La société familiale Cogelec s’introduit sur Euronext Paris

First IPO for a company from Euronext’s FamilyShare programme raises €38.7 million; market capitalisation totals around €105 million

Paris – 18 June 2018 – Euronext today welcomed Cogelec, the French leader in access control systems for building complexes, to Euronext Paris.

Founded in 2000, Cogelec produces innovative entry and access solutions especially for residential building complexes. The company is based in western France [Mortagne sur Sèvre] and is the sole French business to design, manufacture and market door-entry intercoms and other access control systems. It now exports its products to 12 European countries.

Cogelec took part in FamilyShare, a programme set up by Euronext in tandem with European partners to assist and coach individuals from unlisted family-owned companies interested in financing solutions offered by the stock market through IPOs or other operations. Cogelec has now joined the 243 family-owned companies listed on all Euronext markets, representing a total market capitalisation of €1,124 billion.

Cogelec (ticker code: COGEC) made its market debut on 18 June 2018 through the admission to trading of the 8,898,048 shares making up its capital, including, 3,292,275 new shares issued through a Global Offering^[1] after the full exercise of the extension clause and before partial exercise of the over-allotment option.

The offering price was set at €11.75 per share. Market capitalisation on the day of listing was around €105 million, and the operation raised a total of €38.7 million.

At the listing ceremony Cogelec Chairman and CEO Roger Leclerc said: “Today we are very pleased to announce the success of our initial public offering on Euronext Paris, and we would like to thank all the individual shareholders and institutional investors who have placed their trust in us at this time. The success of this transaction is a decisive step towards achieving our ambition of becoming the European leader in access control systems for building complexes.”

For more information about the FamilyShare programme, visit our website: https://www.euronext.com/en/raise-capital/family-business

_{^[1]The Global Offering was made up of a Public Offering that included an Open Price Offer (OPO) in France and a Global Placement with institutional investors in France and other countries.}

_{About Cogelec

COGELEC is the French leader in access control systems for building complexes. As early as 2007, COGELEC created the first universal wireless intercom solution under the Intratone® brand. This unique offering boasts a disruptive economic model which simultaneously includes equipment, an intercom solution and an online management tool.COGELEC has already outfitted 850,000 dwellings, including 150,000 new dwellings in 2017, out of a potential total of 15.4 million in France. Present on the export market for five years, COGELEC also offers its solutions in Germany, the United Kingdom, the Netherlands and Belgium through existing subsidiaries or those currently being launched. Based on an indirect distribution model associated with a strong local relationship with end customers (social housing landlords and co-owners’ associations), COGELEC posted solid performances, with revenue up nearly 17% to €30.6m in 2017, for current operating income of €5m and net income of €2.9m. COGELEC aims to triple its revenue to €90 million by 2021. For more information: www.cogelec.fr}

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