Capital/Financing Update • Nov 29, 2013
Capital/Financing Update
Open in ViewerOpens in native device viewer
Notice of early redemption of the bonds convertible into and/or exchangeable for new or existing shares (OCEANEs) due January 1, 2015
Faurecia informs Bondholders of the OCEANEs due January 1, 2015 of its decision to proceed, as per Article 4.8.3 of the offering circular, to the early redemption of the whole of all OCEANEs (ISIN FR0010827055) outstanding, which have been offered through a "Note d'Opération" bearing the visa of Autorité des Marchés Financiers n° 09-337 dated November 18, 2009, and for which the Conversion/Exchange Right has not been exercised.
The redemption of outstanding OCEANEs will occur on December 30, 2013, at par, that is 18.69 Euros, plus interest accrued since the most recent Interest Payment Date preceding the early redemption date until the date of effective redemption, that is an amount to be paid as an early redemption of 19.526 Euros per OCEANE.
Bondholders are reminded that they will retain the ability to exercise their Conversion/Exchange Right up to and including the seventh business day preceding the early redemption date, that is up to and including December 17, 2013, at the ratio of 1.04 Faurecia share for 1 OCEANE.
Bondholders are reminded that, in case of exercise of their Conversion/Exchange Right, Faurecia may elect to deliver new and/or existing shares or a combination of both. No interest will be payable to Bondholders in respect of the period from the most recent Interest Payment Date (or the Issue Date, as the case may be) and the date on which the shares are delivered.
Any Bondholder not having exercised its Conversion/Exchange Right on December 17, 2013 at the latest will receive, on December 30, 2013, an amount equal to the abovementioned redemption amount of 19.526 Euros per OCEANE.
CACEIS Corporate Trust will centralize the operations related to the exercise of Conversion/Exchange Rights:
CACEIS Corporate Trust Service Opérations sur Titres 14, rue Rouget de Lisle 92130 Issy-les-Moulineaux
Nothing in the present notice constitutes an offer to sell or the solicitation of an offer to buy in any jurisdiction (including in the United States of America, in Italy or in the United Kingdom). No document related to this early redemption can be circulated, directly or indirectly (i) in the United States of America, in Italy or in the United Kingdom, or to any person located or resident in these countries or in the countries mentioned in (ii) hereafter or (ii) in any other country where such circulation could be illegal or submitted to legal restrictions.
Faurecia is the world's sixth-largest automotive equipment supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2012, the Group posted total sales of €17.4 billion (\$22.5 billion). At December 31, 2012, Faurecia employed 94,000 people in 34 countries at 320 sites, including 30 R&D centers and 5,500 engineers. Visit us at: www.faurecia.com
Contacts Media
Olivier Le Friec Head of Media Relations Tel: +33 1 72 36 72 58 Cell: +33 6 76 87 30 17 [email protected] Analysts/Investors Eric-Alain Michelis Director of Financial Communications Tel.: +33 1 72 36 75 70 Cell: +33 6 64 64 61 29 [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.