Bull: Early redemption of bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs) due January 1st...
October 26 2014 - 2:00PM
Business Wire
Regulatory News:
Bull (the "Company ") (Paris:BULL) decided to proceed with an
early redemption of all the bonds, convertible into new shares and
/ or exchangeable for existing shares due
January 1st, 2033, issued on May 3rd, 2000 and remaining
outstanding (ISIN FR0000181034 ) (the "OCEANEs"); in
accordance with the provisions of Article 2.2.6 - 3/ of the
operation note, being part of the Prospectus which received visa
n°00-700 of the Commission des Operations de Bourse (Securities
Exchange Commission) on May 4th, 2000.
The amount of outstanding OCEANEs on October 23rd, 2014 was
58,629 OCEANEs out of 11,495,396, representing less than 10 % of
the amount of OCEANEs initially issued by the Company. The terms
and conditions of the early redemption of OCEANEs set forth in
Article 2.2.6° - 3/ of the operation note are thus satisfied.
The early redemption will occur on December 1st, 2014 at a price
of 15.06 euros, accrued with interests running from January 1st,
2014 until the date of effective redemption (0.02 euros),
representing a total of 15.08 euros per OCEANE. This amount
guarantees OCEANEs’ subscribers, on that date and after taking into
account the coupons paid in during the previous years, the same
gross rate of return to the one offered in case of payment at
maturity under the provisions of the operation note. Interests will
cease to accrue on or after December 1st, 2014.
Until the end of the seventh business day (inclusive) preceding
December 1st, 2014, i.e. until November 20th, 2014, the bondholders
have the option to exercise their right to the allotment of Bull
shares (ISIN FR0010266601 ) at a rate of 1 Bull share for 10
OCEANEs presented.
Bull OCEANEs holders who will exercise their right to the
allotment of shares are to receive new or existing Bull shares.
Considering the level of Bull share price, there is no financial
interest for a holder to exercise its right to conversion into Bull
shares.
The authorized financial services provider acting as financial
agent for the OCEANEs and in charge of centralizing applications
for the conversion into Bull shares is BNP Paribas Securities
Services.
At the request of Bull, Euronext Paris has suspended the trading
of Bull shares and OCEANEs on Friday October 24th, 2014. The
trading of Bull shares and OCEANES will be re-initiated on Tuesday
October 28th, 2014.
About Bull
Bull, an Atos company, is the trusted partner for enterprise
data. The Group, which is firmly established in the Cloud and in
Big Data, integrates and manages high-performance systems and
end-to-end security solutions. Bull's offerings enable its
customers to process all the data at their disposal, creating new
types of demand. Bull converts data into value for organizations in
a completely secure manner.
Bull currently employs around 9,200 people across more than 50
countries, with over 700 staff totally focused on R&D. In 2013,
Bull recorded revenues of € 1.3 billion.
For more information, visit: www.bull.fr www.facebook.com/Bull
www.twitter.com/bullfr
About Atos
Atos SE (Societas Europaea) is a digital services leader with
2013 pro forma annual revenue of € 10 billion and 86,000 employees
in 66 countries. Serving a global client base, the Group provides
Consulting & Systems Integration services, Managed Services
& BPO, Cloud operations, Big Data & Security solutions, as
well as transactional services through Worldline, the European
leader in the payments and transactional services industry. With
its deep technology expertise and industry knowledge, the Group
works with clients across different business sectors: Defense,
Health, Manufacturing, Media & Utilities, Public Sector,
Retail, Telecommunications, Transportation.
Atos is focused on business technology that powers progress and
helps organizations to create their firm of the future. The Group
is the Worldwide Information Technology Partner for the Olympic
& Paralympic Games and is listed on the Euronext Paris market.
Atos operates under the brands Atos, Atos Consulting, Atos
Worldgrid, Bull, Canopy, and Worldline.
For more information, visit: atos.net.
BullInvestor relations:Vincent Biraud, Tel +33 1 58 04 04
23vincent.biraud@bull.netorPress relations:Aurélie Negro, Tel +33 1
58 04 05 02aurelie.negro@bull.net
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