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HRS announces the completion of the sale of 834,582 shares

HRS announced today the completion of the sale of 834,582 shares at a price of €24 per share to institutional and retail investors. Demand exceeded expectations with a subscription rate of 210% and a total demand of more than 25 million euros. This success increases the liquidity of HRS shares on the Euronext Growth market in Paris and marks the involvement of new shareholders in the company's long-term development.

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HRS announces today the completion of the sale of 834,582 shares at a price of €24 per share. Demand was very strong, recording a subscription rate of 210% compared to the initial offer of 500,000 shares, with a total demand of more than 25 million euros.

 

Increase in free float

The highly successful transaction increased the free float to 33% of HRS’ share capital, thereby contributing to the increased liquidity of the company’s shares on the Euronext Growth market in Paris.

 

Institutional and individual investors

The placement was made through accelerated book building with institutional investors in the European Economic Area and a public offering to retail investors in France via the PrimaryBid platform. HRS CEO Hassen Rachedi said: “We are very pleased with the success of this transaction. We would like to thank all the investors, both institutional and retail, who participated in this transaction, which demonstrates the attractiveness of HRS stock and its ambitious plans.”

 

Commitment to long-term development

HOLDING HR, the majority shareholder of HRS, will remain the majority shareholder of the company with 67% of the capital and 80.3% of the voting rights, fully involved in its long-term development. A 12-month lock-up agreement has been entered into with the Global Coordinators and Joint Bookrunners.

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