Crédit Agricole Assurances announces the launch of an accelerated
bookbuilding offering in Française des Jeux shares
Crédit Agricole Assurances announces the
launch of an accelerated bookbuilding offering in Française des
Jeux shares
19 November 2024 – Crédit Agricole Assurances
(“CAA”), which, via its wholly-owned subsidiaries Predica and
Crédit Agricole Assurances Retraite, currently owns approximately
10.2 million shares of Française des Jeux (“FDJ”, the
“Company”), representing approximately 5.5% of the
Company’s share capital and 7.3% of its voting rights, announces
the launch, via Predica, of an offering of 4,073,436 ordinary
shares of FDJ (the “Shares”), representing
approximately 2.2% of the Company’s share capital. These Shares
will be offered as part of an accelerated bookbuilding offering to
institutional investors (the “Placement”).
CAA has been a shareholder of Française des Jeux
since its IPO in November 2019 and has supported the Company
throughout its development, including the successful recent
acquisition of Kindred. FDJ becomes an international gaming
operator. The Placement is part of CAA strategy in managing its
investment portfolio. Upon completion of the Placement, CAA will
hold approximately 3.3% of the Company’s share capital and 4.5% of
the Company’s voting rights. CAA will remain a Board member of the
Company.
CAA has agreed to a lock up agreement with
Crédit Agricole Corporate and Investment Bank (the “Global
Coordinator and Bookrunner”) in respect of the remaining
FDJ shares it holds following the Placement for a 90 day-period,
from the settlement date of the Placement (subject to customary
exceptions).
The Placement will start immediately following
this announcement. The final terms of the Placement will be
determined and announced after the end of the bookbuilding
process.
Settlement of the Placement should take place on
22 November 2024.
FDJ’s shares are listed on the regulated market
of Euronext in Paris (ISIN code: FR0013451333).
This press release does not constitute an offer
or solicitation to purchase and the offering of the shares in FDJ
does not constitute a public offering (except to institutional
investors) in any country, including in France.
Crédit Agricole Corporate and Investment
Bank is acting as sole Global Coordinator and Bookrunner on
the Placement.
About Crédit Agricole Assurances
Crédit Agricole Assurances, France’s largest
insurer, is the company of the Crédit Agricole group, which brings
together all the insurance businesses of Crédit Agricole S.A.
Crédit Agricole Assurances offers a range of products and services
in savings, retirement, health, personal protection and property
insurance products and services. They are distributed by Crédit
Agricole’s banks in France and in 9 countries worldwide, and are
aimed at individual, professional, agricultural and business
customers. Crédit Agricole Assurances has 5,800 employees. Its
premium income (“non-GAAP”) to the end of 2023 amounted to 37.2
billion euros.
www.ca-assurances.com
Press contacts
Nicolas Leviaux +33 (0)1 57 72 09 50 / 06 19 60 48 53
Julien Badé +33 (0)1 57 72 93 40 / 07 85 18 68 05
service.presse@ca-assurances.fr
Disclaimer
This press release is for information
purposes only and does not, and shall not, constitute an offer to
sell or a solicitation of an offer to buy or subscribe any
securities nor a solicitation to offer to purchase or to subscribe
securities in any jurisdiction and does not constitute a public
offer other than the offering to qualified investors in any
jurisdiction, including France.
The sale of FDJ shares does not constitute a
public offering other than to qualified investors in any
jurisdiction, including in France.
No communication and no information in
respect of the sale by Crédit Agricole Assurances of FDJ shares 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
offer of sale of FDJ shares on behalf of Crédit Agricole Assurances
may be subject to specific legal or regulatory restrictions in
certain jurisdictions. Crédit Agricole Assurances, its shareholders
and affiliates take no responsibility for any violation of any such
restrictions by any person.
European Economic
Area
In member states of the European Economic Area, this press
release is an advertisement and is not a prospectus with the
meaning of Regulation (EU) 2017/1129 of the European Parliament and
of the Council of 14 June 2017, as amended (the
“Prospectus
Regulation”).
With respect to the member states of the
European Economic Area other than France (the
“Member States”), 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. In Member States, this communication and
any offer if made subsequently is directed exclusively at persons
who are “qualified investors” within the meaning of Article 2(e) of
the Prospectus Regulation.
