VALTECH : Issue of all 23,153,666 redeemable equity warrants

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Issue proceeds of ¤ 0.7 million and potential capital increase of ¤ 6.3 million in the event of exercise of all warrants at maturity

Paris (France), 8th July 2013 - Valtech S.A. [EURONEXT Paris : FR0011505163 - LTE], first independent European agency in digital and technology marketing, announces the result of the issue of redeemable equity warrants (REW) (read the press release of 13th May 2013 here)
At the end of the subscription period ending July 4, 2013, all REW offered were subscribed by senior managers and executive employees, i.e. 23,153,666 warrants at a unit subscription price of ¤ 0.03 representing issue proceeds of ¤ 694,610.

This issue allows the immediate strengthening of the financial structure, with issue proceeds of 695 K ¤, and aims to strengthen finances in the long term through the issue of warrants (¤ 6.3 million on exercise of all REW), to ensure the continued development of Valtech. This will also involve key managers and senior employees in the group's strategy and ensure their loyalty.

KEY FEATURES OF THE WARRANTS

EXERCISE PARITY 8 warrants are equal to one new consolidated share (FR0011505163 - LTE)
EXERCISE PRICE  ¤ 2.16
EXERCISE PERIOD From 12 July 2016 to 11 July 2017 for min 25% and max 50% of the warrants

From 12 July 2017 to 12 July 2018 for the rest of the REW
EXERCISE PROCEEDS  ¤ 6,251,490 (in case of exercise of all warrants)
LISTING No application for admission to trading on a regulated market




INDICATIVE TIMETABLE OF THE WARRANTS

12 july 2015 Opening of the possibility for buyback by the company
12 july 2016 Opening of the first warrant exercise period
11 july 2017 Closure of the first warrant exercise period
12 july 2017 Opening of the second warrant exercise period
12 july 2018 Closure of the second warrant exercise period

The Prospectus relating to this issue, which has received approval n° 13-206 dated 10 May 2013 from the Financial Markets Authority, is available on the Valtech website www.valtech.com, and on the Financial Markets Authority website, www.amf-france.org.

FINANCIAL CALENDAR

  • The revenue of the second quarter of 2013 (April - June) will be published on July 18, 2013, after market close.
  • The 2013 half-year results will be published on September 2, 2013, after market close.
  • The revenue of the third quarter of 2013 (July-September) will be published on November 4, 2013, after market close.

ABOUT VALTECH
Valtech [Euronext Paris: FR0011505163 - LTE] is a digital marketing agency, pioneer in technologies, with a presence in eight countries (France, UK, Germany, Sweden, Denmark, United States, India, Korea) and approximately 1,600 employees. As a "digital full service" player, Valtech knows how to add value to its customers at all stages of a digital project: strategy consulting, design, graphic design, development and optimization of business-critical digital platforms. Thanks to its renowned commitment to innovation and agility, Valtech helps brands to develop and grow their business through web technologies while optimizing time to market and return on investment.

INVESTORS CONTACT
Mr Sebastian Lombardo
CEO +33 (0)1 77 35 04 37
investors@valtech.com
 

FINANCIAL PRESS CONTACT
ACTUS - Nicolas Bouchez
+33 (0)1 77 35 04 37
nbouchez@actus.fr

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