Opening of the Standing Repurchase Procedure for Holders of the Net Share Settled Bond Convertible into New Shares and/or Exc...
June 22 2017 - 2:45AM
Business Wire
(ISIN Code: FR0013230620)
Regulatory News:
These materials are not an offer for sale of Tikehau Capital
shares or securities in the United States or in any other
jurisdiction. Not for publication, distribution or release,
directly or indirectly, in the United States of America, Canada,
Australia or Japan.
Tikehau Capital (the “Company”) (Paris:TKO) announces the
repurchase of approximately 53.9% of the 2022 ORNANEs initially
issued, at a price of €68.25 per 2022 ORNANE (cum coupon, the
“Repurchase Price”), in an off-market
transaction.
In order to ensure that all holders of 2022 ORNANEs are treated
equally, Tikehau Capital launches a repurchase procedure through a
standing repurchase order at the Repurchase Price, for a period of
five consecutive business days, from June 22nd, 2017 to June 28th,
2017 (both dates inclusive). Holders of 2022 ORNANEs wishing to
participate will have to place a sell order at price of €68.25 with
their financial intermediaries.
To date, the number of 2022 ORNANEs outstanding is 563,302,
i.e., 46.1% of the total number of
2022 ORNANEs initially issued, it being mentioned that the Company
has received an offer to acquire 25.5% of the 2022 ORNANEs
outstanding.
The repurchase procedure will be centralized by Société Générale
Securities Services. A single settlement-delivery of the repurchase
procedure will occur on June 30th, 2017.
At completion of the repurchase procedure, the total number of
2022 ORNANEs so repurchased will be announced in a press release by
the Company and they will be cancelled in accordance with their
terms and conditions.
Tikehau Capital further reminds holders of 2022 ORNANEs that,
pursuant to the terms and conditions of the ORNANEs 2022 and as
indicated in a press release dated June 19th, 2017, any
notification of exercise of their conversion right will be settled
in cash only.
About Tikehau Capital:
Tikehau Capital is an asset management and investment group
which manages €10.3bn of assets, with shareholders’ equity of
€1.5bn. The Group invests in various asset classes (private debt,
real-estate, private equity and liquid strategies), including
through its asset management subsidiary Tikehau IM, on behalf of
institutional and private investors. Controlled by its managers,
alongside leading institutional partners, Tikehau Capital employs
170 staff in its Paris, London, Brussels, Madrid, Milan, Seoul and
Singapore offices.
Tikehau Capital is listed on the regulated market of Euronext in
Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com
Disclaimers
This press release and the information contained herein do not
constitute an offer to sell or purchase, or the solicitation of an
offer to sell or purchase, securities of Tikehau Capital.
No communication or information relating to the contemplated
transaction may be distributed to the public in any jurisdiction
(other than France) in which registration or approval is required.
No action has been (or will be) undertaken in any jurisdiction
outside of France where such steps would be required. The
subscription for or purchase of securities of Tikehau Capital may
be subject to legal or statutory restrictions in certain
jurisdictions. Tikehau Capital assumes no responsibility for any
violation of such restrictions by any person. The distribution of
this press release in certain jurisdictions may be restricted by
law.
In the United Kingdom, this press release announcement is
directed only at persons who (i) have professional experience in
matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended, the "Financial Promotion Order"), (ii) are
persons falling within Article 49(2)(a) to (d) ("high net worth
companies, unincorporated associations etc.") of the Financial
Promotion Order, (iii) are persons falling within Article 43 of the
Financial Promotion Order (all such persons together being referred
to as "Relevant persons"). The press release announcement must not
be acted on or relied on by persons who are not Relevant
persons.
This press release does not constitute an offer or invitation to
sell or purchase, or a solicitation of any offer to purchase or
subscribe for, any securities of Tikehau Capital in the United
States of America.
The diffusion of this press release in certain countries may be
prohibited under applicable law.
This press release may not be published, transmitted or
distributed, directly or indirectly, and does not constitute an
offer of securities, in the United-States (including in the
territories and dependencies and in any State of the United
States), in Canada, in Australia, or in Japan.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170621006456/en/
Tikehau CapitalJulien Sanson, +33 1 40 06 18
40jsanson@tikehaucapital.comorImage 7 :Leslie Jung, + 44 781 864 18
03ljung@image7.uk.com
Telkonet (AMEX:TKO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Telkonet (AMEX:TKO)
Historical Stock Chart
From Sep 2023 to Sep 2024