AMUNDI
EXERCISE OF THE OVER-ALLOTMENT OPTION
3,779,010 shares sold by CREDIT AGRICOLE SA
Initial public offering increased to a total of 37,137,346 sold shares, representing a total amount of approximately €1,671 million
November 25, 2015 - Amundi announces today that J.P. Morgan Securities plc, the stabilisation agent in connection with its initial public offering on the regulated market of Euronext in Paris, acting in the name and on behalf of the underwriters, exercised in part the over-allotment option to purchase 3,779,010 existing shares from Crédit Agricole SA, at the initial public offering price of €45.00 per share. The total gross proceeds from the exercise of the over-allotment option are approximately €170 million.
As a result, the total number of Amundi shares sold in connection with the initial public offering has increased to 37,137,346 ordinary shares, representing approximately 22.3 % of the company's share capital (excluding the employee offering), thereby increasing the total amount of the offering to approximately €1,671 million.
Following the exercise of the over-allotment option, Amundi's public float amounts to approximately 22.3% of its total share capital (excluding the employee offering). Its shareholding structure is as follows[1]:
| Shareholders | Shareholding | ||
| Number of ordinary shares | % share capital | % voting rights | |
| Crédit Agricole group (1) | 126,321,001 | 75.7 % | 75.7 % |
| Société Générale | 0 | 0% | 0% |
| ABC International Holdings Limited (2) | 3,333,333 | 2.0 % | 2.0 % |
| Public | 37,137,346 | 22.3 % | 22.3 % |
| Total | 166 791 680 | 100 % | 100 % |
Following the partial exercise of the over-allotment option, Crédit Agricole SA owns 124,026,070 shares and voting rights, representing approximately 74.4% of Amundi's share capital and voting rights, SACAM Développement owns 2 294 927 shares and voting rights, representing 1.4 % of Amundi's share capital and voting rights, and each of SIGMA Investissement 41, SIGMA Investissement 42, SIGMA 39 and SIGMA 40 owns 1 Amundi share.
ABC International Holdings Limited (professional platform for Agricultural Bank of China to provide investment banking services), which holds through Faithful Way Investment Limited, a special purpose affiliate of ABC International Holdings Limited.
In accordance with the provisions of article 631-10 of the General Regulations of the French Autorité des marchés financiers (the "AMF"), J.P. Morgan Securities plc, the stabilisation agent in connection with Amundi's initial public offering on the regulated market of Euronext in Paris, acting in the name and on behalf of the underwriters, declared that it conducted stabilisation operations on a total number of 1,224,740 Amundi shares offered in connection with its initial public offering (ISIN Code : FR0004125920 - Mnemonic: AMUN). The stabilisation period began on November 11, 2015 (following the publication of the results of the offering by Amundi) and ended on November 25, 2015.
Stabilisation transactions were conducted within the following price range:
| Transaction Date | Price range of the transaction | |
| Low Price (in €) | High Price (in €) | |
| 12 November 2015 | €44.9 | €45.0 |
Crédit Agricole Corporate and Investment Bank, Goldman Sachs International, J.P. Morgan Securities plc, Morgan Stanley & Co. International plc and Société Générale Corporate and Investment Banking acted as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners.
Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Merrill Lynch International and UBS Investment Bank acted as Joint Lead Managers and Joint Bookrunners.
ABN AMRO Bank N.V, Banca IMI S.p.A, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Nomura International Plc and UniCredit Bank AG, Milan Branch acted as Co-Lead Managers.
Information available to the public
Copies of the prospectus that has been granted visa number 15-552 by the AMF on October 30, 2015, consisting of a Document de base registered with the AMF under number of I.15-073 on October 6, 2015 and a Note d'opération (including a summary of the prospectus) are available on the websites of Amundi (www.amundi.com) and the AMF (www.amf-france.org), and free of charge upon request to Amundi at 91-93 boulevard Pasteur, 75015 Paris. Amundi draws the public's attention to Chapter 4 "Risk Factors" of the Document de base and Section 2 of the Note d'opération "Risk Factors related to the Global Offering". One or more of these risks, should they materialize, could have a material adverse effect on the Amundi group's activities, assets, financial position, results or prospects, as well as on the market price of Amundi shares.
