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AIRWELL GROUP lists on Euronext Growth Paris

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  • Transfer from the compartment Euronext Paris Access+, where AIRWELL GROUP was listed since 2021, to Euronext Growth
  • 6.1 million raised
  • Market capitalisation of €30.4 million

 

 

Paris – 27 June 2023 – Euronext congratulates AIRWELL GROUP, creator of smart energy ecosystems, on its listing on Euronext Growth Paris (ticker code: ALAIR).

AIRWELL GROUP is a leading French provider of heating, ventilation and air conditioning (HVAC) solutions, operating in 80 countries. In a market driven by the energy transition, the company innovates by offering a wide range of energy-efficient products and climate and thermal solutions tailored to specific needs and uses of residential and tertiary markets. AIRWELL GROUP listed today on Euronext Growth to pursue its ambition of becoming the French leader in sustainable climate and thermal solutions for the building industry.

AIRWELL GROUP was listed on June 27 through the admission to trading of the 6,083,542 shares making up its equity, of which 1,210,000 new shares were admitted under a Global Offering[1], after full exercise of the extension option and the over-allotment option. Listed on Euronext Paris Access+ in 2021, the company is now entering a new phase of its stock market journey, allowing them to access new individual and institutional shareholders. The admission and issue price of AIRWELL GROUP shares were set at €5.00 per share. AIRWELL GROUP raised €6.1 million[2] in the offer after the exercise of the extension clause and the over-allotment option.

Laurent Roegel, CEO of AIRWELL GROUP, said: "We are very happy to celebrate today the listing of our Group on Euronext Growth. As a key player in climatic and thermal solutions based on needs and uses, AIRWELL GROUP wishes through this stock market operation to support its ambitious development projects and pursue the development of a complete offer of climatic and thermal solutions for the residential and tertiary markets. This new step represents a decisive turning point in AIRWELL GROUP's development, providing us with an opportunity for increased visibility with international investors."

 

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[1] The Global Offering was made up of a Public Offering that included a Fixed Price Public Offering and a Global Placement with institutional investors in France and other countries.

[2] Including a €5.5m capital increase.

 

 

CONTACT EURONEXT mediateam@euronext.com

Sarah Mound (Corporate, Paris)

+33 1 70 48 24 45

smound@euronext.com

Contact AIRWELL

Dina Morin

+33 1 80 81 50 00

dmorin@capvalue.fr

 

About Airwell

Founded in France in 1947, Airwell is a leading French provider of heating, ventilation and air conditioning (HVAC) solutions. In a market driven by energy transition, the company aims to become one of the leaders in Europe and a key player in climate and thermal solutions tailored to specific needs and uses, with a global presence in 80 countries.

www.groupe-airwell.com

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