Rentabiliweb: Successful Public Offering to Institutional Investors and Individual Shareholders

USA - English

• USA - English

    BRUSSELS, February 12 /PRNewswire-FirstCall/ --

    - Offer Over-subscribed
    - Final price set at EUR 7.05

    - Continuous Relisting on Euronext (Brussels and Paris)
    - February 15th 2010 at 9:00

    - Total amount of the operation: MEUR 19.1

This press release constitutes regulated information under the terms of the Royal Decree of 14 November 2007, as applicable under the terms of the Royal Decree of 21 August 2008.

Rentabiliweb Group SA is announcing the success of its public offering linked to its change of markets. The details of this operation are provided below.

The offering was very well received, both by individual and institutional investors, with an overall demand 1.6 times higher than the number of shares made available on the market, despite a particularly difficult stock market environment.

This success allows Rentabiliweb to look confidently towards its future development and provides it with additional financial flexibility to speed up its organic growth and be able, if necessary, to fund targeted acquisitions that will create value for its shareholders.

In addition, the main aim of this operation has been met: the security's marketability and liquidity have been considerably strengthened and the free float available on the Euronext regulated market amounts to 29.1% of the capital before exercise of the over-allotment option.

The price has been set slightly above the mid-price at EUR 7.05 per share in order to take into account both the quality of the order book and the strong interest shown by investors despite current market conditions.

This operation, for an overall total of EUR 19.1 million namely enables the Group to increase its capital by EUR 6.9 million (extension option included), before exercising the over-allotment option. In the event the over-allocation option was fully exercised, the amount of the capital increase would be EUR 9.8 million. Within the framework of the operation, all the available shares (978 722 new shares, extension option included, and 1.737.170 existing shares) have been allotted. Further, 407.383 shares have been over-allotted. Priority has been given to all the orders placed by individual shareholders and they have all been served.

"The success of this operation means much more than strengthening our financial resources: it opens a new chapter in the Group's stock market history, with a considerably stronger free float and a large number of new shareholders, both individuals and institutions, in France and abroad, alongside leading personalities such as Francois-Henri Pinault and Pierre Berge," stated Jean-Baptiste Descroix-Vernier, Chairman of Rentabiliweb.

Following this operation and prior to exercise of the over-allotment option, Jean-Baptiste Descroix-Vernier, Chairman of the Board of Directors, and Saint Georges Finance will retain 51.7% of the Group's capital. As part of this operation, shareholders who are selling their shares have promised not to issue or transfer shares in the company, in any way whatsoever, subject to certain standard exceptions, for a period of 180 days.

The Shares are to be continuously listed on Euronext Paris and Brussels on 15 February 2010, under ticker BIL and ISIN code BE0946620946.

Rentabiliweb wishes to thank all of its partners who have actively contributed to the success of the operation: Kepler Capital Markets, sole bookrunner and lead manager; Arkeon Finance SA, lead manager; Weghsteen & Driege SA, brokerage in Belgium; Nauta Dutilh, legal advisors; and its communications consultancies, Calyptus and Image 7.

The Group, a major player in audience monetization, is expected to generate 9 to 12% growth in sales (consolidated) as well as continued growth in its annual EBITDA margin (EBITDA / Sales) in 2009. The Group's revenue for 2009 will be made public to the market on 23 February 2010 and its yearly profits will be published on 23 March 2010.

    Tentative Schedule

    Key dates         The following dates are tentative and may vary based on
                      unforeseen circumstances:
    11-12 February    Suspension of listing on Alternext Brussels and
    2010              Alternext Paris
    12 February 2010  Delisting from Alternext Brussels and Alternext Paris
    (evening)
    15 February 2010  Date of admission of all Rentabiliweb Shares for listing
                      on Euronext Brussels and Euronext Paris and continuous
                      relisting under the ISIN code BE0946620946
    15 February 2010  Date of settlement and delivery
    23 February 2010  Publication of revenue for 2009
    16 March 2010     Deadline for exercise of the Over-allotment Option
    23 March 2010     Publication of profits 2009

Find this press release at: http://www.rentabiliweb.org/actualites/?p=1738

This press release does not constitute an offer to sell, a proposal to purchase securities, a registration statement or a prospectus with a view to offering Rentabiliweb Group SA securities. Investors may not accept any offer, nor acquire any security to be issued mentioned in this press release. The securities described herein have not been and will not be registered under the US Securities Act of 1933 as amended, and cannot be offered for sale or sold in the United States. All persons reading this press release shall take the necessary care to be informed and comply with these restrictions.

About Rentabiliweb

Founded in 2002, Rentabiliweb is a major player in digital audience monetization.

The Rentabiliweb Group offers Internet professionals and webmasters the largest platform of website traffic monetization services, primarily payment and micropayment solutions. It also runs affiliate programs, offers online advertising space brokerage services and provides renowned expertise in loyalty and Direct Marketing solutions.

Rentabiliweb is also one of the premier French-language publishers, with a bouquet of services spanning the full range of mass-market entertainment, from community services, family games and services for the general public to recommendations for Internet users, personal ads, dating services and more.

In 2008, Rentabiliweb's sales topped EUR 56.3 million, with net profits of EUR 6.7 million.

The Group, a major player in audience monetization, is expected to generate 9 to 12% growth in sales (consolidated) as well as continued growth in its annual EBITDA margin (EBITDA / Sales) in 2009.

    For more information, visit: http://www.rentabiliweb.org

         Corporate Communications
                IMAGE SEPT
             Anne Auchatraire
              Gregoire Lucas
           +33(0)1-53-70-74-70
          [email protected]
             [email protected]

    Financial - Investor Communications
                 CALYPTUS
              Mathieu Calleux
           +33(0)1-53-65-37-91
       [email protected]

SOURCE Rentabiliweb