La Française de l'Energie fait ses premiers pas en bourse

Back

37.5 million raised; market capitalisation €125 million

Paris – 13 June 2016– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today welcomed La Française de l’Energie, a key player in local energy production, on its first day of trading in compartment C of the Euronext Paris regulated market.

A French SME specialised in assessing and producing gas resources within France, La Française de l’Energie has been operating in the Lorraine region since 2009. The company’s key expertise is in the recovery of methane from coal deposits in former mining regions. Following certification of proven reserves in the Lorraine basin and Northern France, the company is now focused on the production of this high-quality “made in France” gas. La Française de L’Energie aims to leverage its listing to become a leading player in gas production in France and elsewhere in Europe, particularly Germany and Belgium.

La Française de l’Energie(ticker symbol: LFDE) was listed through the admission to trading on 13 June 2016 of 4,615,509 common shares, including 1,388,889 shares issued as part of a Global Offering[1].  

The admission and issue price of La Française de l’Energie’s shares was set at €27 per share. Market capitalisation on the day of listing was €125 million, and the total amount raised was €37.5 million.

Julien Moulin, Chairman and CEO of La Française de l’Energie, said:“We are very pleased to have completed our IPO on Euronext Paris and to welcome new investors alongside the historical shareholders who have renewed their trust in our team and its vision. We thank each of them for putting their trust in La Française de l’Energie. This capital raising is a significant step in our development strategy and will enable us to focus on the implementation of supply circuits to link up with our locally produced energy resources.”


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

About La Française de l’Energie
La Française de l’Energie is a young, innovative company (Bpifrance label) based in Forbach in the Lorraine region of France. Operating locally since 2009, this dynamic SME employs nearly 20 people, and is already a leader in evaluating gas resources in France. Française de l’Energie specialises in CBM (coal-bed methane), and its experienced technical team has demonstrated the presence of significant gas resources in coal seams found in former French mining basins. To produce this new-generation energy, which is both clean and strategic, Française de l’Energie is developing an ambitious project based on recognised expertise.

 

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.