LONDON - Societe Generale (OTC:SCGLY) SA has initiated a stabilization period for securities issued by luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton S.E, commencing today, Monday, with the intention of supporting the market price of the securities post-offering.
The stabilization period, which is expected to last no longer than June 6, 2025, may involve transactions by Societe Generale’s Corporate and Investment Banking division (SG CIB) to maintain the securities’ market price above levels that might otherwise prevail in the open market. These efforts are in line with EU and UK market abuse regulations, which allow for such measures under specified conditions.
The securities in question include an aggregate nominal amount set at a EUR benchmark, with details on the coupon and maturity yet to be disclosed. The stabilization maneuvers may include over-allotment of securities, which is permissible under applicable laws.
Stabilization activities, while aimed at supporting the securities’ market price, are not guaranteed to occur and can be discontinued at any time at the discretion of the Stabilisation Manager(s). Any actions taken will be subject to legal and regulatory constraints designed to ensure market integrity.
The announcement clarifies that this information is not an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the U.S. absent registration or an exemption from registration requirements.
The offer is directed exclusively at qualified investors in the UK and EEA Member States in accordance with the EU and UK Prospectus Regulation and is not intended for general public distribution.
This stabilization notice is based on a press release statement and provides investors with factual information about the potential market activities related to LVMH securities. It should not be construed as an endorsement of the securities or a recommendation to participate in the stabilization.
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