Marine Harvest ASA (OSE: MHG): EUR 375 million Convertible Bond Agreement 2014/2019 ISIN NO 001 0710395 - Exercise of convers...
May 11 2017 - 12:03PM
Reference is made to the stock exchange release on
3 May 2017, where Marine Harvest announced that it had exercised
its right to redeem the outstanding bonds under the EUR 375 million
five year convertible bond issued by Marine Harvest in 2014,
maturing on 6 May 2019 (ISIN NO 001 0710395), at par value plus
accrued interest.
The loan agreement provided the bondholders the period up to and
including 11 May 2017 to convert their bonds into shares.
Bondholders representing an aggregate principal loan amount of EUR
353.9 million have elected to convert their bonds into shares. The
conversion price is EUR 9.3458 per share. Marine Harvest will
accordingly issue 37.9 million new shares. The new shares will be
issued on 19 May 2017. As a consequence some of the bondholders
will receive the shares earlier than the conversion date pursuant
to the loan agreement. Such early delivery shall not amend or
affect the bondholders' rights under the loan agreement.
This information is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.
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: Marine Harvest ASA via Globenewswire
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