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Shareholder structure of Pixium Vision following the capital increase with pre-emptive subscription rights of €7.3 million (after correction of a technical error reflected in the press releases of 6 and 15 July 2020)

Pixium Vision
·5 min read

Shareholder structure of Pixium Vision following the capital increase with pre-emptive subscription rights of €7.3 million

(after correction of a technical error reflected in the press releases of 6 and 15 July 2020)

Paris, November 22, 2020 - 07.00 CET - Pixium Vision (Euronext Growth Paris - FR0011950641 - ALPIX) (“Pixium Vision” or the “Company”), a bioelectronics company that develops innovative bionic vision systems to enable patients with vision loss to lead more independent lives, hereby gives notice that, on this date, it was informed by Sofinnova Capital VII of a correction to the 15% threshold-crossing declaration it had submitted on 10 July 2020. That declaration was made following the €7.3 million capital increase with pre-emptive subscription rights that Pixium Vision carried out on 8 July 2020, which resulted in the issuance of a total of 14,684,919 new shares at a price of €0.50 (the “Capital Increase”).1

Due to a technical error by Sofinnova Capital VII’s custodian (OST department – Securities transactions) in processing its request, Sofinnova Capital VII’s request to subscribe for 2,600,000 new shares to be issued in connection with the Capital Increase at the subscription price of €0.50, which corresponded to its subscription commitment of €1,300,000, was only partially taken into account. As a result, in connection with the Capital Increase, Sofinnova Capital VII was allotted 1,500,000 new shares, instead of the 2,600,000 new shares it had requested. This error in processing Sofinnova Capital VII’s request had no consequence on the total number of shares the Company created in connection with the Capital Increase, which remained at 14,684,919 new shares. The balance of the shares not subscribed by Sofinnova Capital VII was automatically allotted to other free float subscribers.

The table below presents, to the best of the Company’s knowledge, the distribution of the Company's capital after the Capital Increase of 8 July 2020, and after the correction based on the number of shares actually allotted to Sofinnova Capital VII:

Before completion of the Capital Increase

After completion of the Capital Increase
(at 8 July 2020)

Theoretical number of shares and voting rights

Theoretical % of share capital and voting rights

Theoretical number of shares and voting rights

Theoretical % of share capital and voting rights

Sofinnova Capital VII

4,037,048

14.91%

5,537,048

13.26%

Innobio

2,134,094

7.88%

2,134,094

5.11%

Bpifrance Participations

1,416,250

5.23%

4,016,250

9.62%

Total Bpifrance2

3,550,344

13.11%

6,150,344

14.73%

Abingworth Holdings Sàrl

2,086,720

7.71%

2,086,720

5.00%

Omnes Capital concert

1,436,794

5.31%

1,436,794

3.44%

Bernard Gilly

159.236

0.59%

159.236

0.38%

Treasury shares

83.575(1)

0.31%

79.147(2)

0.19%

Free float

15,721,685

58.07%

26,311,032

63.00%

TOTAL

27,075,402

100%

41,760,321

100%

(1) Non-voting treasury shares held by the Company at 31 May 2020.
(2) Non-voting treasury shares held by the Company at 30 June 2020.

At 31 October 2020, and taking into account the 43,616,338 shares that comprise the share capital at that date, the distribution of Pixium Vision’s share capital is shown below, based on the number of shares actually allotted to Sofinnova Capital VII:

At 31 October 2020

Theoretical number of shares and voting rights

Theoretical % of share capital and voting rights

Voting rights exercisable in GM

% of voting rights exercisable in GM

Sofinnova Capital VII

5,537,048

12.69%

5,537,048

12.72%

Innobio

2,134,094

4.89%

2,134,094

4.90%

Bpifrance Participations

4,016,250

9.21%

4,016,250

9.22%

Total Bpifrance (1)

6,150,344

14.10%

6,150,344

14.13%

Abingworth Holdings Sàrl

2,086,720

4.78%

2,086,720

4.79%

Omnes Capital concert

1,436,794

3.29%

1,436,794

3.30%

Bernard Gilly

159,236

0.37%

159,236

0.37%

Treasury shares (2)

78,879

0.18%

0

0.00%

Free float

28,167,317

64.58%

28,167,317

64.70%

TOTAL

43,616,338

100.00%

43,537,459

100.00%

  1. Innobio and Bpifrance Participations do not act in concert.

  2. At 31 October 2020

Contacts

Pixium Vision
Guillaume Renondin
Chief Financial Officer
investors@pixium-vision.com
+33 1 76 21 47 68

Media relations

LifeSci Advisors
Sophie Baumont
sophie@lifesciadvisors.com
+33 6 27 74 74 49

Investor relation
LifeSci Advisors
Guillaume van Renterghem
gvanrenterghem@lifesciadvisors.com
+33 6 69 99 37 83

Pixium Vision is creating a world of bionic vision for those who have lost their sight, enabling them to regain visual perception and greater autonomy. Pixium Vision’s bionic vision systems are associated with a surgical intervention and a rehabilitation period. Prima System sub-retinal miniature photovoltaic wireless implant is in clinical testing for patients who have lost their sight due to outer retinal degeneration, initially for atrophic dry age-related macular degeneration (dry AMD). Pixium Vision collaborates closely with academic and research partners, including some of the most prestigious vision research institutions in the world, such as: Stanford University in California, Institut de la Vision in Paris, Moorfields Eye Hospital in London, Institute of Ocular Microsurgery (IMO) in Barcelona, University hospital in Bonn, and UPMC in Pittsburgh, PA. The company is EN ISO 13485 certified and qualifies as “Entreprise Innovante” by Bpifrance.

For more information: http://www.pixium-vision.com/fr

Follow us on @PixiumVision; www.facebook.com/pixiumvision

www.linkedin.com/company/pixium-vision

Pixium Vision is listed on Euronext Growth Paris.
Euronext ticker: ALPIX - ISIN: FR0011950641
Pixium Vision shares are eligible for the French tax incentivized PEA-PME and FCPI
investment vehicles.
Pixium Vision is included in the Euronext GROWTH ALLSHARE index

1 Press releases of 12 June and 6 July 2020

2 Innobio and Bpifrance Participations do not act in concert.

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