NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA OR JAPAN

Size: px
Start display at page:

Download "NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA OR JAPAN"

Transcription

1 CGG launches its share capital increase with preferential subscription rights for an amount of approximately million through the issuance of new shares, each with one warrant attached Subscription price: 1.56 per new share, each with one warrant attached Subscription ratio: 13 ABSAs for 4 Rights Subscription period: from January 22, 2018 to February 2, 2018 inclusive Trading period for Rights: from January 18, 2018 to January 31, 2018 inclusive The transaction is part of CGG s financial restructuring plan and allows the subscribers to take part in the recovery of the sector through the Warrants #2 The transaction is backstopped by DNCA (in cash) for up to approximately million and by the Senior Note holders for the remaining unsubscribed portion (by way of set-off against claims) Paris, France January 17, 2018 CGG (the Company ) announces today the terms of its share capital increase with preferential subscription rights (the Rights ) for an amount of approximately million (including share premium) (the Rights Issue ), by way of an issuance of shares of the Company (the New Shares ) each with one warrant attached (the Warrants #2 and together with the New Shares, the ABSAs ). The extraordinary general meeting of shareholders held on November 13, 2017 decided to reduce the share capital by a total amount of 17,485, euros, by reducing the nominal value of each share from 0.80 euro to 0.01 euro. The completion of such share capital reduction was acknowledged by the Board of Directors on January 15, 2018, with the Board s approval of a reduction of the share capital from 17,706, euros (its initial amount) to 221, euros, divided into 22,133,149 shares with a nominal value of one euro cent ( 0.01) each. The Rights Issue is part of the Company s financial restructuring plan whose main features are the following: the substantial reduction of the Company s financial indebtedness level through the equitization of nearly all 1 the amounts of principal and accrued interest (other than interest referred to below) due and unpaid on the last day of the subscription period of the Rights Issue under the Convertible Bonds and the Senior Notes (as these terms are defined at the end of this press release) (the shares issued in the context of this equitization are hereinafter referred to as the Creditor Shares 1 and the Creditor Shares 2 respectively); 1 Approximately 4.46 million of interest accrued and unpaid under the Convertible Bonds will be paid in cash, and $86 million of interest accrued and unpaid under the Senior Notes will be paid in new high-yield second lien notes or will be paid in cash over a ten-year period subject to certain terms.

2 a new money injection of up to approximately $500 million in the form of: o o a new notes issuance in an amount of $375 million by way of an issuance by the Company of new high yield second-lien notes governed by New York law (the Second Lien Notes ). Certain eligible holders of Senior Notes have undertaken to subscribe for the issuance of Second Lien Notes in return for a commitment fee of 7% of the total amount of the Second Lien Notes so subscribed (such fee being payable upon, and subject to, the implementation of the issuance, in cash or by way of set-off against the subscription price of the Second Lien Notes (at the Company s option)). In addition, subscribers of these new notes will also benefit from a free allocation of warrants, giving them the right to subscribe, during a period of six months from the date on which all the financial restructuring transactions have been implemented (the Restructuring Effective Date ) at a subscription price of 0.01 per new share, to 16% of the Company s share capital on a partially diluted basis after the restructuring transactions (the Warrants #3 ). In addition, the members of the ad hoc committee of holders of Senior Notes (or their assignees under certain conditions) have undertaken to backstop the issuance of the Second Lien Notes in return (x) for a backstop commitment fee equal to 3% of the total amount of the issuance, and (y) warrants giving them the right to subscribe during a period of six months from the Restructuring Effective Date at a subscription price of 0.01 per new share, to 1.5% of the Company s share capital on a partially diluted basis after the restructuring transactions (the Backstop Warrants ); ABSAs, as part of the Rights Issue; the free allocation of 22,133,149 warrants to the shareholders (the Warrants #1 ) on the basis of one Warrant #1 for one existing share; three of these Warrants #1 give the right to subscribe for a period of four years from the Restructuring Effective Date for four new shares at a subscription price of 3.12 per share. The Warrants #1 will be allocated to the same beneficiaries as the Rights pursuant to the Rights Issue, such Warrants #1 being settled and delivered concurrently with the settlement and the delivery of the Rights Issue; the free allocation of warrants to the members of the ad hoc committee of holders of Senior Notes (the Coordination Warrants ). The Coordination Warrants will give the right to subscribe for a period of six months from the Restructuring Effective Date at a subscription price of 0.01 per new share, to 1% of the Company s share capital on a partially diluted basis after the restructuring transactions; the "exchange" of the Secured Loans not repaid in cash for new high-yield first lien notes, with a five-year maturity (i.e. 2023) (the New First Lien Notes ). Following completion of the transactions contemplated in the financial restructuring plan, the Group will benefit from a balance sheet with a level of gross financial debt reduced from approximately $2.95 billon to approximately $1.2 billion.

