One Equity Partners has disposed today of its 13% share in Faurecia’s capital, through a share placement to institutional investors. Prior to this placement, Faurecia had lifted the lock-up agreement held with One Equity Partners, which was defined in the terms of the EMCON Technologies acquisition contract. One Equity Partners entered into Faurecia’s capital following the acquisition of EMCON Technologies in February 2010, an acquisition paid exclusively in new Faurecia shares.
Following this disposal, One Equity Partners will no longer hold any Faurecia stock.
The Faurecia capital is now split as follows:
Yann Delabrière, Chairman and CEO of Faurecia stated: “We extend our warm thanks to One Equity Partners who have enabled us to perform the acquisition of EMCON Technologies, in line with our company strategy, in an activity which is key for our international growth. The disposal of the shares held by One Equity Partners will boost Faurecia’s investor appeal and is an additional asset for the future development of our Group.”
Lee Gardner, Partner at One Equity Partners and who was appointed to the Board of Directors of Faurecia in February 2010 following the acquisition of EMCON Technologies, will remain at the Faurecia Board of Directors as an independent member and will continue to offer Faurecia his expertise of the North American automotive industry.
This announcement does not constitute an offer of securities in the United States or in any other
country. The securities cannot be offered or sold in the United States without a registration or an
exemption from registration under the U.S. Securities Act of 1933 as amended. The Company does not intend to register the placement in whole or in part in the United States or to conduct a public offering in the United States.
This press release relates to a placement reserved for authorized investors and does not constitute a public offering of securities. No prospectus relating to the placement has been approved by the Autorité des marchés financiers or any other competent authority of another Government that is party to the Agreement on the European Economic Area and notified to the AMF. Faurecia will take no steps in connection with this offering to make an offer to the public in France or abroad.
This announcement does not constitute, and shall in no circumstances constitute, a public offer of securities or a solicitation to participate in any offer.
The distribution of this announcement is prohibited in all countries where it could constitute a violation of applicable laws. In particular, this release should not be published in the United States, Canada, Australia or Japan.
Faurecia is the world's sixth automotive equipment suppliers with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2009, the Group posted pro-forma sales of 11.3 billion euros, including Emcon Technologies and Plastal Germany. It employs 62,000 people in 32 countries at 200 sites and 33 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange. For more information, visit: www.faurecia.com
Olivier Le Friec
Media Relations Manager
Tel.: +33 (0)1 72 36 72 58
Cell: +33 (0)6 76 87 30 17
Investor Relations Director
Tel.: +33 (0)1 72 36 75 70
Cell: +33 (0) 6 64 64 61 29