LONDON – JP Morgan SE has announced that it has not taken any consolidation steps for the recent securities offering of Kapla Holding SAS. The announcement, dated January 10, 2025, follows the initial pre-stabilization period announcement made on January 9, 2025.

Kapla Holding SAS has issued EUR 400 million worth of 6.25-year non-callable 2-year senior secured notes, listed on the Luxembourg Stock Exchange. The offer price for these securities is set at 100.

Stabilization efforts are activities that underwriters may undertake to support the price of a security after its initial offering. However, in this case, JP Morgan SE, acting as stabilization coordinator, together with Credit Agricole (OTC:) CIB as stabilization manager, did not take any actions at the time they were authorized to do so.

The announcement clarifies that the information provided is for information purposes only and should not be considered an invitation or offer to buy or sell any securities of the Issuer in any jurisdiction.

Strengthening activities are regulated under Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority. The lack of stabilization actions suggests that the market acceptance of Kapla Holding’s new securities does not require the intervention of underwriters to maintain their price.

Investors and market watchers often monitor consolidation announcements because they can provide insights into the demand and strength of a new security market.

This disclosure is based on a press release statement and is intended to provide market participants with real information about the post-stabilization period of Kapla Holding SAS securities offered.

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