3 Based on the estimated EBITDAs for the year ended December 31, 2017, the net debt / EBITDAs ratio before restructuring costs related to the Transformation Plan (leverage ratio) will be, immediately after completion of the transactions contemplated in the safeguard plan, below 2x, while it would have exceeded 7x in the absence of a financial restructuring. The final number of Creditor Shares 1, Creditor Shares 2, Warrants #3, Coordination Warrants and Backstop Warrants (and the number of new shares which would result from the exercise of the Warrants #3, Coordination Warrants and Backstop Warrants) will depend on the aggregate amount of principal and interest accrued and unpaid under the Senior Notes and the Convertible Bonds on the last day of the subscription period of the Rights Issue, the proportion of the ABSAs subscribed for by way of set-off in application of the backstop commitment of the Rights Issue by the holders of Senior Notes, and the number of Creditors Shares 1, Creditor Shares 2 and ABSA actually issued. A press release from the Company will be issued as soon as possible following the end of the centralization period of the Rights Issue in order to specify all of the final information relating to the number of securities of each category that will be issued. The issuance and admission to trading on the regulated market of Euronext in Paris ("Euronext Paris") of the Warrants #1, the Creditor Shares 1, the Creditor Shares 2, as well as the shares that would result from the exercise of the Warrants #1, Warrants #3, Coordination Warrants and Backstop Warrants are the subject of a prospectus approved by the French Financial Markets Authority ( AMF ) on October 13, 2017 under the number and securities note supplement approved by the AMF on October 17, 2017 under number Main terms of the Rights Issue The Rights Issue will result in the creation of 71,932,731 ABSAs, at a subscription price of 1.56 per share (i.e nominal and 1.55 share premium) representing a maximum gross product (including share premium) of 112,215, (assuming that the Rights Issue is fully subscribed in cash). Each shareholder of CGG will receive one Right for each share recorded in its securities account (enregistrement comptable) at the end of the fiscal day on January 17, The ABSA subscription will be made at the subscription price of 1.56 per ABSA (i.e nominal and 1.55 share premium), four Rights allowing their holder to subscribe for 13 ABSAs irreducibly. Subscriptions on a reducible basis will be admitted but may be reduced in the event of oversubscription of the Rights Issue in excess of 71,932,731 ABSAs. The ABSAs not subscribed on an irreducible basis will be allocated to holders of Rights who have placed orders on a reducible basis and allocated among them subject to such reduction. On the basis of the closing price of the Company s shares on January 15, 2018 of 4.488:

