NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
Soitec announces the successful sale of shares of the Company by a group of managers, through a placement by way of an accelerated bookbuilding, as part of the new co-investment plan
Bernin (Grenoble), France, September 17th 2019 – Soitec (Euronext Paris) (the “Company”) has been informed that a group of managers (the “Sellers”) successfully completed the sale of 1,077,504 Soitec ordinary shares, representing 3.3% of the Company’s share capital, through a placement by way of an accelerated bookbuilding to institutional investors (the “Placement”).
The Placement has been sold at a price of 91 euros per share following an accelerated bookbuilding and represents approximately 98 million euros. The settlement will occur on September 19th 2019.
BNP Paribas acted as Sole Global Coordinator and Joint Bookrunner, along with Société Générale, on behalf of the Sellers (together, the “Joint Bookrunners”).
The ordinary shares sold through the Placement derive from the conversion of preferred shares issued as part of the Company’s 2016-2019 incentive plan.
Paul Boudre, CEO of Soitec, declared: “The success of this transaction illustrates the investors’ confidence in our ambitions both in terms of growth and profitability we detailed at our latest Capital Markets Day. All our employees, and in particular the executives, are committed to achieve these new objectives and are delighted to be associated to them through their future subscription to the new co-investment plan”.
Paul Boudre has agreed with the Sole Global Coordinator (on behalf of the Joint Bookrunners) to a 365-day lock-up for all his remaining Soitec shares issued as part of the 2016-2019 incentive plan.
About Soitec
Soitec (Euronext Paris) is an industry leader in designing and manufacturing innovative semiconductor materials. The company uses its unique technologies and semiconductor expertise to serve the electronics markets. With more than 3,500 patents worldwide, Soitec’s strategy is based on disruptive innovation to answer its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the U.S. and Asia.
Soitec and Smart Cut are registered trademarks of Soitec.
For more information, please visit www.soitec.com and follow us on Twitter: @Soitec_EN.
©2025 Soitec
Order by
Newest on top Oldest on top