In line with its strategy to reinforce its financial structure and step up growth, Linedata Services (FTSE industry sub-sector code: 977, software) is to propose a capital increase of EUR 21 million at its mixed Shareholdersâ Meeting of June 28, 2004. Said increase shall be made via the issue of 1,312,500 new shares with no pre?emptive subscription rights and with a par value of EUR 1 for a price of EUR 16. FFP (SociÃ©tÃ© FonciÃ¨re, FinanciÃ¨re et de Participations-FFP), a holding company controlled by Peugeot family, quoted on the Premier MarchÃ©, will subscribe for EUR 15 million of the issue (representing 8.01% and 5.93% of the capital and voting rights, respectively, after the capital increase) and three innovation investment funds (FCPI) managed by CDC IXIS Innovation for the remaining EUR 6 million (1.07% and 0.79% of the capital and voting rights, respectively, after the capital increase for each FCPI).
These new partners will also sign the Companyâs Shareholdersâ Agreement. The new shares will be fully paid up in cash upon their subscription planned for June 30, 2004 at the latest and have a cum?dividend date of January 1, 2004.
To enable its existing shareholders to support the Company in its development and participate in the raising of funds under the same terms as the reserved capital increases, the Companyâs Management Board met on June 8, 2004 and, acting on the authorization of the Shareholdersâ Meeting of June 10, 2002, approved the free allocation of share warrants by Linedata Services on June 28, 2004 for each existing share registered as at June 25, 2004 after the close of the markets, namely a total of 10,392,670 share warrants. Said warrants shall be listed, as of July 1, 2004, on the Nouveau MarchÃ© of Euronext Paris.
Seventeen (17) share warrants will grant holders the right to subscribe to one (1) share at a subscription price equal to the subscription price of the reserved issue, i.e. EUR 16. The share warrants may be exercised between July 5, 2004 and September 10, 2004 at 5.30 p.m. (Paris time). The new shares (a maximum of 611,334 shares, representing 5.88% and 4.22% of the capital and voting rights, respectively, after the reserved capital increase) issued upon the exercise of the share warrants will have a cum?dividend date of January 1, 2004 and will be assimilated to shares already listed on the Nouveau MarchÃ© of Euronext Paris.
The Companyâs principal shareholders (managers and the fund APEF), those that have signed the Shareholdersâ Agreement, have indicated that they will not exercise their share warrants. ING Securities will organise the distribution of these share warrants to institutional investors.
The prospectus, comprising the Companyâs reference document filed with the AutoritÃ© des MarchÃ©s Financiers (French Financial Markets Authority) on May 19, 2004 under No. D.04-0782, the update of the Companyâs reference document filed with the AutoritÃ© des MarchÃ©s Financiers on June 9, 2004 under No. D.04-0782-A01 and a prospectus, with the relevant disclaimer, approved by the AutoritÃ© des MarchÃ©s Financiers under reference No. 04-570 dated June 9, 2004, is available on the website of the AutoritÃ© des MarchÃ©s Financiers and that of the Company, or may be requested free of charge from the Companyâs head office: 19 rue dâOrlÃ©ans â 92200 Neuilly-sur-Seine (fax: +33 (0)1 47 08 11 78).
"The AutoritÃ© des MarchÃ©s Financiers would like to point out the resolutory conditions governing the exercise of the share warrants outlined in section 126.96.36.199 of the prospectus."
Linedata Services is a major European provider of financial IT solutions that specializes in Asset Management, Leasing & Credit Finance and Savings & Insurance. Software publisher, solutions integrator and service provider, Linedata Services offers global solutions that are tailored to the world of finance. Listed on the Nouveau MarchÃ© of the Paris Bourse since May 2000, Linedata Services enjoyed revenues of EUR 100.3 million in 2003, representing growth of 5.8%.