YMAGIS announces its successful capital increase by private placement for an amount of 5 million Euros

24 January 2014

YMAGIS (ISIN: FR0011471291, mnemonic: MAGIS), the specialist in digital technologies for the cinema industry, today announced the success of its capital increase operation by private placement carried out with institutional investors, for a total amount of 4,968,981 Euros.

Jean Mizrahi, YMAGIS CEO, said on this occasion: “The new funds raised through the capital increase are going to help us speed up our growth strategy in France and internationally, especially through the on-going development of our subsidiary SmartJog-Ymagis Logistics but also by financing possible future acquisitions. All the conditions are now in place to enable YMAGIS to quickly fulfill its ambition of becoming the European leader in digital services and technologies for the cinema industry.”

Following this private placement, which was over-subscribed up to 1.5 times the maximum number of shares the company could issue, 649,540 new YMAGIS ordinary shares will be issued within the framework of a capital increase with the withdrawal of preemptive subscription rights, carried out by way of an offer as defined in article L. 411-2 II of the French Monetary and Financial Code, in application of the twenty-seventh and twentyeighth resolutions approved at YMAGIS’ General Meeting of Shareholders dated March 25, 2013. The subscription price of YMAGIS shares was fixed to 7.65 Euros per share.

Following this operation, the total number of YMAGIS shares will be 7,145,071, which represents 11,087,943 voting rights.

The dilution resulting from this capital increase represents 9.1% with regard to the 6,495,531 shares currently in circulation.

The new shares will be equivalent to the current shares. They will be listed on NYSE Euronext market, compartment C, in Paris on the same listing line as current shares within the ISIN code FR0011471291. The settlement and delivery should occur on January 30, 2014.

In compliance with Article 211-3 of the general rulings of the AMF (French Financial Markets’ Authority), the Company’s share offer within the framework of this private placement did not imply a prospectus submitted to the AMF’s approval.

Aurel BGC acted as Lead Manager and Book-keeper for this investment. Hoche intervened as legal consultant on stock-exchange and corporate aspects.