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Mandriva successfully closes its second round of capital increase

Mandriva successfully closes its second round of capital increase

Following the shareholder meeting of 25th May 2007, the company organized the second round of its capital increase. Recall that we structured the operation in two rounds:

  1. the first one for an amount of 1,650 K€ was reserved to Occam Capital,

  2. the second one, up to a maximum of 1,389 K€ was open to all Mandriva shareholders.

The subscription period was open till July 5, 2007. At this date, 402 shareholders had subscribed.

Each shareholder could subscribe a non-reducible amount, based on his/her existing shares, with a ratio of 9 new shares for 25 existing shares. The total amount of non-reducible subscriptions was 1,002K€. Occam Capital contributed 264K€ of that amount, thus bringing its total subscription to 1,914K€ and a holding of 36.48 % of the company's capital.

Shareholders could also subscribe at will a reducible amount. 97 shareholders used this possibility, for a total of 387 K€.
Thus the total of 1,389 K€ was fully subscribed.

A board meeting held July 17, 2007, had validated the increase of capital. The new capital will amount to 4,630,824.60 € and will be composed of 15,436,082 shares at a nominal value of 0.30 € each.

The delivery of the new shares to shareholders requires several formal steps with the banks and will happen within about one week.

About Mandriva

Mandriva, formerly known as Mandrakesoft, is the publisher of Mandriva Linux, the innovative and easy-to-use operating system. It is one of the most popular Linux editions in the world. Dedicated to making open source technologies accessible to all users, the company offers a full range of products and services to individuals, enterprises and government organizations. Mandriva products are available online in 80 languages and in more than 140 countries through dedicated channels. Headquartered in Paris, France, the company is publicly traded on the Euronext Marché Libre.

ISIN: FR0004159382
Reuters: MAKE.PA

Contact Mandriva

  • François Bancilhon / Thierry Bossut

  • investors at mandriva dot com

  • Tel. : +33 (0)1 40 41 00 41