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Peugeot Invest communication

Peugeot Invest successfully sold half of its stake in SPIE

18 March 2025
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Peugeot Invest announces the successful sale of 4,250,000 shares in SPIE, representing approximately 2.5% of the company’s share capital as of December 31, 2024. The placement was carried out through an accelerated bookbuilding process with institutional investors at a price of €38.8 per share, generating total proceeds of approximately €164.9 million (the “Placement”).

Following the Placement, Peugeot Invest holds approximately 2,5% of SPIE’s share capital. Peugeot Invest remains confident in SPIE’s outlook and will continue to support and benefit from its future value creation. In accordance with its governance agreements with the company, Peugeot Invest will no longer be represented on SPIE’s Board of Directors. As part of this transaction, Peugeot Invest has committed to a 180-day lock-up period following the settlement and delivery of the Placement of the shares, subject to customary exceptions.

Jean-Charles Douin, CEO of Peugeot Invest, commented: "Since our initial investment in 2017, SPIE’s development has been remarkable. Portfolio rotation is a key pillar of our strategy, and we saw an opportunity to crystallize part of our gains. SPIE benefits from highly favorable market dynamics, and we have full confidence in the strategy executed by its experienced and highly competent management team."

SPIE shares are listed on the Euronext Paris regulated market (ISIN: FR0012757854).

BNP Paribas and Morgan Stanley acted as joint bookrunners for the transaction. Settlement and delivery of the shares are scheduled for March 20, 2025.

This press release is for information purposes only and does not constitute an offer of securities, and the share Placement is strictly reserved for qualified investors as defined under Article 2(e) of EU Regulation (EU) 2017/1129, but also to international institutional investors, and under Article L.411-2-1° of the French Monetary and Financial Code.

Disclaimer.

Access to the information available in the following pages may be restricted in certain countries by applicable laws and regulations. Persons who are physically located in those jurisdictions and who would like to access the information available in the following pages must inform themselves about and observe such restrictions. Peugeot Invest assumes no responsibility if there is a violation of applicable law and regulations by any person.

With respect to each Member State of the European Economic Area (the “Relevant Member State”) which is subject to the provisions of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the “Prospectus Regulation”), this press release and the information contained herein is directed only at any legal entity which is a qualified investor as defined in the Prospectus Regulation. These restrictions with respect to any Relevant Member State apply in addition to any other restrictions which may be applicable in the Relevant Member State.

This press release and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories, the "United States"), Canada, Japan or Australia, and do not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to purchase or acquire, directly or indirectly, any shares or other securities of Peugeot Invest in the United States, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, Japan, Canada, Australia including any corporation or other entity organized under the laws of the United States, Japan, Canada or Australia.

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