Streaming the change

Planned IPO

on Euronext Growth® Paris

Share information

Name : BROADPEAK

Ticker : ALBPK

ISIN code : FR001400AJZ7

Listing market : Euronext Growth® Paris

Indicative price range : Between €6.41 and €7.05 per range

ELIGIBILITY OF THE COMPANY AND ITS SHARES

Eligibility for the PME-ETI equity savings plan*

Bpifrance “innovative enterprise” label

* These mechanisms are conditional and subject to the limit of available caps. Interested parties should contact their financial advisor.

Intermediaries

You can also contact your financial intermediary (bank, online broker, brokerage firm) directly by telephone and give them the BROADPEAK ISIN code and/or ticker (ALBPK / ISIN : FR001400AJZ7, market : Euronext Growth® Paris) and the number of shares you wish to purchase.

If your financial intermediary is one of the intermediaries mentioned below, click directly on the logo to access your account and the BROADPEAK IPO transaction.

Indicative timetable

19 May
2022

Approval of the Prospectus by the AMF

20 May
2022

Start of the open-price offering

7 June
2022

Closing of the open-price offering at 5.00pm Paris time for OTC subscriptions and 8.00pm Paris time for online subscriptions

8 June
2022

Closing of the global placement at 12 noon Paris time.
Distribution of the press release indicating the result of the Offering

10 June
2022

Settlement-delivery of the open-price offering and the global placement

13 June
2022

Start of trading on Euronext Growth® Paris
Start of possible stabilisation period

8 July
2022

Deadline for exercising any overallotment option
End of possible stabilisation period

Terms

SHARE CAPITAL BEFORE THE TRANSACTION
A public limited company (société anonyme) with a board of directors, with share capital of €187,422.5 divided into 9,371,125 shares with a par value of €0.02 each.
CHARACTERISTICS OF THE SHARES
  • Name : BROADPEAK
  • Ticker : ALBPK
  • ISIN code : FR001400AJZ7
  • Listing market : Euronext Growth® Paris
  • ICB Classification : 15101010 – Electronic Components
  • LEI : 969500G6520V55FH1S74

Eligibility for the PME-ETI equity savings plan and BPI “innovative enterprise” label*

* These mechanisms are conditional and subject to the limit of available caps. Interested parties should contact their financial advisor.

STRUCTURE OF THE OFFERING

An offering to the public in France in the form of an open-price offering, mainly intended for private individuals, where:
The orders will be broken down according to the number of shares requested: order fraction A1 (from 1 share up to 250 shares) and order fraction A2 (over 250 shares);
The A1 order fractions will receive preferential treatment relative to the A2 order fractions in the event that all orders cannot be fully satisfied;

A global placement mainly intended for institutional investors comprising:
Placement in France;

and International private placement in certain countries, excluding in particular the United States of America, Japan, Canada and Australia.

If permitted by the request expressed under the OPO, the number of shares allocated in response to orders issued under the OPO will be at least equal to 10% of the number of shares offered under the Offering (before any exercise of the Extension Clause).

INDICATIVE PRICE RANGE
Between €6.41 and €7.05 per share offered.
This information is provided for information purposes only and is in no way indicative of the price of the Offering, which may be set outside this indicative range.
NUMBER OF SHARES OFFERED

2,971,768 new shares to be issued in connection with a share capital increase by way of a public offering.

A maximum of 445,765 new additional shares in the event of full exercise of the extension clause (i.e. 3,417,533 total shares).

A maximum of 512,629 existing shares that may be sold by the founders (Jacques Le Mancq for 256,603 shares, Fabrice Bellanger for 102,478 shares, Pierre Jean Guery for 38,387 shares, Ronan Riou for 38,387 shares and Pierre Parioleau, up to 38,387 shares, in the event of full exercise of the overallotment option).

EXTENSION CLAUSE
Up to 15% of the New Shares initially offered, i.e. a maximum of 445,765 Additional New Shares in the event of the exercise in full of the Extension Clause.
OVER-ALLOTMENT OPTION
A maximum of 512,629 existing shares that may be sold by the founders (Jacques Le Mancq for 256,603 shares, Fabrice Bellanger for 102,478 shares, Pierre Jean Guery for 38,387 shares, Ronan Riou for 38,387 shares and Pierre Parioleau, up to 38,387 shares, in the event of full exercise of the overallotment option).
GROSS PROCEEDS OF THE OFFERING

Approximately €20.0 million for 100% subscription of the capital increase (calculated on the basis of a price equal to the midpoint of the indicative range of the offering price, i.e. €6.73),

Around €23.0 million if there is full exercise of the extension clause (based on the midpoint of the offering’s indicative price range, i.e. €6.73),

Around €26.4 million if there is full exercise of the extension clause and the overallotment option (based on the midpoint of the offering’s indicative price range, i.e. €6.73).

COMPANY LOCK-UP AGREEMENT AND SHAREHOLDER HOLDING AGREEMENT
Company’s lock-up agreement: 180 days
Lock-up agreement entered into by certain shareholders of the Company (Founders of the Company as well as Eutelsat and Technicolor Delivery Technologies SAS): 365 calendar days
SUBSCRIPTION COMMITMENTS

To date, the Company has received subscription commitments from third-party investors for €7.5 million, with a price limit corresponding to the lower end of the indicative range of the Offering price, i.e. 39.4% of the Offering at the lower end of the range, broken down as follows:

  • Vatel Capital for €4 million;
  • Arbevel financial for €2.5 million;
  • Eiffel Investment Group for €1 million;
AVAILABILITY OF THE PROSPECTUS
Copies of the prospectus, approved by the AMF on 19 May 2022 under number 22-163, are available free of charge and upon request from the Company at the registered office of Broadpeak (15, rue Claude Chappe, 35510 Cesson-Sévigné) and on the websites of the AMF (https://www.amf-france.org) and of Broadpeak (https://investir.broadpeak.tv/en). Approval of the Prospectus should not be considered a favourable opinion on the securities offered or admitted for trading on Euronext Growth®.
RISK FACTORS
Investors are encouraged to carefully consider Chapter 3, “Risk factors”, of this Transaction Memorandum and Chapter 3 of the Registration Document before making any investment decisions. The occurrence of all or part of these risks is likely to have a negative impact on the Company’s activities, situation, financial results or the achievement of its objectives, as well as on the market price of the Company’s shares once they are admitted to trading on Euronext Growth®.

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