LONDON - J.P. Morgan SE, acting as Stabilisation Coordinator, has announced the completion of a securities offering by Asmodee Group AB, confirming that no market stabilization activities were conducted in relation to the offering. The offering involved an aggregate nominal amount of EUR 600 million in Senior Secured Notes, divided into a 5-year-Non-Call-1-year Floating Rate Note (FRN) and a 5-year-Non-Call-2-year Fixed Rate Note (FXD), both listed on The International Stock Exchange.
The securities were offered at a price of 100% with a 5.75% yield. Stabilization efforts, which are measures taken by underwriters to support the market price of securities after their initial offering, were not deemed necessary by the Stabilisation Manager(s) in this case. The team included J.P. Morgan SE in the role of Stabilisation Coordinator and BNP Paribas (OTC:BNPQY) as the Stabilisation Manager.
The announcement made today follows the pre-stabilisation period notice issued on June 26, 2024, and serves to provide clarity on the post-stabilisation period activities. According to the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority, no stabilization was undertaken by the named Stabilisation Manager(s).
Stabilization activities can often provide insights into the demand and liquidity of new securities, and the absence of such actions may indicate confidence in the issue's uptake by investors. However, the press release did not elaborate on the reasons for the lack of stabilization measures or the market's reception of the securities.
The announcement is purely informational and does not represent an offer or invitation to underwrite, subscribe for, or acquire securities in any jurisdiction. The information provided is based on a press release statement, and it is intended to keep market participants informed in accordance with regulatory requirements.
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