CS announces the success of its capital increase with preferential subscription rights for an amount of € 11.5 million after full exercise of the increase option


• Capital increase of € 11.5 million
• Subscription price of € 5.90 per share
• Full exercise of the increase option
• Overall demand over € 14.3 million: more than 1.4 times the initial offer


Le Plessis Robinson, July 23, 2018. CS Communication & Systèmes is pleased to announce the success of its capital increase with preferential shareholder subscription rights, launched on July 6, 2018, for a total of 11,499,996.80 euros (issue premium included) at € 5.90 per share, after full exercise of the increase option (clause d'extension).
 
At the end of the subscription period (July 17, 2018), 2,416,969 new shares were requested compared to the 1,722,142 new shares initially on offer, which represents a subscription rate of over 1.4 times the initial offer.
 
CS Communication & Systèmes decided to fully exercise the increase option for 227,010 additional shares, bringing the total number of shares offered from 1,722,142 to 1,949,152 and the gross value of the issue from 10,160,637.80 euros to 11,499,996.80 euros.
 
1,516,816 new actions were subscribed on an irreducible basis (à titre irréductible), representing 78% of the new shares to be issued and an 88% rate of exercise of preferential subscription rights. 900,153 new shares were subscribed on a reducible basis (à titre réductible) and this demand will thus be only partially met, for a total of 432,336 new shares (an allotment rate of 0.0521).
 
The gross value of the issue is thus 11,499,996.80 euros, corresponding to 1,949,152 new shares.
 
The success of this capital increase provides the CS Group with increased financial resources to pursue the implementation of its strategic plan Ambition 2021 by carrying out new external growth initiatives in the growth sectors of defense and public security, space and cybersecurity in Europe.
 
"We are proud of the trust demonstrated by our shareholders and delighted to see new institutional investors coming in. After the recent acquisition of Novidy’s, this is a successful new key step towards the implementation of our strategic plan Ambition 2021," says Eric Blanc-Garin, CEO of CS Communication & Systèmes.
 
The settlement and delivery, and the listing on Euronext Paris (compartment C) of the new shares, will take place on July 25, 2018. The new shares will bear current dividend rights and entitle shareholders to all distributions made by the company from their issue date onwards. They will be fully fungible with existing company shares and will be similarly listed under the code ISIN FR0007317813.
 
Following this share issue, the share capital of CS Communication & Systèmes will be 23,475,930 euros comprised of 23,475,930 shares at a nominal value of 1 euro each.
 
Distribution of capital and voting rights after capital increase
 

Availability of prospectus
Copies of the prospectus will be available free of charge from the head office of CS Communication & Systèmes, 22 avenue Galilée – 92350 Le Plessis Robinson, on the company website (www.c-s.fr), and on the website of the AMF (www.amf-france.org ).
 
Risk factors relating to the Company and its business are described in chapter 4 of the Reference Document and Updated Reference Document, which are included in the Prospectus.
Risk factors relating to the shares issued are presented in chapter 2 of the Issue Note.
 
 
About CS Communication & Systèmes
CS is a leading player in the design, integration and operation of critical systems. CS is listed on Euronext Paris - Compartment C (Shares: Euroclear 7896 / ISIN FR 0007317813).

For further information: www.c-s.fr
 
Contacts :
Press relations                                                                                  Investors
Barbara GOARANT                                                                             Frédéric DUMINIL 
Tel. : +33 (0)1 41 28 46 94                                                                   Tel. : +33 (0)1 41 28 44 44
 
 
 
Legal notice
This press release, and the information contained therein, does not constitute an offer to purchase or subscribe or an invitation to make a purchase or subscription order for CS Communication & Systèmes shares in any country. This press release does not constitute a prospectus as defined by Directive 2003/71 / EC of the European Parliament and of the Council of 4 November 2003, as amended, in particular, by Directive 2010/73 / EU insofar as this Directive has been transposed in each of the relevant Member States of the European Economic Area (together referred to as the "Prospectus Directive"). No offer to the public of financial securities will be made in France before the approval by the Autorité des Marchés Financiers of a prospectus prepared in accordance with the provisions of the Prospectus Directive. The publication or distribution of this press release in certain countries may constitute a violation of the legal and regulatory provisions in force in those countries. Therefore, persons physically present in countries where this press release is distributed or published must inform themselves of these possible local restrictions and comply with them. This press release does not contain or constitute an invitation, encouragement or incentive to invest. This press release has not been distributed or approved by an authorized person as defined in Section 21 (1) of the Financial Services and Markets Act 2000. Accordingly, this document is intended only for (i) persons outside the United Kingdom, (ii) investment professionals as defined in Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, (iii) persons covered by section 49 (2) (a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or (iv) any other person to whom this press release may be addressed in accordance with the law (the persons mentioned in paragraphs (i), (ii), (iii) and (iv) being together designated as "Designated Recipients"). Any person other than a Designated Recipient must refrain from using or quoting from this press release and the information contained therein. This press release does not constitute a prospectus approved by the Financial Services Authority or any other regulatory authority in the United Kingdom as defined in Section 85 of the Financial Services and Markets Act 2000. This press release does not constitute an offer to purchase or subscribe or an invitation to make a purchase or subscription order for securities in the United States of America. Securities may not be offered or sold in the United States of America in the absence of registration or exemption from registration under the United States Securities Act of 1933, as amended (the "Securities Act"). The CS Communication & Systèmes shares have not been registered and will not be registered under the Securities Act, and CS Communication & Systèmes does not intend to make any public offering of its shares in the United States of America.