Follow
Hoffmann Green Cement Technologies
Euronext Growth Paris (France)
Hoffmann Green Cement Technologies specializes in the production and marketing of decarbonated cement. At the end of 2018, the group operated a production site in France. The majority of net sales is generated in France.
Sector:
MATERIALS
>
Construction Materials
Sector:
INDUSTRIALS
>
Building Products
News
Nothing to display for this company
Instruments & Events
The shares and options available for this company. Including past events like IPOs, direct listings and exercise periods.
Type
Ticker
ISIN
Market
SHARE
ALHGR
FR0013451044
Euronext Growth Paris
France (FR)
Details of share in Hoffmann Green Cement Technologies with ticker ALHGR
Status
Active
Order book id
Amount of instruments
13 128 284
Par value
Market cap
Currency
EUR
Segment
Euronext Growth public offering
First trading date
21 Oct 2019
Terms
Type
Price
Pre-money valuation
Time
IPO
18.00 EUR
02 Oct - 15 Oct 2019
IPO in Hoffmann Green Cement Technologies
Market
Euronext Growth Paris
Subscription period
02 Oct - 15 Oct 2019
Subscription price range
15.66-19.14 EUR
Subscription final price
18.00 EUR
Price per share range
15.66-19.14 EUR
Final price per share
18.00 EUR
Target to raise
72 700 000 EUR
Types
Share issue
Pre-money valuation
Subscription block size
Minimum subscription
200
Record date
16 Oct 2019
Offer status
Closed
Listing status
Listed
First trading date
21 Oct 2019
Issue terms
Market members will key subcription orders in SCORE the received orders at 10 a.m. at the latest on 16/10/2019. Subscription orders placed are irrevocable and will be valid up to (and including) 16/10/2019.
Result of offer
The Offer met a very strong demand from French and foreign institutional investors, as well as from individual shareholders, demonstrating a global awareness of the stakes taken by the Company. Overall demand was 7,016,887 shares, an oversubscription rate of approximately 2.2 times the Initial Offer.

Given the strong demand noted, the Company's Management Board, meeting today, set the price of the Offer at € 18.0 per share, in the upper part of the indicative price range. It was further decided to exercise the entire extension clause.

The IPO allows the Company to carry out a capital increase of € 65.4 million after full exercise of the extension clause, which can be increased to a total amount of € 75.2 million in the event of full exercise of the the over-allotment option.

Based on the IPO price of 18.0 euros per share, the market capitalization of Hoffmann Green Cement Technologies amounts to approximately 236.3 M € and could be increased to 246.1 M € in the event of full exercise of the over-allotment option.
Comments for offer & related information
Pricing date / Announcement IPO price: A market notice will be published on 16/10/2019.
Shares offered (excluding extension clause and overallotment option): Maximum of 3,160,919 new ordinary shares based on the mid point of the indicative price range.
Extension option: Maximum of 474,137 new additionnal ordinary shares based on the mid point of the indicative price range.
Over-allotment option: Maximum of 545,258 new additionnal ordinary shares based on the mid point of the indicative price range.

Swedbank Robur Fonder AB, Sycomore AM, BNP Paribas Développement, CDC Croissance (on behalf of the fund CDC TECH Croissance), Arbevel, Amplegest and Groupe Bâtisseurs d'Avenir have pledged to place subscription orders in cash without price indication, for a total of €18.0 million, i.e. 32.7% of the gross amount of the Offering (based on the mid-point of the Indicative Price Range, before the exercise of the extension clause and overallotment option).

In addition, the holders of the Convertible Bonds issued by the Company on June 7, 2019 will subscribe to the Offering by offsetting receivables for an amount of €17.6 million, bringing the total amount of subscription commitments to €35.6 million, i.e. approximately 65% of the gross amount of the Offering (based on the mid-point of the Indicative Price Range, before the exercise of the extension clause and overallotment option).
People
Julien Blanchard
Chairman of the board
David Hoffmann
Board member
Company Details
Sector
MATERIALS, INDUSTRIALS

Address
La Bretaudière, Chaillé-sous-les-Ormeaux
Zip code
FR-85310
City/district
Rives de l’Yon
Country
France (FR)
Registration number
809705304
LEI code
9695000ETCC5C2IUVB29
First trade date
17 Oct 2019
Registration date
13 Feb 2015
Short name
Hoffmann
Largest shareholders
Julien Blanchard
34.97%
Flottant
23.18%
David Hoffmann
20.61%

We use cookies to make your experience using IPOhub better. By using our site you agree to our use of cookies. Learn More