LONDON - J.P. Morgan SE has initiated a stabilization period for Asmodee Group AB's newly offered securities, starting today, according to a statement. As the designated stabilization coordinator, J.P. Morgan SE, along with BNP Paribas (OTC:BNPQY) as the stabilization manager, may undertake measures to support the market price of the securities.
The securities involved are EUR 5-year-Non-Call-1-year FRN Senior Secured Notes and EUR 5-year-Non-Call-2-year FXD Senior Secured Notes, with an aggregate nominal amount of €940 million. These notes are expected to be listed on The International Stock Exchange, although the offer price is yet to be confirmed.
During the stabilization period, which is anticipated to last until December 28, 2024, the stabilizing managers are authorized to over-allot securities up to 5% above the aggregate nominal amount. This action is intended to manage the securities' market price, ensuring it remains higher than what it might otherwise be without intervention. However, the stabilization activities are not guaranteed to take place and can cease at any time before the end of the period.
This stabilization mechanism is in compliance with the Commission Delegated Regulation EU/xxx/2016 under the Market Abuse Regulation (EU/596/2016). Transactions, if executed, will be conducted over the counter.
The announcement emphasizes that this information does not serve as an invitation or offer to underwrite, subscribe for, or acquire any securities of Asmodee Group AB in any jurisdiction. It is directed at high net worth individuals and professionals with investment experience in the United Kingdom (TADAWUL:4280) and qualified investors in the European Economic Area.
Moreover, the securities have not been registered under the United States Securities Act of 1933 and are not available for sale in the United States, nor will they be offered publicly within the country.
The information for this article is based on a press release statement.
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