EX-5.1 3 d412114dex51.htm EX-5.1 EX-5.1

EXHIBIT 5.1

 

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Orrick, Herrington & Sutcliffe (Europe) LLP

 

31, avenue Pierre 1er de Serbie

75782 Paris Cedex 16

France

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T +33 1 53 53 75 00

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orrick.com

June 16, 2017

Sequans Communications S.A.

15-55 boulevard Charles de Gaulle

92700 Colombes, France

 

Re: Registration Statement on Form F-3

Ladies and Gentlemen:

We have acted as counsel to Sequans Communications S.A., a société anonyme incorporated in the French Republic (the “Company”), in connection with the public offering of up to 4,312,500 American Depositary Shares (“ADSs”) representing ordinary shares (the “Shares”) of the Company, as described in the prospectus dated September 29, 2014 (the “Prospectus”) which is part of the Company’s registration statement on Form F-3 (File No. 333-198758) filed by the Company with the Securities and Exchange Commission (the “Commission”) (the “Registration Statement”) and its Prospectus Supplement dated June 14, 2017 (the “Prospectus Supplement”), under the Securities Act of 1933, as amended (the “Securities Act”).

We have examined instruments, documents, and records which we deemed relevant and necessary for the basis of our opinion hereinafter expressed and have relied on a certificate of an officer of the Company as to factual statements contained in such instruments, documents and records. In such examination, we have assumed the following: (a) the authenticity of original documents and the genuineness of all signatures and (b) the conformity to the originals of all documents submitted to us as copies.

Based upon the foregoing examination and in reliance thereon, and subject to the assumptions stated, we are of the opinion that (1) the Company is duly incorporated and validly existing as a separate legal entity subject to suit in its own name, in the form of a société anonyme, (2) the Shares are duly authorized, and (3) the Shares represented by ADSs being sold by the Company pursuant to the Registration Statement, when issued upon receipt of the corresponding subscription price to be paid for their subscription, will be validly issued, fully paid up, non-assessable and may be freely traded (librement négociables).

The opinion expressed above is limited to the laws of the French Republic and we do not express any opinion as to the effect of any other laws.

We consent to the filing of this opinion as an exhibit to the Report on Form 6-K and its incorporation by reference into the Registration Statement and to the use of and references to our name under the captions “Legal Matters” in the Prospectus and the Prospectus Supplement. In giving this consent, we do not thereby admit that we are in the category of persons whose consent is


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Sequans Communications S.A.

June 16, 2017

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required under Section 7 of the Securities Act, or the rules and regulations of the Commission promulgated thereunder, nor do we thereby admit that we are “experts” within the meaning of such term as used in the Securities Act with respect to any part of the Registration Statement, including this opinion letter as an exhibit or otherwise.

Very truly yours,

/s/ Benjamin Cichostepski

ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP

Benjamin Cichostepski