Euronext welcomes Paulic Meunerie to Euronext Growth

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Paris 26 February 2020 – Euronext today rang the opening bell with Paulic Meunerie, a longstanding producer of wheat and buckwheat flour in Brittany, to celebrate its listing on Euronext Growth (ticker code ALPAU) on 18 February 2020.

Paulic Meunerie is a family-owned milling group known for its premium branded flours. Based in Brittany in western France, it currently has a client base of over 700 professionals in a range of markets—industrial and artisan bakeries, in-house bakeries at major retailers, restaurants, and more. In 2018, its three mills produced more than 22,000 tons of flour, representing total sales of €8.2 million. The company’s Oxygreen® process uses ozone to purify wheat grains, reducing pesticide residues by 20 and mycotoxins by 30 to 50%. This has enabled Paulic Meunerie to position itself in the premium market, focusing on health and nutrition as well as the fast-growing and profitable market for farmed insect feed.

Paulic Meunerie (ticker code: ALPAU) was listed on 18 February 2020 through the admission to trading of 4,148,142 shares making up its capital, including  1,188,142 new shares issued as part of a Global Offering[1], after exercise of the extension option and full exercise of the over-allotment option.

The admission and issue price of Paulic Meunerie shares was set at €6.32 per share. Market capitalisation was €26.2 million on the day of listing, and the offering raised a total of €7.5 million.

The IPO was a resounding success with individual investors, with the Open Price Offer oversubscribed 6.3 times for a total €3.8 million.

In celebrating Paulic Meunerie’s listing, the company’s Chairman and CEO Jean Paulic said: “I would like to thank all of the shareholders who have demonstrated their trust by taking part in our IPO, and in so doing becoming part of an exciting adventure on markets offering high added value. All of us—our employees, our partners and myself—are proud to be here for the IPO, and to celebrate a key step in the growth of our family-owned company. A company that I’m confident has bright days ahead.”

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Caption: Paulic Meunerie Chairman and CEO Jean Paulic and his team rang the opening bell this morning to celebrate the company’s listing. 

[1] The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.

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