France
In France, the offer of FDJ shares described in this press
release will be carried out through a placement through an
accelerated bookbuilding process to qualified investors only within
the meaning of Article 2(e) of the Prospectus Regulation and in
accordance with applicable French laws and regulations. There will
be no public offering in any country (including France) in
connection with the shares of FDJ, except to qualified investors
only.
United Kingdom
In the United Kingdom, this communication is for distribution
to, and is only directed at, persons in the United Kingdom that (i)
are “investment professionals” falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended, the “Order”),
(ii) are persons falling within article 49(2)(a) to (d) (“high net
worth companies, unincorporated associations, etc.”) of the Order,
or (iii) are located outside the United kingdom, or (iv) are
persons to whom an invitation or inducement to engage in investment
activity (within the meaning of Article 21 of the Order) in
connection with the issue or sale of any securities may otherwise
lawfully be communicated or cause to be communicated (all such
persons together being referred to as “Relevant Persons”). This
press release is only directed at Relevant Persons and are
available only to Relevant Persons. Any person who is not a
Relevant Person must act or rely on this document or any of its
contents.
Any investment or investment activity to
which this document relates is available only to Relevant Persons
and will be engaged in only with Relevant Persons. Any person who
is not a Relevant Person shall not act or rely on this document or
any of its contents.
With respect to the United Kingdom,
securities may not be offered or sold absent the publication of a
prospectus in the United Kingdom or an exemption from such
publication under the Regulation (EU) 2017/1129, as amended, as it
forms part of domestic law by virtue of the European Union
(Withdrawal Act) 2018 (the “UK Prospectus
Regulation”). As a consequence, this document is
directed only at persons who are “qualified investors” as defined
in point (e) of Article 2 of the UK Prospectus Regulation.
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 purpose of Section 85 of the Financial
Services and Markets Act 2000.
United States
This press release does not constitute or form part of any
offer or solicitation to purchase or subscribe for securities in
the United States. Securities referred to in this announcement have
not been, and will not be, registered under the U.S. Securities Act
of 1933 (the “Securities Act”)
and may not be offered or sold in the United States absent such
registration or an applicable exemption from the registration
requirements of the Securities Act. FDJ shares have not been and
will not be registered under the Securities Act and neither Crédit
Agricole Assurances, nor any of its shareholders or their
respective affiliates intend to register any portion of the
proposed offering in the United States or to conduct a public
offering in the United States.
Australia, Canada, Japan and South
Africa
The FDJ shares may not and will not be offered, sold or
purchase in Australia, Canada, Japan or South Africa. The
information contained in this press release does not constitute an
offer of securities for sale in Australia, Canada, Japan or South
Africa.
The release, publication or distribution of
this press release generally may be restricted by law in certain
jurisdictions and persons into whose possession this document or
other information referred to herein should inform themselves about
and observe any such restriction. No action has been taken to allow
offer of FDJ shares or distribution of this press release in any
jurisdiction where any such action would be required. Any failure
to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
Any investment decision to purchase FDJ
shares must be made solely on the basis of publicly available
information regarding FDJ. Such information is not the
responsibility of Crédit Agricole Assurances and has not been
independently verified by Crédit Agricole Assurances.
The sole global coordinator and bookrunner
is acting on behalf of Crédit Agricole Assurances (to the exclusion
of all others) in connection with the placement and will not be
liable to any person other than Crédit Agricole Assurances either
for warranties given to clients of the sole global coordinator and
bookrunner or for advice in connection with the placement.
Neither the sole global coordinator and
bookrunner nor any of its directors, officers, employees, advisors
or agents accept any responsibility for, or make any
representations or warranty, express or implied, as to the accuracy
or completeness of the information contained in this press release
(or if any information has been omitted from this press release) or
any other information relating to FDJ, Crédit Agricole Assurances,
their respective subsidiaries or associated companies, whether in
written, oral, visual or electronic form, and however transmitted
or made available, or any loss from the use of this press release
or its contents or otherwise.
Distribution, publication or release of this
press release are forbidden in any jurisdiction where such
distribution or release would be unlawful.
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