4 the issue price of the ABSAs of one euro and fifty-six cents ( 1.56) per ABSA represents a discount to their face value of 65.2% compared to the closing price of the Company s share on January 15, 2018; the theoretical value of a Warrant #1 is 0.60 euro; the theoretical value of a Warrant #2 is 0.28 euro; the theoretical value of a share ex Warrant #1 is 3.89 euros; the theoretical value of a share ex-right and ex-warrant #1 and ex-warrant #2 is 1.89 euros; the theoretical value of the Rights, taking into account the theoretical value of a Warrant #1 and the theoretical value of a Warrant #2 is 2.00 euros; the issue price of the ABSA represents a discount of 17.5% compared to the theoretical value of a share ex-right and ex-warrant #1 and ex-warrant #2; the theoretical subscription price of a New Share, excluding the theoretical value of the Warrant #2 attached to the New Share ( 1.28), represents a face discount of 71.6% compared to the closing price of the Company s shares on January 15, 2018 and a discount of 32.5% compared to the theoretical value of the share ex-right and ex- Warrant #1 and ex-warrant #2. The foregoing values do not anticipate either the actual value of the Rights during the subscription period or the value of a share ex-right, or the actual discounts, as they may materialize on the market. Given that each Right will be detached from the corresponding share on January 18, 2018, the closing price of the Company s shares on January 17, 2018 will be used by Euronext Paris as the reference price for the calculation of the theoretical value of the share ex-right and ex-warrant #1 and ex-warrant #2, as well as for the calculation of the theoretical value of the Rights. Given that the Warrants #1 and Warrants #2 will be admitted to trading on Euronext Paris on February 21, 2018, the closing price of the Company s shares on February 20, 2018 will be used by Euronext Paris as the reference price for the calculation of their respective theoretical values. The theoretical value of the Rights set forth above does not factor in the potential impact on such value resulting from the issuance of the Creditor Shares 1, the Creditor Shares 2, the Warrants #3, the Coordination Warrants and the Backstop Warrants. The Rights Issue will be open to the public in France only. ODDO BHF SCA is acting as Global Coordinator and Lead Manager for the Rights Issue.

5 Key characteristics of the Warrants #2 The Warrants #2 will be securities giving access to the share capital within the meaning of articles L et seq. of the French Code de commerce. The exercise of Warrants #2 allows the subscribers of the ABSAs (or their transferees) to take part in the recovery of the sector if CGG s share price exceeds 4.02 per share. One (1) Warrant #2 will be attached to each New Share. Upon issuance, each Warrant #2 will be detached from the New Share to which it was originally attached. The Warrants #2 will be listed on Euronext Paris separately from the existing shares of the Company, under the ISIN code FR Three (3) Warrants #2 will entitle their holder to subscribe to two (2) new shares (the Exercise Ratio ), for a subscription price of 4.02 per new share (the holders having to exercise their Warrants #2 by multiples of three) during a period of five years from the Restructuring Effective Date. This date will be the subject of a press release. The Exercise Ratio may be adjusted as a result of transactions that the Company implements following the issuance of the Warrants #2 (scheduled for February 21, 2018), in accordance with applicable French laws and regulations and in compliance with contractual provisions, to protect the rights of holders of Warrants #2 (no adjustment will be made as a consequence of the securities issuances contemplated in the financial restructuring plan and set forth above). The new shares issued upon the exercise of the Warrants #2 will be ordinary shares of the Company of the same class as the existing shares. They will entitle their holders to all rights attached to them from their date of issue and to all distributions decided by the Company after that date and applications will be submitted periodically to have them admitted to trading on Euronext Paris under the same quotation line as existing shares (ISIN code: FR ). Conditions to the settlement and delivery The transactions provided for under the safeguard plan and the Chapter 11 plan (including the Rights Issue) shall be regarded as a whole so that if one of them cannot be implemented, none of them will be implemented. The settlement and delivery of the Rights Issue must occur (i) before February 28, 2018 (or any later date as may be determined in accordance with the terms of the Lock-Up Agreement entered into by the Company on June 13, 2017 (the Lock- Up Agreement ) and the restructuring support agreement which provides for the backstop commitment of DNCA Invest and the entities managed by DNCA Finance (the DNCA Entities ) (the Restructuring Support Agreement ) and (ii) concurrently with the settlement and delivery of the Creditor Shares 1, Creditor Shares 2, Warrants #1, Second Lien Notes, Warrants #3, Backstop Warrants and Coordination Warrants. The settlement and delivery of the Rights Issue and, more generally, the completion of the financial restructuring plan, remain subject to the satisfaction (or waiver) prior to the settlement and delivery of the Rights Issue, of certain conditions precedent set forth in the private placement agreement dated June 26, 2017 (the Private Placement Agreement )

