Latecoere Announces the Launch of the Share Capital Increase Planned in Its Conciliation Protocol for an Amount of Approximately €108.2 Million, Which May Be Extended to Approximately €124.4 Million... - Seite 2

The estimated gross proceeds of the capital increase are approximately €108.2 million (which may be increased to approximately €124.4 million if the Extension Clause is exercised in full).

The estimated proceeds of the capital increase net of fees, are approximately €107.2 million (which may be increased to approximately €123.4 million if the Extension Clause is exercised in full).

Main terms of the capital increase

The Capital Increase will be carried out with shareholders’ preferential subscription rights (the “Rights”), pursuant to the 21^st and 29^th resolutions of the combined general meeting of July 26^th, 2023, leading to the issue of 10,820,137,070 new shares (the “Initial New Shares”), which may be extended, in the event of the exercise in full of the Extension Clause (as defined hereafter), by 1,623,020,560 additional new shares (the “Additional New Shares” and, together with the Initial New Shares, the “New Shares”), at a subscription price of €0.01 per New Share. The subscription price corresponds to the nominal value per share and will therefore not be subject to any issue premium.

Each Company’s shareholders will receive one (1) Right for each share recorded on his account at the end of the day on November 3^rd, 2023. In order to allow the registration in securities accounts on this date, purchases on the market of Existing Shares must take place at the latest on November 1^st, 2023. Each Right will entitle its holders to subscribe for 202 New Shares on an irreducible basis (à titre irréductible).

Subscriptions on a reducible basis (à titre réductible) will be accepted. Any New Shares not subscribed by subscriptions on an irreducible basis (à titre irréductible) will be distributed and allocated to the holders of Rights having submitted subscription orders on a reducible basis (à titre réductible) subject to reduction in the event of oversubscription.

On the basis of the closing price of Latecoere share on the regulated market of Euronext in Paris (“Euronext Paris”) on October 27^th 2023, i.e. €0.506, the theoretical value of one (1) Right is €0.494 and the theoretical ex-right price of the share is €0.012.

For information purposes, the issue price reflects a discount of 19.7 % compared to the theoretical value of Latecoere ex-right share, calculated on the basis of the closing price on October 27^th, 2023, and a discount of 98.0 % compared to the closing price on October 27^th, 2023.

These values do not necessarily reflect the value of the Rights during their trading period, the ex-right price of Latecoere or the discounts, as determined in the market.

The Capital Increase will be open to the public in France only.