des opérations d’augmentation de capital de PSA Peugeot Citroën par une cérémonie d’ouverture des marchés d’Euronext à Paris

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Paris – 13 June 2014 – Euronext today congratulated PSA Peugeot Citroën, Europe’s second largest automaker, on its successful capital increase. To celebrate, Jean-Baptiste de Chatillon, CFO of PSA Peugeot Citroën rang the bell marking the opening of trading on markets in Paris, joined by financial advisors, legal advisors and the Euronext listings team.

The capital increase with preferred subscription rights raised €1.935 billion through Euronext. It combined two increases, reserved to Dongfeng Motor Group through Donfeng Motor (Hong Kong) International Co., Limited (DMHK) and to Sogepa, a company wholly owned by the French State, representing a total amount of €1.048 billion and a free allocation of equity warrants. Proceeds of the transactions will be used to deploy PSA’s “Back in the Race” programme.

The €1.953 billion capital increase was launched 29 April 2014 and ended on 14 May 2014, triggering orders totalling €2.82 billion for a subscription ratio of 145%. Altogether 284,720,744 shares were subscribed by irrevocable entitlement and 132,262,294 new shares were requested on a  basis subject to reduction. The latter will be only partially satisfied in an amount corresponding to 3,785,607 new shares.

Settlement/delivery of the new shares and their admission to trading on Euronext Paris (Compartment A) took place on 23 May 2014. PSA Peugeot Citroën’s capital now totals 783,088,675 shares with a nominal value of €1 each. All shares are traded under ISIN code FR0000121501.

Marc Lefèvre, Head of European Business Development and Client Coverage, European Listings, Euronext, said: “Euronext is delighted with the success of PSA Peugeot Citroën’s capital increase, which has raised the capital the Group needs to deploy its business development programme. Equity markets are an efficient means of raising capital to finance issuers’ growth and accelerate their projects. After record bond issues in recent weeks in Paris, this transaction illustrates once again the range of solutions offered by Euronext to companies seeking to innovate and pursue growth.”

During the ceremony, Jean-Baptiste de Chatillon, CFO of PSA Peugeot Citroën added: “Our capital increase was 145% oversubscribed, making it a real success. Today we have the resources we need to step up the pace of recovery and return to profitability in short order.”
 

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