Eiffel Tower Company: Launch of a Capital Increase

Société de la Tour Eiffel announces a capital increase of €600 million, with preferential subscription rights maintained. Set at €5.15 per new share, this operation offers a price 21.7% higher than the price on December 16, 2024. The initiative is supported by the SMABTP group, guaranteeing a minimum subscription of 75%.

This contribution aims to strengthen the company's real estate transformation strategy, both for refinancing and to adapt to changes in the real estate market. The subscription period runs from December 23, 2024 to January 10, 2025, with tradable rights on Euronext Paris.

While some major shareholders have not planned to subscribe, SMABTP's commitment constitutes a key support for this transaction. It should be noted that the challenge of complying with the SIIC regime remains, which is important for future distribution capacity. The funds will be used to repay debts and anticipate potential market opportunities.