About Amundi
Amundi is the leading European asset manager and among the top ten asset managers worldwide[2], with €952 billion of assets under management ("AuM") as of 30 September 2015. Amundi is a global player, operating through two business lines: Retail (management of saving solutions distributed in France and worldwide by the Crédit Agricole and Société Générale group networks, worldwide by other banking networks through distribution agreements and managing joint-ventures, and in France and worldwide by third-party distributors) and Institutional (including sovereign funds, companies, insurers of the Crédit Agricole and Société Générale groups and other institutional investors). Amundi has a presence in 30 countries across 5 continents, developed through a combination of organic growth, acquisitions and long-term partnerships.
Contacts
Amundi / Press Relations
Natacha Sharp
+33 1 76 37 86 05
natacha.sharp@amundi.com
Amundi / Investor Relations
Cyril Meilland, CFA
+33 1 76 32 17 16
cyril.meilland@amundi.com
Chandos Communications
Louise Tingström
+44 (0) 7899 066 995
ltingstrom@chandoscomms.com
Disclaimer
This announcement does not, and shall not, in any circumstances constitute a public offering or an offer to subscribe shares nor an invitation to the public in connection with any public offering.
No communication or other information related to this transaction or to Amundi may be distributed to the public in any jurisdiction where approval or registration is required. No steps have been or will be taken by the company in any country (other than France) where such steps would be required. The subscription for or the purchase of Amundi shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. Amundi assumes no responsibility for any violation of any such restrictions by any person.
This press release does not constitute a prospectus within the meaning of Directive 2003/71/CE of the European Parliament and Council dated November 4, 2003, to the extent implemented in the relevant member states of the European Economic Area (together, the "Prospectus Directive").
This press release is an advertisement.
In France, an offer of securities to the public may only be made pursuant to a prospectus which has received an AMF visa. With respect to the member states of the European Economic Area other than France (the "Member States") having implemented the Prospectus Directive into law, no action has been or will be taken in order to permit a public offer of the securities which would require the publication of a prospectus in one of such Member States. Consequently, the securities cannot be offered and will not be offered in any Member State (other than France), except in accordance with the exemptions set out in Article 3(2) of the Prospectus Directive, if they have been implemented in the relevant Member State(s) or in the other cases which do not require the publication by Amundi of a prospectus pursuant to the Prospectus Directive and/or applicable regulation in the Member States.
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 addressed to and directed only at persons who (i) are located outside the United Kingdom, (ii) have professional experience in matters relating to investments within the meaning of Article 19(5) ("investment professionals") of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005, (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 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 securities of Amundi are directed only at Relevant Persons and no invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities of Amundi 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 Services Authority or any other United Kingdom regulatory authority for the purposes of Section 85 of the Financial Services and Markets Act 2000.
These materials are not an offer for sale of Amundi shares in the United States or in any other jurisdiction. Amundi shares may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Amundi does not intend to register in the United States any portion of the offering or to conduct a public offering of the shares in the United States.
Circulation of this press release in certain countries may result in a violation of applicable law. The information contained in this document does not constitute an offer of securities for sale in Canada, Australia or Japan. This press release should not be published, circulated or distributed, directly or indirectly, within the United States, Canada, Australia or Japan.
The contents of this announcement have been prepared by and are the sole responsibility of Amundi S.A. None of. Crédit Agricole Corporate and Investment Bank, Goldman Sachs International, J.P. Morgan Securities plc, Morgan Stanley & Co. International plc, Société Générale Corporate and Investment Banking, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Merrill Lynch International, UBS Investment Bank, ABN AMRO Bank N.V, Banca IMI S.p.A, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Nomura International Plc and UniCredit Bank AG, Milan Branch or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to Amundi, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
Crédit Agricole Corporate and Investment Bank, Goldman Sachs International, J.P. Morgan Securities plc, Morgan Stanley & Co. International plc, Société Générale Corporate and Investment Banking, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Merrill Lynch International, UBS Investment Bank, ABN AMRO Bank N.V, Banca IMI S.p.A, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Nomura International Plc and UniCredit Bank AG, Milan Branch are acting for Amundi, and no one else in connection with this announcement and will not be responsible to anyone other than Amundi, for providing the protections afforded to their clients, or for giving advice in connection with this announcement or any matter referred to herein.
