One Equity Partners has announced today the disposal of 4,865,641 Faurecia shares, representing some 4.4% of Faurecia share capital. Furthermore, Mr. Lee Gardner is also participating in this transaction – on an individual basis – for 475,000 shares representing 0.4% of Faurecia share capital.
This disposal, compliant with the terms of the agreement signed with One Equity Partners, is carried out with Faurecia’s prior approval. Following this disposal, One Equity Partners will remain shareholder of Faurecia with 13% of Faurecia share capital. One Equity Partners is subject to a 12-month lock-up vis-à-vis Faurecia on its residual share, from February 8, 2010.
This disposal, which enlarges the free float by approx. 17%, will further significantly increase the liquidity of the share in the interest of all Faurecia shareholders.
With this deal, the Faurecia equity is split as follows:
| Peugeot SA |
57.4% |
| One Equity Partners |
13.0% |
| Free float |
29.2% |
| Employee fund & treasury |
0.4% |