ASSYSTEM : Early redemption of ODIRNANE bonds
Paris, 1st February - Assystem S.A. (ISIN code: FR0000074148 - ASY)
Early redemption of Odirnane bonds
On 6 March 2017, Assystem (Euronext:FR0000074148 - ASY) will redeem in advance of maturity all of the outstanding perpetual bonds redeemable in cash and/or in new or existing shares that it issued on 17 July 2014 (ISIN FR0012032712 - hereinafter the "Odirnane bonds") and for which the holders have not exercised the option to convert the bonds into shares[1]. At 26 January 2017, a total of 490,268 Odirnane bonds were still outstanding (representing 8.75% of the original issue).
The holders of the Odirnane bonds will be entitled to exercise their option to convert their bonds into Assystem shares until 8 February 2017 (inclusive), based on a conversion ratio of one (1) Assystem share for one (1) Odirnane bond.
For bondholders who do not exercise their conversion option, the early redemption will take place at the bonds` face value, i.e. €28.56 per Odirnane bond, plus interest accrued since the last interest payment date, representing a total of €29.3769 per Odirnane bond. Interest on the bonds will cease to accrue as from 6 March 2017.
The Odirnane bonds for which the conversion option has not been exercised will be redeemed in cash on 6 March 2017.
Requests by bondholders to exercise their conversion option must be received by Société Générale Securities Services, in its capacity as Assystem`s centralising agent, by 5.00 p.m. (CET) on 8 February 2017.
[1] In accordance with Articles 4.9.3 3° and 4.9.4 of the securities note included in the prospectus approved by the Autorité des Marchés Financiers (French securities regulator) under no. 14-380 dated 9 July 2014.
Disclaimer
This early redemption does not apply (i) in the United States or in any other country in which such a redemption could be illegal or subject to restrictions, or (ii) to persons residing in the United States or in any other country in which such a redemption could be illegal or subject to restrictions. No documents relating to this early redemption may be transmitted, either directly or indirectly, in such countries or to such persons.
About Assystem:
Assystem is an international group specialised in engineering. As a key participant in the industry for 50 years, Assystem supports its clients in developing their products and managing their capital expenditure throughout the product life cycle. Assystem employs some 12,200 people worldwide and generated €908 million in revenue in 2015. Assystem S.A. is listed on Euronext Paris.
For more information please visit www.assystem.com - Follow Assystem on Twitter: @Assystem
Contact :
Philippe Chevallier
CFO & Deputy CEO
Tel: +33 (0)1 55 65 03 10
ASSYSTEM: Early redemption of ODIRNANE bonds
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Source: ASSYSTEM via GlobeNewswire
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