Tikehau Capital: Results of the Repurchase Procedure for Holders of the Net Share Settled Bond Convertible into New Shares an...
June 28 2017 - 3:06PM
Business Wire
(ISIN Code: FR0013230620)
Regulatory News:
Tikehau Capital (Paris:TKO) announces the repurchase of
1,220,868 2022 ORNANEs, representing approximately 99.9% of the
2022 ORNANEs initially issued, in off-market transactions and
pursuant to a repurchase procedure conducted between June 22nd,
2017 and June 28th, 2017 (both dates inclusive).
The settlement-delivery of the 2022 ORNANEs tendered in the
repurchase procedure will occur on June 30th, 2017, after which
date the 2022 ORNANEs so repurchased will be cancelled in
accordance with their terms and conditions. The repurchases
referred to above represent an aggregate amount of €83,324,241
(i.e., €68.25 per 2022 ORNANE). This
repurchase price represents a 10.7% premium over the nominal value
of the 2022 ORNANEs and includes the interests that would have been
paid by the Company for the period from January 1st, 2017 to June
30th, 2017.
Tikehau Capital has decided to exercise its right to redeem the
2022 ORNANEs in accordance with their terms and conditions.
The objectives of this repurchase procedure was to optimize the
Company’s indebtedness and to manage the potential dilution for the
Company’s shareholders.
Tikehau Capital further reminds holders of 2022 ORNANEs that,
pursuant to the terms and conditions of the ORNANEs 2022 and as
indicated in the 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.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170628006268/en/
Press:Tikehau CapitalJulien
Sanson, +33 1 40 06 18 40jsanson@tikehaucapital.comorImage 7Leslie
Jung, + 44 781 864 18 03ljung@image7.uk.com
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