Not for distribution, directly or indirectly, in the United States of America, Canada, Australia or Japan
Paris, June 14th, 2017. Lectra and André Harari announce the successful completion of the disposal by André Harari of his entire stake in Lectra, i.e. 5,206,851 shares, representing 16.6% of capital and 16.4% of net voting rights of Lectra, at a price of €24 per share, through a placement by way of an accelerated book building to institutional investors (the "Placement").
Following the Placement, the free float is increased from 63% of capital to more than 80% of capital, which should help increase the liquidity of the stock. Daniel Harari maintains his holding of 17.5% of capital.
As indicated in the press release published on June 13th, 2017 for the launch of the transaction, the Board of Directors scheduled on July 27th, 2017 to review the accounts for the first semester of 2017, will make a decision on the combination of the Chairman of the Board of Directors and Chief Executive Officer positions, as well as on the appointment of Daniel Harari to the position of Chairman and CEO, the principle of which was previously approved.
The Company will communicate the Board's decision following the meeting to be held on July 27th, 2017.
With 1,550 employees worldwide, Lectra is the world leader in integrated technology solutions (software, automated cutting equipment, and associated services) specifically designed for industries using fabrics, leather, technical textiles, and composite materials to manufacture their products.
Lectra serves major global markets: fashion and apparel, automotive (car seats and interiors, airbags), and furniture as well as a broad array of other industries (aeronautics, marine, wind power, etc.).
Lectra (code ISIN FR0000065484) is listed on Euronext (compartment B).
lectra.com
No communication and no information in respect of this transaction or of the company may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required. The issue or the purchase of the company's shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. The vendor and the company assume no responsibility for any violation of any such restrictions by any person.
With respect to the member States of the European Economic Area (each, a "relevant member State") no action has been undertaken or will be undertaken to make an offer to the public of the shares requiring a publication of a prospectus in any relevant member State.
The distribution of this press release is not made, and has not been approved, by an "authorized person" within the meaning of Article 21(1) of the Financial Services and Markets Act 2000. As a consequence, this press release is directed only at persons who (i) are located outside the United Kingdom, (ii) have professional experience in matters relating to investments and fall within Article 19(5) ("investment professionals") of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended), (iii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) or (iv) are persons to whom this press release may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons"). The shares are directed only at Relevant Persons and no invitation, offer or agreements to purchase or otherwise acquire the shares may be proposed or made other than with Relevant Persons. Any person other than a Relevant Person may not act or rely on this document or any provision thereof. This press release is not a prospectus which has been approved by the Financial Conduct Authority or any other United Kingdom regulatory authority for the purposes of Section 85 of the Financial Services and Markets Act 2000.
This press release does not constitute or form a part of any offer or solicitation to purchase securities in France, the United States or any other jurisdiction. Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or exempt from registration. The shares of the company have not been and will not be registered under the U.S. Securities Act and the company does not intend to make a public offer of its shares in the United States.
The information contained in this document does not constitute an offer of securities for sale in Canada, Australia or Japan. This press release may not be published, forwarded or distributed, directly or indirectly, in Canada, Australia or Japan.
This press release may include certain forward-looking statements, beliefs or opinions. Forward-looking statements reflect the company's intentions, beliefs and expectations and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Accordingly, no representation is made that any of these statements or forecasts will come to pass. Any forward-looking statements included in this press release speak only as of the date hereof.
Lectra - World Headquarters: 16-18, rue Chalgrin · 75016 Paris · France
Tel. +33 (0)1 53 64 42 00 - Fax +33 (0)1 53 64 43 00 - www.lectra.com
A French Société Anonyme with capital of € 31,250,212 · RCS Paris B 300 702 305
