Paris – 20 June 2013– NYSE Euronext (NYX) today celebrated the listing of Groupe FNAC, France's leading multimedia retailer of books, music and other cultural products and a major contender in Belgium, Brazil, Spain, Portugal and Switzerland, on NYSE Euronext in Paris.
Founded in 1954, Groupe FNAC is a well-known name in consumer electronics and cultural goods, with products ranging from music and videos to books, gaming, cameras, TVs, sound equipment and home computers. It also offers a full range of after-sales services including insurance, returns, etc., and sells tickets to plays, concerts and other events. At year-end 2012, Groupe FNAC had a 170-store chain including 103 stores in France and 16 franchises. The company also operates e-commerce sites that link its physical stores and Internet presence.
Groupe FNAC (ticker: FNAC) was listed through the admission to trading of the 16,595,610 shares making up its equity. At the same time, Kering S.A.[1] distributed Groupe FNAC shares to its shareholders — one Groupe FNAC share for every eight Kering shares held — along with an additional €2.25 cash dividend.
The admission and issue price of Groupe FNAC shares was €22 per share. Market capitalisation stood at around €365 million on the day of listing.
“With nearly 60 years' experience in its markets, Groupe FNAC is well-equipped to build its business as an independent entity and deploy its own growth strategy. Listing will raise its profile even more, enabling it to pursue an independent strategy, consolidate its strengths and ramp up its positions on markets in France and abroad,” said Marc Lefèvre, Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext.
NOTE
Starting today and until June 24, 2013, Kering and Groupe FNAC will be included in the CAC 40 index. Groupe FNAC's float will be identical to that of Kering (60%) in the index at the close of trading on June 19, 2013. The divisor remains unchanged. When markets open on June 24, 2013 and as part of the quarterly review of French indices, Groupe FNAC will be removed from the CAC 40. Its exit will be based on the last known price used to calculate the index at the close of trading on June 21, 2013.