STIF launches a sale of 500,000 shares

STIF has announced the launch of a sale operation of approximately 500,000 shares. These shares, representing 9.8% of the share capital, will be sold at a unit price of 21 euros, implying a discount of 11% compared to the average of the last three months. The historical shareholders, José, Manuel and Valérie Burgos, are at the origin of this initiative.

As part of this transaction, STIF aims to increase the liquidity of its share and broaden its investor base. The placement will be made via an accelerated construction of an order book for institutional investors and an open offer to the public in France via PrimaryBid.

With this sale, the float will increase from 31% to 41%. The selling shareholders will nevertheless keep the majority of the share capital post-transaction. Finally, a shareholders' agreement and a commitment within the meaning of the Dutreil Pact have been established to guarantee family control of STIF.