INCREASE OF THE FREE FLOAT
25/10/2016 - 19:10 CET
PRESS
RELEASE
25 OCTOBER 2016
INCREASE OF THE FREE FLOAT
Somfy has been advised today of the open-market sale of 230,400 of its shares, previously held by Manacor1, as part of a private placement.
This transaction, which has no impact on governance, has raised the free float from 17.7% to 20.8% of the share capital, thereby increasing share liquidity.
Manacor has signed an undertaking to retain its residual shareholding with the bookrunners for the transaction, Société Générale Corporate & Investment Banking and Gilbert Dupont. As a result, this entity is committed not to sell the 140,000 Somfy shares it still holds for a period of 90 days from the date of settlement/delivery of the transaction.
/ CORPORATE PROFILE
Somfy Group is the global leader in opening and closing automation for both residential and commercial buildings.
Somfy shares (ISIN: FR0000120495) are listed on Compartment A of Euronext Paris.
/ Contacts
Somfy
Pierre Ribeiro: +33 4 50 40 48 49 / Emilie Mathelin: +33 4 50 96 75 88
Shan
François-Xavier Dupont: +33 1 44 50 58 74 / Diane de Brisis: +33 1 47 03 47 36
1 Manacor is Thierry Despature’s investment vehicle.