6 and in the preparatory documents for the issuance of the New First Lien Notes and the Second Lien Notes (the Preparatory Documents ). In addition, persons who have committed to subscribe to the Second Lien Notes in the context of the Private Placement Agreement have the right, under certain conditions, to terminate such agreement prior to the settlement and delivery of the Rights Issue. The Restructuring Support Agreement providing for the backstop commitment of the DNCA Entities of the Rights Issue may be terminated under certain conditions, prior to the settlement and delivery of the Rights Issue. The settlement and delivery of the Rights Issue, as well as the transactions provided for in the Company s financial restructuring plan might not be implemented in the following cases: (i) the breach of any representation and warranty or any covenant made by the Company or certain of its subsidiaries pursuant to the Private Placement Agreement, in each case in any material respects; (ii) the absence of execution or delivery of the final documentation related to the issuance of the New First Lien Notes and the Second Lien Notes; (iii) the occurrence or existence of any event having individually or in the aggregate a Material Adverse Effect (as such term is defined hereafter); (iv) a decision of a competent court or authority restraining or otherwise preventing the implementation of all or part of the Company s financial restructuring plan; (v) an insolvency event of the Company or certain of its subsidiaries (except as resulting from the Company s financial restructuring plan); (vi) a default under the Secured Loans or Senior Notes documentation, provided that such default has not been waived; (vii) a material breach of the Lock-Up Agreement by the Company or certain of its subsidiaries, any of the Senior Noteholders or any of the Secured Lenders, if such breach is not cured or remedied within five business days; or (viii) a material breach of the Restructuring Support Agreement by the Company that would have a significant adverse impact on the implementation or completion of the Company s financial restructuring plan, if not cured within 5 business days. In the event that the settlement and delivery of the Rights Issue is not implemented, investors that acquired Rights on the market would have acquired rights that are no longer valid, leading them to incur a loss equal to the purchase price of such Rights. In addition, if the Rights Issue is not implemented, the subscriptions to the Rights Issue will be cancelled and the amount of subscription prices paid will be returned without interest to the subscribers by the authorized intermediaries. Subscription commitments and intentions Apart from the backstop commitment of the DNCA Entities described below in the amount of approximately million to be paid in cash, the Company is not aware of the intentions of shareholders or the members of the Company s board of directors or management bodies in connection with the Rights Issue.

7 Backstop In accordance with the Company s financial restructuring plan, the portion of the Rights Issue not subscribed by the holders of Rights on an irreducible and on a reducible basis will be subscribed: - by the DNCA Entities in an amount of up to 71,390, in cash; - by the holders of Senior Notes (if needed after first implementing the backstop commitment from the DNCA Entities set forth above), by way of set-off on a pro rata basis against the face value of part of their claims under the Senior Notes. The backstop commitment in cash by the DNCA Entities will be compensated by a fee equal to 10% of the amount committed (approximately 7.14 million), which will be paid in cash, whether or not their backstop commitment is actually implemented. However, no compensation or fee will be paid in respect of such backstop commitment if any of the steps of the Company s financial restructuring plan are not completed. No fee will be paid in respect of the backstop commitment of the holders of Senior Notes. The backstop commitments referred to above relate to the entire Rights Issue but do not constitute a performance guarantee (garantie de bonne fin) within the meaning of Article L of the French Commercial Code. They may, under certain conditions, be terminated prior to the settlement and delivery of the Rights Issue. Use of the proceeds The funds raised in cash from the Rights Issue and the issue of the Second Lien Notes (net of backstop and commitment fees and other costs, expenses or fees related thereto) will be used as follows: first, up to $250 million 2, to provide for CGG group s financial and operating needs (including (i) the payment of accrued interest under the Convertible Bonds that has not been equitized in the context of the issue of Creditor Shares 1 (i.e. an amount of approximately 4.46 million), and (ii) the payment of restructuring-related fees and expenses other than the backstop fees and expenses and all other fees relating to the Rights Issue and the issue of the Second Lien Notes); secondly, to make the initial repayment, on a pro rata basis, to the secured lenders holding senior first lien secured claims on American subsidiaries of the CGG group, the amount of such repayment being limited to a maximum of $150 million in aggregate; the balance would be kept by the Company to cover (i) its financial needs (including the payment of restructuring-related fees and expenses other than, inter alia, subscription and backstop fees and expenses) and (ii) any delay in the group s redeployment. 2 This amount being converted into euro on the basis of the exchange rate provided for in the safeguard plan, i.e. EUR 1 = USD

