BNP Paribas et al. invest in Systar

The offering was achieved by issuing 499,999 shares of common stock at the price of €4.70.

It corresponds to a premium of 7.2% over the past 20-day moving average, and a premium of 8.5% over the closing price on the day prior to the date of the board meeting.

The offering was structured as a private placement with new qualified investors, including investment funds managed by BNP Paribas Private Equity, OTC Asset Management and OTC Extend.

The 499,999 new shares will represent a dilution of 5.31% and will be quoted and traded on Euronext Paris on March 19 2013, under the same trading line. They will have the same rights as the existing shares of the company.

The private offering was launched to support the next phase of the company's growth.

Company
Founded in 1984, Saint Cloud-based Systar offers business activity monitoring solutions that enables large organisations to maximise the efficiency of their business operations and IT infrastructure. Systar is listed on the NYSE Euronext Paris and has offices in North America and Europe.

People
Guy T Kuster is co-founder, chairman and CEO of Systar.

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