LONDON – JP Morgan SE has announced that it has not taken any steps to stabilize Kapla Holding SAS's securities recently. This announcement, dated January 10, 2025, follows the initial announcement of the stability period made on January 9, 2025.
Kapla Holding SAS issued EUR 400 million worth of 6.25-year non-call 2-year senior secured notes, which were listed on the Luxembourg Stock Exchange. The offer price of these warrants is set at 100.
Stabilization efforts are activities that underwriters may undertake to support the value of a security after its initial offering. However, in this case, JP Morgan SE, acting as the stabilization coordinator, and Credit Agricole (OTC:) CIB as the stabilization manager, did not take any such actions during the authorized period to do so.
The announcement clarifies that the information provided is for informational purposes only and should not be considered as an invitation or offer to buy or sell any securities of the Issuer in any location.
Settlement operations are regulated under Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority. The absence of stabilization actions indicates that the market acceptance of Kapla Holding's new securities did not require intervention by the underwriters to maintain their value.
Investors and market watchers often look at consolidation announcements as they can provide insights into the demand and market stability of new securities.
This disclosure is based on a press release and is intended to provide market participants with factual information about the post-stabilization period of Kapla Holding SAS's Securities' offer.
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