SOLOCAL (EPA:LOCAL) - Appointment of two banks to execute the Rights Issue

Transparency directive : regulatory news

26/08/2020 18:30

PRESS RELEASE
Boulogne-Billancourt, August 26th 2020

         Appointment of two banks to execute the Rights Issue

As announced on July 24th 2020, the financial structure strengthening plan of
Solocal Group was approved by a large majority at the Combined General Meeting.
As a reminder, this plan relies on a EUR347 million capital increase, thus
securing a EUR85 million cash injection and allowing an up to EUR262 million
debt reduction. In order to cover the short-term liquidity needs, it is
completed by an additional EUR32 million additional financing, with a EUR16
million "prêt ATOUT" granted by BPI France and the issuance of a EUR16 million
Bond subscribed by some of Solocal Group's bondholders (cf press release of
August the 17th 2020).

This capital increase includes a EUR329.5m to EUR336m rights issue. Solocal
Group announces that Deutsche Bank AG has been appointed as Sole Global
Coordinator and Joint Bookrunner in the context of this rights issue. Also,
Louis Capital Markets has been appointed as Joint Bookrunner and Lead Manager
on this rights issue.

Solocal - www.solocal.com

We are the local digital partner for companies. Our job: advising and
supporting them to boost their activity thanks to our digital services (Digital
Presence, Digital Advertising, Websites, New Print Solutions). We also provide
users with the best possible digital experience with PagesJaunes, Mappy and
Ooreka, and our partners (Google, Facebook, Apple, Microsoft/Bing, Yahoo!,
etc.). We provide professionals and the public with our high audience services,
geolocalised data, scalable technology platforms, unparalleled order intake
coverage across France, our privileged partnerships with digital companies and
our talents in terms of data, development, digital marketing, etc. We gather
360,000 companies all over France and 2.7 billion visits on our services.
Solocal moreover benefits from the "Digital Ad Trust Classique" label for its
PagesJaunes and Mappy digital services. To know more about Solocal (Euronext
Paris "LOCAL"): let's keep in touch @solocal

Press Contacts                     Investors Contacts

Charlotte Millet                   Julie Gualino-Daly
+33 (0)1 46 23 30 00               +33 (0)1 46 23 42 12
charlotte.millet@solocal.com       jgualino@solocal.com

Edwige Druon
+33 (0)1 46 23 37 56
edruon@solocal.com

Colin Verbrugghe
+33 (0)1 46 23 40 13
cverbrugghe@solocal.com

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