Saint-Herblain (France), November 1, 2021 – Valneva SE, a specialty vaccine company, announced today that the underwriters of its global offering of an aggregate of 4,500,000 new ordinary shares, consisting of a private placement of 4,466,880 ordinary shares in Europe (including in France) and other countries outside of the United States (the “European Private Placement”) and a concurrent public offering of 16,560 American Depositary Shares (“ADSs”), each representing two ordinary shares (the “U.S. Offering”, and, together with the European Private Placement, the “Global Offering”), have exercised in full their option to purchase up to 675,000 additional new ordinary shares in the form of 337,500 ADSs. The additional ADSs will be delivered concurrently with the closing of the Global Offering on or about November 2, 2021.
As a result, the total number of Valneva’s ordinary shares (including in the form of ADSs) issued in the Global Offering amounts to 5,175,000 ordinary shares, including 708,120 ordinary shares represented by 354,060 ADSs, each representing two ordinary shares, bringing the gross proceeds of the Global Offering to approximately $102.0 million (€88.0 million).
Goldman Sachs, acting as the stabilizing agent on its own behalf and on behalf of the other underwriters, reported that no stabilization activities had been carried out and the stabilization period is now closed.
The Company has filed a registration statement, including a prospectus, relating to these securities with the U.S. Securities and Exchange Commission (“SEC”), which was declared effective by the SEC on October 28, 2021. The offering was made by means of a prospectus and copies of the prospectus relating to and describing the terms of the Global Offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 866-471-2526, facsimile: 212-902-9316, e-mail: prospectus-ny@ny.email.gs.com or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at +1 877 821 7388 or by email at Prospectus_Department@Jefferies.com.
No prospectus subject to approval by the French Autorité des Marchés Financiers (“AMF”) has been filed in France in connection with the Global Offering.
Application will be made to list the new ordinary shares to be issued pursuant to the Global Offering on Euronext Paris.
Über Valneva SE
Valneva ist ein Impfstoffunternehmen, das sich auf die Entwicklung und Vermarktung von prophylaktischen Impfstoffen gegen Infektionskrankheiten mit hohem ungedeckten medizinischen Bedarf spezialisiert hat. Das Unternehmen verfolgt bei der Impfstoffentwicklung einen hochspezialisierten und zielgerichteten Ansatz an und wendet sein tiefes Verständnis der Impfstoffwissenschaft an, um prophylaktische Impfstoffe gegen diese Krankheiten zu entwickeln. Durch Einsatz seines Fachwissens und seiner Fähigkeiten konnte das Unternehmen zwei Impfstoffe erfolgreich vermarkten und mehrere Impfstoffkandidaten schnell in und durch die klinische Entwicklung bringen, darunter Kandidaten gegen Borreliose, das Chikungunya-Virus und COVID-19.
For additional information, please contact:
| Medien & Investorenkontakte
Laëtitia Bachelot-Fontaine VP Global Communications & European Investor Relations M +33 (0)6 4516 7099 laetitia.bachelot-fontaine@valneva.com |
Joshua Drumm Senior Corporate Communications Specialist T +43-1-206 20-1116 teresa.pinzolits@valneva.com |
DISCLAIMER
This press release contains certain forward-looking statements concerning the Global Offering as well as the Company and its business, including its prospects, products and product candidate development. Such forward-looking statements are based on assumptions that the Company considers to be reasonable. However, there can be no assurance that the estimates contained in such forward-looking statements will be verified, which estimates are subject to numerous risks including the risks set forth in section 1.5 of the universal registration document of the Company registered with the AMF under number D.21-0286 on April 9, 2021, completed by the amendment to the universal registration of the Company registered with the AMF under number D.21-0286-A01 on October 26, 2021 (copies of which are available on the Company’s website), and to the development of economic conditions, financial markets and the markets in which the Company operates. The forward-looking statements contained in this press release are also subject to risks not yet known to the Company or not currently considered material by the Company. The occurrence of all or part of such risks could cause actual results, financial conditions, performance or achievements of the Company to be materially different from such forward-looking statements.
Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren in irgendeiner Jurisdiktion dar und ist auch nicht als Angebot, Aufforderung oder Verkauf in einer Jurisdiktion zu verstehen, in der ein solches Angebot, eine solche Aufforderung oder ein solcher Verkauf vor der Registrierung oder Qualifizierung gemäß den Wertpapiergesetzen dieser Jurisdiktion ungesetzlich wäre. Die Registrierungserklärung kann von der Öffentlichkeit auf der Website der SEC eingesehen werden.
This announcement is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the “Prospectus Regulation”).
In France, the European Private Placement described above will take place solely as a placement to the benefit of categories of persons, in accordance with Article L. 225-138 of the “Code de commerce” and applicable regulations. The European Private Placement is reserved, in Europe (including in France), to “qualified investors”, as that term is defined in Article 2(e) of the Prospectus Regulation.
In relation to each member state of the European Economic Area other than France (each, a “Relevant Member State”), an offer of the securities referred to herein is not being made and will not be made to the public in that Relevant Member State, other than: (i) to any legal entity which is a qualified investor as defined in the Prospectus Regulation; (ii) to fewer than 150 natural or legal persons per relevant member state; or (iii) in any other circumstances falling within Article 1(4) of the Prospectus Regulation; provided that no such offer of the securities referred to herein shall require the Company to publish a prospectus pursuant to Article 3 of the Prospectus Regulation. For the purposes of the above, the expression an “offer to the public” in any Relevant Member State shall have the meaning ascribed to it in article 2(d) of the Prospectus Regulation.
This communication is being distributed only to, and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order“), and (c) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons“). Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.
Ausschließlich für die Zwecke des Produktgenehmigungsverfahrens jedes Herstellers hat die Zielmarktbewertung in Bezug auf Stammaktien zu der Schlussfolgerung geführt, dass: (i) es sich bei dem Zielmarkt für die Stammaktien um geeignete Gegenparteien, professionelle Kunden und Kleinanleger handelt, jeweils wie in der Richtlinie 2014/65/EU in ihrer geänderten Fassung ("MiFID II") definiert; und (ii) alle Kanäle für den Vertrieb der Stammaktien an geeignete Gegenparteien, professionelle Kunden und Kleinanleger angemessen sind. Jede Person, die die Stammaktien später anbietet, verkauft oder empfiehlt (eine "Vertriebsstelle"), sollte die Zielmarktbewertung des Herstellers berücksichtigen; eine Vertriebsstelle, die der MiFID II unterliegt, ist jedoch dafür verantwortlich, ihre eigene Zielmarktbewertung in Bezug auf die Stammaktien vorzunehmen (indem sie entweder die Zielmarktbewertung des Herstellers übernimmt oder verfeinert) und geeignete Vertriebskanäle zu bestimmen. Um jeden Zweifel auszuschließen, haben die Konsortialbanken beschlossen, dass sie nur Anleger für die Stammaktien vermitteln werden, die die Kriterien für geeignete Gegenparteien und professionelle Kunden erfüllen, selbst wenn der Zielmarkt Kleinanleger umfasst.
Diese Pressemitteilung wurde sowohl in französischer als auch in englischer Sprache verfasst. Im Falle von Abweichungen zwischen den beiden Texten ist die französische Fassung maßgebend.