Exercise of the over-allotment option and end of the stabilisation period in relation to the initial public offering
Monday 22 July 2013The Selling Shareholder, Post Invest Europe S.à.r.l., had granted the underwriting banks an option to purchase up to 8,400,000 additional shares at the IPO price of EUR 14.50, to cover over-allotments or short positions, which was exercisable for a period of 30 calendar days as from the first day of trading of the shares on Euronext Brussels (i.e. 21 June 2013).
The underwriting banks have chosen to exercise the over-allotment option for 3,750,180 shares, raising additional gross proceeds for the Selling Shareholder of EUR 54,377,610.
As a result, the total number of shares sold by the Selling Shareholder in the IPO finally amounts to 59,750,180, representing total gross proceeds of EUR 866,377,610. The Selling Shareholder maintains a stake of 19.67% in bpost. The Belgian State (directly and through the SFPI/FPIM) has not sold shares as part of the IPO and maintains a stake of 50.01%. Each of bpost, the Selling Shareholder, the Belgian State and the SFPI/FPIM have agreed to lock-up arrangements of 180 days after the first day of trading of the shares.
The stabilisation period commenced on 21 June 2013 and ended on 19 July 2013. Details of the stabilisation activity carried out by J.P. Morgan Securities plc or its affiliates as stabilisation manager on behalf of the underwriting banks are available in appendix A.
This announcement does not constitute an offer or invitation to sell or issue, or any solicitation of an offer to purchase securities and any purchase of, or application for, shares in bpost.
In connection with its IPO, bpost has published a prospectus, which is available on www.bpost.be/ipo and contains certain detailed information about bpost and its business, management, risks associated with investing in bpost, as well as financial statements and other financial data.
These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the "Securities Act") and may not be offered or sold in the United States, except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged in with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This communication may be distributed in a member state of the European Economic Area, with the exception of Belgium, which applies Directive 2003/71/EC (this Directive together with any implementing measures in any member state, the "Prospectus Directive") only to those persons who are investment professionals for the purposes of the Prospectus Directive in such member state, and such other persons as this document may be addressed on legal grounds, and no person that is not a relevant person may act or rely on this document or any of its contents.
This announcement and the information contained herein are not for publication, distribution or release in, or into, the United States, Canada, Australia or Japan.
Day of stabilisation trades Price range of stabilisation trades (EUR) 21.06.13 14.4 14.5 24.06.13 14.49 14.5 25.06.13 14.35 14.5 26.06.13 14.32 14.5 27.06.13 14.26 14.47 28.06.13 14.2 14.37 01.07.13 14.08 14.39 02.07.13 14.18 14.48 03.07.13 14.16 14.35 04.07.13 14.25 14.35 08.07.13 14.24 14.38 09.07.13 14.22 14.34 10.07.13 14.25 14.36 11.07.13 14.26 14.42 12.07.13 14.34 14.46 15.07.13 14.46 14.47