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4 Aug 2014 07:00
Post-Stabilisation Announcement
4 August 2014
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Electrica S.A.
Stabilisation Notice
Citigroup Global Markets Limited (contact: Suneel Hargunani; telephone: +44 (20) 7986-8764) hereby gives notice that the Stabilisation Manager(s) named below undertook stabilisation (within the meaning of the rules of the Financial Conduct Authority) in relation to the offer of the following securities, as set out below.
Issuer: | Societatea Comercială de Distribuţie şi Furnizare a Energiei Electrice "ELECTRICA" S.A. |
Guarantor (if any): | n/a |
Aggregate nominal amount: | 5,206,593 Offer Shares 421,000 Offer GDRs |
Description: | Ordinary shares and GDRs |
Stabilisation Manager | (i) in relation to the Offer GDRs, Citigroup Global Markets Limited of Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB; and
(ii) in relation to the Offer Shares, Raiffeisen Bank S.A. of 246C Calea Floeasca, 1st District, 014476 Bucharest, Romania |
Offer price: | USD 13.66 per Offer GDR and RON 11.00 per Offer Share |
Stabilisation started: | 8 July 2014 |
Stabilisation last occurred: | 22 July 2014 |
For each of the dates during which stabilisation transactions were carried out, the price range within which stabilization transactions took place in respect of the Offer Shares was as follows:
Date | Lowest Price (RON) | Highest Price (RON) |
8/7/2014 | 11.00 | 11.00 |
9/7/2014 | 11.00 | 11.00 |
10/7/2014 | 10.80 | 11.00 |
11/7/2014 | 10.75 | 10.80 |
14/7/2014 | 10.75 | 10.79 |
17/7/2014 | 10.80 | 10.80 |
18/7/2014 | 10.75 | 10.75 |
21/7/2014 | 10.75 | 10.75 |
22/7/2014 | 10.75 | 10.75 |
For each of the dates during which stabilisation transactions were carried out, the price range within which stabilization transactions took place in respect of the Offer GDRs was as follows:
Date | Lowest Price (USD) | Highest Price (USD) |
8/7/2014 | 13.58 | 13.66 |
9/7/2014 | 13.48 | 13.55 |
10/7/2014 | 13.40 | 13.45 |
11/7/2014 | 13.25 | 13.30 |
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.
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