Raises €6.14m; market capitalisation €26m
Paris – 2 December 2015 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today announced the listing of Poulaillon, a family-owned bakery, catering and snack business, onAlternext in Paris.
Drawing on more than 40 years in baking, Poulaillon is a fast-growing business that is firmly established in Eastern France and employs over 500 people. Its client base includes 37 sales outlets as well as large corporate clients, notably in the mass retail sector. The company is also known for its flagship Moricette®, a roll made from pretzel dough that is sold plain and with fillings.
Poulaillon (ticker symbol: ALPOU) was listed through the admission to trading of the 5,111,119 shares making up its equity, including 1,204,819 new shares issued as part of a Global Offering[1].
The admission price and issue price of Poulaillon was set at €5.10 per share. Market capitalisation on the day of listing was €26 million, and the operation raised a total of €6.14 million.
Paul Poulaillon, Chairman and founder of Poulaillon, said: “We are delighted to join Alternext Paris today and we thank our new shareholders for their trust. Listing is a milestone for the Poulaillon Group. Funds raised will allow us to step up the development of both our sales outlets and orders from large corporate clients, along with our diversification into mineral water.”
Eric Forest, Chairman and CEO of EnterNext, added:“We are particularly happy to welcome Poulaillon as it lists on Alternext Paris—a reminder that family-owned bussinesses operating in traditional sectors definitely have a place on our markets. The bourse is an excellent financing tool for companies like Poulaillon and will enable them to grow faster and raise their profile.”
[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 Poulaillon
With over 40 years of know-how and firmly established in Eastern France, Poulaillon is today an integrated family group in the baking, catering and snacking sectors. Ever since the creation of the Moricette® in 1973, Poulaillon has continually innovated, offering a broad range of products that are marketed through its 37 sales outlets and through its large corporate clients, notably in the mass retail sector. Its products are prepared with great care in keeping with tradition. Every day, close to 500 employees contribute to the success of this group, which recorded revenue of 45.5 million euros in 2014 and 54 million euros in 2015.
For further information, go to www.poulaillon.fr