Paris – 7 January 2013 – EnterNext, the Euronext subsidiary designed to promote and grow the market for SMEs, congratulates Figeac Aéro, specialised in precision machining for the aerospace industry, on its listing on Alternext in Paris.
Founded in 1989, Figeac Aéro is a European leader in aerospace subassemblies, supplying parts to the sector’s largest contenders.
The group specialises in structural parts made of light alloys and hard metals, engine parts, landing gear and subassemblies, which it manufactures in modern, efficient production facilities at the cutting edge of the Europe’s aerospace sector.
The company operates four recently upgraded production sites in France, located at the heart of Europe’s flagship production area for aerospace, a best-cost unit in Tunisia and a sales office in the United States.
The listing of Figeac Aéro (ticker symbol: ALFIG) followed a successful private placement with institutional investors of 1,910,000 common shares including 1,580,000 newly issued shares and the sale of 330,000 existing shares. Following this transaction, the 26,580,000 existing shares making up the company’s equity were admitted to trading on Alternext in Paris on 23 December 2013.
The admission and issue price of Figeac Aéro shares was set at €9.20 per share. Based on shares admitted to trading on Alternext on the day of listing, market capitalisation stood at around €244.5 million. Altogether €17.6 million were raised, including €14.5 million through a capital increase.
“We are delighted to welcome Figeac Aéro—a leading player in subcontracted services for the aerospace industry—to our European market,” said EnterNext CEO Eric Forest. “The company operates in a leading-edge sector that is expanding rapidly and serves strategic international markets. Our teams welcome this opportunity to support Figeac Aéro in a move that will enable it to accelerate its growth through the stock exchange.”
Jean-Claude Maillard, Chairman and CEO of Figeac Aéro, noted: “Today, after 25 years dedicated to making Figeac Aéro into the partner of choice for major aircraft manufacturers, we are proud to list on Alternext. The increased financial resources that result will allow us to step up the pace of growth and above all to deploy our strategy aimed at becoming a world leader in subcontracted services to the aerospace industry. I would like to extend warm thanks to all of the institutional investors that have taken part in our capital increase.”