Sequans Communications
4.50%
11,461,930
1383395
817323207
May 14, 2025
May 21, 2025, 07:02 PM
Reporting Persons (4)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| Bpifrance Participations S.A. | Other | 4.50% | 11,461,930 | 0 | 11,461,930 |
| Caisse des depots et consignations | Other | 4.50% | 11,461,930 | 0 | 11,461,930 |
| EPIC Bpifrance | Other | 4.50% | 11,461,930 | 0 | 11,461,930 |
| Bpifrance S.A. | Other | 4.50% | 11,461,930 | 0 | 11,461,930 |
Disclosure Items (5)
Ordinary Shares, nominal value EUR0.01 per share
Sequans Communications
15-55 boulevard Charles de Gaulle, Colombes, I0, 92700
Information concerning the executive officers and directors of Bpifrance Participations, CDC, EPIC and Bpifrance required to be disclosed in response to Item 2 and General Instruction C to Schedule 13D is provided in Exhibit 99.2 to this Amendment and incorporated herein by reference.
None of the Reporting Persons, nor, to the best of their knowledge, any of the persons referred to in Exhibit 99.2 has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws.
Item 5(a) of the Schedule 13D is hereby amended and supplemented as follows: As of the date hereof, Bpifrance Participations holds directly 11,461,930 Ordinary Shares (represented by 1,146,193 ADSs), which represents approximately 4.5% of the Issuer's outstanding Ordinary Shares. As of the date hereof, none of Bpifrance, EPIC or CDC holds any Ordinary Shares directly. Bpifrance may be deemed to be the beneficial owner of 11,461,930 Ordinary Shares (represented by 1,146,193 ADSs), indirectly through its 99.99% ownership of Bpifrance Participations. EPIC and CDC may be deemed to be the beneficial owners of 11,461,930 Ordinary Shares (represented by 1,146,193 ADSs), indirectly through their joint ownership and control of Bpifrance. The percentage of Ordinary Shares beneficially owned by each Reporting Person is based on 253,875,282 Ordinary Shares (the equivalent of 25,387,528 ADSs) outstanding of the Issuer, as of April 18, 2025, as reported by the Issuer in its Form 20-F filed with the Securities and Exchange Commission on April 30, 2025.
Item 5(b) of the Schedule 13D is hereby amended and supplemented as follows: See the information contained on the cover pages of this Amendment, which is incorporated herein by reference.
Item 5(c) of the Schedule 13D is hereby amended and supplemented as follows: Except as disclosed in this Amendment, there have been no reportable transactions with respect to the Ordinary Shares of the Issuer within the last 60 days by the Reporting Persons, or, to the best of their knowledge, any of the persons referred to in Exhibit 99.2. Between March 20, 2025 and May 16, 2025, Bpifrance Participations sold an aggregate of 86,490 ADSs of Sequans Communications S.A. in open market transactions. Details by date, listing the number of ADSs sold, the average price per share and price range are provided in Exhibit 99.3, which is incorporated by reference into this Item 5(c).
May 15, 2025
EX 99.1 - Joint Filing Agreement, dated as of February 12, 2021, by and among the Reporting Persons (incorporated by reference to Exhibit 99.1 to the Reporting Person's Schedule 13D/A filed on February 12, 2021) EX 99.2 - Information with respect to the Directors and Executive Officers of the Reporting Persons EX 99.3 - Open Market Transactions Table