Genset makes announcement.PARIS--(BUSINESS WIRE)--June 6, 1996--Genset S.A. ("Genset") announced today the initial public offering of 1.8 million Ordinary Shares which are offered in the form of either Ordinary Shares or American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. ("ADSs") with each ADS representing one-third of one Ordinary Share at FF 249.02 per Ordinary Share and US$16 per ADS. All of the shares are being sold by the Company. Genset has granted the underwriters an option to purchase up to an additional 270,000 Ordinary Shares, in the form of Ordinary Shares or ADSs, to cover over-allotments, if any. The offering will be made by the following group of underwriters led by CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. , Banque Nationale Banque Nationale (French: "National bank") may refer to:
The Paris-based company is engaged in the systematic and comprehensive analysis of the human genome to identify and patent genes and regulatory regions related to selected common diseases. Its objective is to apply its genomics technology to discover drugs for such diseases and to enter into strategic partnerships with pharmaceutical companies which will develop and market these drugs. The Company expects to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering for capital expenditures, research and development expenses and general corporate purposes. A copy of the prospectus relating to the offering may be obtained from CS First Boston, Park Avenue Plaza, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of New York 10055, Attention Prospectus Department (telephone number 212-909-2580). Contacts in the U.S. are Deborah A. Smeltzer, Chief Financial Officer (619) 551-6551 and Tony Russo of Noonan Russo (212) 696-4455, Ext 202. CONTACT: CS First Boston Corporation Joseph D. Fashano, 212/909-2107 |
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