Stabilization Notice – SNF Group – Pre Stab

Key Takeaways:

• BNP Paribas may stabilize SNF Group’s securities offering.
• Stabilisation actions could involve over-allotment and market transactions.
• Activities will comply with EU Market Abuse Regulation (EU/596/2014).
• Stabilisation may not occur or may cease at any time.
• The securities are not registered in the US and cannot be offered there.

BNP Paribas Announces Potential Stabilisation Measures

BNP Paribas has issued a pre-stabilisation announcement regarding the potential stabilisation of SNF Group’s securities offering. Acting as the Stabilisation Coordinator, the financial institution may undertake actions to support the market price of the securities during the stabilisation period.

Role of the Stabilisation Coordinator

As the Stabilisation Coordinator, BNP Paribas is responsible for coordinating potential stabilisation activities. The Stabilisation Manager(s) named may “over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail.”

Potential Stabilisation Actions

The possible actions include over-allotment and market transactions aimed at supporting the securities’ market price. However, “stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time.” All activities will be conducted in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

Regulatory Compliance

BNP Paribas emphasized that any stabilisation action or over-allotment will be “conducted in accordance with all applicable laws and rules.” The announcement is for information purposes only and does not constitute an offer to underwrite or subscribe for securities.

Jurisdictional Limitations

The announcement specifies that it is not an offer of securities for sale into the United States. “The securities 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.” Additionally, the offer is only addressed to certain qualified investors and must not be acted on by other persons.

Conclusion

While BNP Paribas may engage in stabilisation activities for SNF Group’s securities offering, these actions are not guaranteed and may cease at any time. Investors should be aware of the legal limitations and regulatory compliance associated with this announcement.