INGENICO GROUP: Early Redemption of OCEANE Bonds Maturing in 2017
(Thomson Reuters ONE) -
INGENICO GROUP: Early Redemption of OCEANE Bonds[1]
Maturing in 2017
Ingenico Group (Euronext: FR0000125346 - ING) announced today its intention to
exercise its early redemption option on January 15, 2015 in respect of all of
its bonds outstanding as of January 7, 2015 that are convertible into and/or
exchangeable for new or existing Ingenico shares and that mature on January
1, 2017 (ISIN FR0011018902, hereinafter "OCEANE") for which the right to
conversion or exchange has not been exercised.[2] As of December 15, 2014, there
were 3,175,529 OCEANE bonds outstanding (less than 50 percent of the initial
total, as all others have been converted).
The holders of OCEANE bonds retain the ability up to and including January
6, 2015 to exercise their conversion/exchange rights to receive Ingenico shares
at a ratio of 1.015 Ingenico share per OCEANE bond. Any OCEANE bondholder who
has not exercised his or her conversion/exchange right will receive the face
value of ?37.44 for each bond, plus any interest accrued since the last interest
payment date. This brings the total early redemption amount to ?37,479492 per
OCEANE bond. Interest will cease to accrue as of January 15, 2015.
Assuming that all the OCEANE bondholders opt for conversion or exchange into
Ingenico shares, a maximum of 3,223,162 new shares would be issued. As set out
in the indenture, for all OCEANE bondholders who submit requests for conversion
in the event of early redemption of the OCEANE bonds and which Ingenico Group
has received by December 31, 2014 at 4 p.m., Paris time, the shares issued to
them will be delivered in January 2015 and will entitle their holders to any
dividends paid in respect of 2014. Any new shares issued to bondholders
requesting conversion after that date will not entitle their holders to
dividends paid in respect of 2014.
All OCEANE bonds that have not been tendered for conversion will be redeemed in
cash on January 15, 2015.
Requests for conversion into shares must be submitted to Société Générale
Securities Services, the centralizing agent, no later than on January 6, 2015 at
5 p.m., Paris time.
Disclaimer: This early redemption undertaking may not be accepted in or from the
United States of America or any other jurisdiction in which said redemption
could be unlawful or subject to restrictions, nor may it be addressed to persons
residing in the United States of America or in any such jurisdiction. No
document pertaining to this early redemption may be directly or indirectly
transmitted.
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader in seamless
payment, providing smart, trusted and secure solutions to empower commerce
across all channels, in-store, online and mobile. With the world's largest
payment acceptance network, we deliver secure payment solutions with a local,
national and international scope. We are the trusted world-class partner for
financial institutions and retailers, from small merchants to several of the
world's best known global brands. Our solutions enable merchants to simplify
payment and deliver their brand promise.
Learn more at www.ingenico.com twitter.com/ingenico
Contacts / Ingenico Group
Investors & Communication Communication Investors
Catherine Blanchet Coba Taillefer Caroline Alamy
VP IR & Corporate Communication External Communications Investor Relations
catherine.blanchet(at)ingenico.com Manager Caroline.alamy(at)ingenico.com
(T) / +33 1 58 01 85 68 coba.taillefer(at)ingenico.com (T) / +33 1 58 01 85 09
(T) / + 33 1 58 01 89 62
--------------------------------------------------------------------------------
[1] Bonds issued on March 11, 2011 and maturing in 2017 that are convertible
into and/or exchangeable for new or existing shares.
[2] In accordance with Articles 4.1.8.1.3 and 4.1.8.2 of the Note d'Opération
included in the Prospectus approved by the French Autorité des Marchés
Financiers under visa number 11-062 on March 3, 2011.
PDF VERSION:
http://hugin.info/143483/R/1879599/662764.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: INGENICO via GlobeNewswire
[HUG#1879599]
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2014 - 07:02 Uhr
Sprache: Deutsch
News-ID 359259
Anzahl Zeichen: 5204
contact information:
Town:
Paris
Kategorie:
Business News
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