Analysis of Société Générale Increase Capital
Synthesis of the Capital increase:
This increase was use with preferential subscritpion rights (PSR):
No impairment in the value for the existing shareholders
Size and price:
5.5 billion Euros with 116.7 million new shares
It represent 25% of the number of shares outstanding
4 PSR will subscribe for 1 new share at a price of € 47.5 per share
Prospect strategic of the group:
Accelerate development in the professions and high-potential markets with the strong generation of capital associated with strong positions in Networks France and Corporate and Invesment Bank (CIB)
Increase revenue synergies between businesses
Enhance security and improve operational efficiency
At the end, a strong growth, profitable and balanced
Terms of the Capital increase:
Structure: Capital increase of EUR 5.5 billion with PSR Offer to the public in France and through passport prospectus 8 other European countries International private placement to institutional investors
Terms:
Subscription ratio: 1 new share for every four existing shares 4 PSR will subscribe for 1 new share at a price of € 47.5 per share
Subscription irreducible and reducible
Commitment to abstention of the issuer: 180 days
Enjoyment shares at 1 January 2008
Union :
JPMorgan, Morgan Stanley and SG CIB
Global Coordinators and Joint Bookrunners
Credit Suisse and Merrill Lynch
Co-grade book
Documentation:
French prospectus (AMF 08-028 dated February 10, 2008)
International Offering Memorandum and U.S. Private Placement Memorandum
Calendar of the operation:
10 February 2008:
AMF Visa on the prospectus
11 February 2008:
Announcement of the terms of the capital increase
21 February 2008:
Publication of Results and Financial Statements 2007
Beginning of the subscription period
Beginning of the trading period of subscription rights
29 February 2008 :
End of the subscription period
End of the trading period of subscription rights
13 March
This increase was use with preferential subscritpion rights (PSR):
No impairment in the value for the existing shareholders
Size and price:
5.5 billion Euros with 116.7 million new shares
It represent 25% of the number of shares outstanding
4 PSR will subscribe for 1 new share at a price of € 47.5 per share
Prospect strategic of the group:
Accelerate development in the professions and high-potential markets with the strong generation of capital associated with strong positions in Networks France and Corporate and Invesment Bank (CIB)
Increase revenue synergies between businesses
Enhance security and improve operational efficiency
At the end, a strong growth, profitable and balanced
Terms of the Capital increase:
Structure: Capital increase of EUR 5.5 billion with PSR Offer to the public in France and through passport prospectus 8 other European countries International private placement to institutional investors
Terms:
Subscription ratio: 1 new share for every four existing shares 4 PSR will subscribe for 1 new share at a price of € 47.5 per share
Subscription irreducible and reducible
Commitment to abstention of the issuer: 180 days
Enjoyment shares at 1 January 2008
Union :
JPMorgan, Morgan Stanley and SG CIB
Global Coordinators and Joint Bookrunners
Credit Suisse and Merrill Lynch
Co-grade book
Documentation:
French prospectus (AMF 08-028 dated February 10, 2008)
International Offering Memorandum and U.S. Private Placement Memorandum
Calendar of the operation:
10 February 2008:
AMF Visa on the prospectus
11 February 2008:
Announcement of the terms of the capital increase
21 February 2008:
Publication of Results and Financial Statements 2007
Beginning of the subscription period
Beginning of the trading period of subscription rights
29 February 2008 :
End of the subscription period
End of the trading period of subscription rights
13 March