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Peugeot Invest communication

Peugeot Invest successfully sold a 4% equity stake in LISI

January 19, 2024

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Peugeot Invest announces the successful completion of the disposal of 1,900,000 LISI shares, representing c. 4.08% of the company's share capital as of 31 December 2023. The transaction consisted in an institutional private placement by way of an accelerated book-building process, at a price of €21 per share for a total amount of c. €40 million.

Following this transaction, Peugeot Invest holds c. 10% of LISI's share capital and c. 5% of its voting rights. Represented at LISI’s Board of Directors, Peugeot Invest will continue to play its role as an active shareholder and in supporting the management team as well as its strategy. Peugeot Invest entered into a lock-up agreement relating to its shareholding for a 180-day period as from the settlement and delivery date of the placement, subject to certain customary exceptions.

Bertrand Finet, CEO of Peugeot Invest, said: « After contributing to the reorganisation of LISI's shareholding structure at the beginning of 2023, we are delighted with the success of this placement, which will broaden the free float, and should revitalise the trading of the stock and drive its valuation. Peugeot Invest retains significant exposure to LISI, whose growth prospects are promising. »

Natixis acted as Sole Bookrunner on the transaction. The settlement and delivery of the shares will take place on 23 January 2024.

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