Maurel & Prom :INFORMATION TO THE HOLDERS OF ORNANE 2021 - ADJUSTMENT OF THE CONVERSION RATIO
(Thomson Reuters ONE) -
Paris, 28 June 2017
No 14-17
INFORMATION TO THE HOLDERS OF ORNANE 2021
ADJUSTMENT OF THE CONVERSION RATIO
Pursuant to the provisions of articles 4.17.7.2.10(b) and 4.17.8 of the
securities note of the net share settled bonds convertible into new shares
and/or exchangeable for existing shares Maurel & Prom 2021 (ISIN code:
FR0012738144) (the "ORNANE 2021") issued under a prospectus approved by the
French Autorité des marchés financiers (the "AMF") on 12 May 2015 under number
15-194 (the "Securities Note ORNANE 2021"), the holders of ORNANE 2021 are
informed that as a result of no dividend having been paid for the financial year
ended 31 December 2016 to the shareholders of Maurel & Prom by the date of the
Annual General Meeting held on 22 June 2017, the Conversion Ratio (as such term
is defined in the Securities Note ORNANE 2021) of the ORNANE 2021 is adjusted as
follows:
New Conversion Ratio of the ORNANE 2021: 0.92 share Maurel & Prom for 1 ORNANE
2021[1] (instead of 1 share Maurel & Prom for 1 ORNANE 2021).
The new Conversion Ratio of the ORNANE 2021 is effective since 22 June 2017.
The exercise of the Conversion Right (as such term is defined in the Securities
Note ORNANE 2021) remains subject to the provisions of the Securities Note
ORNANE 2021.
For more information, the holders of ORNANE 2021 are invited to refer to the
Securities Note
ORNANE 2021, available on the website of the AMF (www.amf-france.org) and on the
website of
Maurel & Prom (www.maureletprom.fr).
For more information, go to www.maureletprom.fr
MAUREL & PROM
Tel: +33 (0)1 53 83 16 00
Press, shareholder and investor relations
Tel: +33 (0)1 53 83 16 45
ir(at)maureletprom.fr
This document may contain forward-looking statements regarding the financial
position, results, business and industrial strategy of Maurel & Prom. By nature,
forward-looking statements contain risks and uncertainties to the extent that
they are based on events or circumstances that may or may not happen in the
future.
These projections are based on assumptions we believe to be reasonable, but
which may prove to be incorrect and which depend on a number of risk factors,
such as
fluctuations in crude oil prices, changes in exchange rates, uncertainties
related to the valuation of our oil reserves, actual rates of oil production and
the related
costs, operational problems, political stability, legislative or regulatory
reforms, or even wars, terrorism and sabotage.
Maurel & Prom is listed for trading on Euronext Paris
CAC All-Share - CAC Oil & Gas - Next 150 - Eligible PEA-PME and SRD
ISIN FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
--------------------------------------------------------------------------------
[1] Number calculated and provided by the Calculation Agent (as such term is
defined in the Securities Note ORNANE 2021) in accordance with the provisions of
article 4.17.8 of the Securities Note ORNANE 2021.
RATIO_MAU_280617_EN.pdf:
http://hugin.info/155421/R/2116367/805373.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maurel & Prom via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 28.06.2017 - 17:43 Uhr
Sprache: Deutsch
News-ID 550328
Anzahl Zeichen: 4292
contact information:
Town:
Paris
Kategorie:
Business News
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