Notice of Full Redemption to the Holders of the EUR 500,000,000 1.875 Per Cent. Notes Due 26 May 2026 Issued by Vivendi SE on 26 May 2016
November 14 2024 - 1:35AM
Business Wire
ISIN: FR0013176310
Regulatory News:
Reference is made to the terms and conditions included in the
prospectus dated 24 May 2016 which was approved by the Autorité des
marchés financiers under n°16-197 on 24 May 2016, (the "Terms
and Conditions"), of the EUR 500,000,000 aggregate principal
amount of 1.875 per cent. Notes due 26 May 2026 (the
"Notes") issued by Vivendi SE (the "Issuer")
(Paris:VIV).
All capitalized terms used herein and not otherwise defined in
this notice shall have the meanings assigned to them in the Terms
and Conditions.
The Issuer hereby gives irrevocable notice to all Noteholders
that the Issuer has elected to exercise its make-whole redemption
option of the outstanding Notes, in whole, in accordance with
Condition 5(i) (Make-whole redemption option) and Condition 12
(Notices) of the Terms and Conditions (the “Redemption”).
The Optional Redemption Date is set to 13 December 2024 (the
"Optional Redemption Date").
This notice, together with the Redemption, are conditional on
the adoption, by the Issuer’s Combined General Shareholders’
Meeting to be held on 9 December 2024, of any of the resolutions
(and such resolutions becoming effective) regarding the proposed
spin-off of the Issuer’s group submitted to its vote, as such
resolutions are set forth in the notice of meeting (avis de
réunion) published in the Bulletin des Annonces Légales
Obligatoires (BALO) on 30 October 2024 and available on the
Issuer’s website
(https://www.vivendi.com/en/shareholders-investors/shareholders-meeting/)
and may subsequently be amended or completed by the Issuer’s
Management Board (Directoire) at its own initiative, as the case
may be. For the avoidance of doubt, should the Issuer’s Combined
General Shareholders’ Meeting be cancelled or not held, no
Redemption should occur.
As set out in the Terms and Conditions, all Notes will be
redeemed at their Optional Redemption Amount (the "Optional
Redemption Amount"), as calculated by the Calculation Agent
in accordance with Condition 5(i) (Make-whole redemption option) of
the Terms and Conditions. The Optional Redemption Amount, along
with the Redemption Rate (which will be determined as per Condition
5(i) (Make-whole redemption option) of the Terms and Conditions),
will be published in accordance with the Terms and
Conditions.
In accordance with Condition 6 (Payments) of the Terms and
Conditions, the Optional Redemption Amount will be paid in euros by
the Paying Agent (BNP Paribas Securities Services -Les
Grands Moulins de Pantin 9 rue du Débarcadère, 93500 Pantin) on the
Optional Redemption Date to the Account Holders for the benefit of
the Noteholders.
Pursuant to Condition 5(l) (Cancellation) of the Terms and
Conditions, all Notes so redeemed will be cancelled and an
application for their delisting will be made to Euronext.
The results of the Issuer’s Combined General Shareholders’
Meeting to be held on 9 December 2024 will be published by the
Issuer in a press release and made available on its website, and
will also be communicated by the Issuer to the Paying Agent.
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