Verallia launches its initial public offering

Indicative timetable for the Global Offering
The OPO will begin on 23 September 2019 and is expected to close at 5pm (Paris time) on 2 October 2019 for orders placed in person, or at 8pm (Paris time) for orders placed online.
The International Offering will begin on 23 September 2019 and is expected to close at 1pm (Paris time) on 3 October 2019.

Trading of Verallia shares on the regulated market of Euronext Paris, on a trading line entitled “Verallia Promesses”, is expected to begin on 4 October 2019.
Settlement and delivery of the Global Offering is expected to occur on 7 October 2019.

Reasons for the Global Offering
The objective of Verallia’s IPO is to enable the company to increase its visibility among its customers and partners and provide it with greater flexibility to seize future growth opportunities. The Global Offering will also provide liquidity to the Selling Shareholders.

Only the Selling Shareholders will receive the proceeds from the offer of the sale shares within the IPO.

Subscription commitments
Bpifrance Participations, who holds as of the date hereof c. 10 percent of the share capital of Horizon Parent Holdings, one of the Selling Shareholders, has committed to place an order in the order book of the International Offering in an amount of 40 million EUR.

BWSA, a Brazilian investment company, has committed to place an order in the order book of the International Offering in an amount of 275 million EUR.

Revocation of purchase orders
Purchase orders placed online as part of OPO will be revocable online until the end of the OPO (i.e., 2 October 2019 at 8:00pm (Paris time)). It is up to investors to contact their financial intermediary to ensure that orders placed through other channels are revocable and under which conditions, and if orders placed online are revocable otherwise than online.

Any order placed as part of the International Offering is revocable with the underwriting financial intermediary mentioned below who received such order until 3 October 2019 at 1:00pm (Paris time), subject to early closing or extension.

Financial Intermediaries
BNP Paribas, Citigroup and Deutsche Bank AG, London Branch are acting as Global Coordinators, Joint Lead Managers and Joint Bookrunners.
Banco Santander, Barclays, Crédit Agricole Corporate and Investment Bank, Credit Suisse and Société Générale are acting as Joint Lead Managers and Joint Bookrunners.
Apollo Global Securities, LLC and Raiffeisen Centrobank AG are acting as Co-Joint Lead Managers.

Lock-up undertakings
The Company will agree to a lock-up undertaking for a period of 180 calendar days following the date of settlement and delivery of the Global Offering, subject to certain customary exceptions.

Horizon Parent Holdings will agree to a lock-up undertaking for a period of 180 calendar days following the date of settlement and delivery of the Global Offering, subject to certain customary exceptions.

The Managers (including Mr. Michel Giannuzzi, Chairman and CEO), will agree to a lock-up undertaking for a period of 365 calendar days following the date of settlement and delivery of the Global Offering, subject to certain customary exceptions.

Certain Co-investors will agree to a lock-up undertaking for a period of 180 calendar days following the date of settlement and delivery of the Global Offering, subject to certain customary exceptions.

Bpifrance Participations will agree to a lock-up undertaking for a period of 180 calendar days following the date of settlement and delivery of the Global Offering, subject to certain customary exceptions.

BWSA will agree to a lock-up undertaking for a period of 365 calendar days following the date of settlement and delivery of the Global Offering, subject to certain customary exceptions.

Information available for consultation by the public
Copies of the French prospectus, approved by the AMF under n° 19-450 on 20 September 2019, consisting of the registration document approved on 4 September 2019 under number I.19-031, a securities note and a summary of the prospectus (included in the securities note), are available free of charge upon request from the company at Verallia, 31 Place des Corolles, Tour Carpe Diem, Esplanade Nord, 92400 Courbevoie, France, as well as on the AMF website (