8 Governance The structure and composition of the Company s board of directors after the restructuring will be determined in consultation with the DNCA Entities and the members of the ad hoc committee of holders of Senior Notes who will have become and remain shareholders of the Company. The structure and composition of the board of directors will have to comply with the AFEP-MEDEF Code and will be put in place promptly and in any event no later than three months after the Restructuring Effective Date. It is also specified that certain creditors have made commitments regarding the composition of the board of directors and the appointment of the chief executive officer. These commitments are described in the Prospectus. Timetable of the Rights Issue The subscription period of the Rights Issue will begin on January 22, 2018 and end on February 2, 2018 at the end of the trading session. The listing and trading of the Rights on Euronext Paris (ISIN code FR ) will begin on January 18, 2018 and will end on January 31, 2018 at the end of the trading session. The Rights that are not exercised before the end of the subscription period, i.e. before February 2, 2018 at the end of the trading session, will automatically lapse. The settlement and delivery and the admission to trading on Euronext Paris of the New Shares and the Warrants #2 are scheduled for February 21, The New Shares will entitle their holders to all rights attached to them, from their date of issue, and to all distributions decided by the Company after that date. The New Shares will be immediately assimilated to the existing CGG shares and will trade on the same quotation line as the existing shares under ISIN code FR The Warrants #2 will be quoted separately under the ISIN code FR Information to the public The issue of the ABSAs has been described in a French language prospectus (the Prospectus n 2 ) which comprises: the registration document of CGG, filed with the AMF on May 1, 2017 under number D (the Registration Document ); the update of the Company s Registration Document filed with the AMF on October 13, 2017 under number D A01 and the second update of the Company s Registration Document filed with the AMF on January 16, 2018 under number D A02; the securities note which was approved by the AMF on January 16, 2018 under visa number (the Securities Note ); the summary of the Prospectus n 2 (included in the Securities Note). The issue of the Creditor Shares 1, the Creditor Shares 2, the Warrants #1, the Warrants #3, the Backstop Warrants and the Coordination Warrants has been described in a prospectus (the Prospectus n 1 ) which comprises the Registration Document, the update of the

9 Company s Registration Document filed with the AMF on October 13, 2017 under number D A01, the securities note which was approved by the AMF on October 13, 2017 under visa number , the summary of the Prospectus n 1 (included in the securities note referred to above), and the supplement to the securities note, which was approved by the AMF on October 17, 2017 under visa number , which includes a supplement to the summary of the Prospectus n 1. Copies of the Prospectus n 1 and the Prospectus n 2 can be obtained free of charge from the registered office of CGG, Tour Maine Montparnasse 33, avenue du Maine Paris, the Company s website ( and the AMF website ( CGG draws the public s attention to the risk factors described in chapter 3 of the Registration Document, chapter 3 of the Registration Document Updates and chapter 2 of the securities note. For the purpose of this press release: Convertible Bonds means, together, (i) the convertible bonds (obligations à option de conversion et/ou d échange en actions nouvelles ou existantes), bearing interest at a rate of 1.75% and maturing on January 1, 2020, issued by the Company on June 26, 2015, and (ii) the convertible bonds (obligations à option de conversion et/ou d échange en actions nouvelles ou existantes), bearing interest at a rate of 1.25% and maturing on January 1, 2019, issued by the Company on November 20, 2012; Material Adverse Effect means any material adverse effect or material adverse change in (a) the ability of the Company or its group to implement or complete the financial restructuring plan by February 28, 2018 or such other date as may be determined in accordance with the Lock-Up Agreement and the Restructuring Support Agreement; or (b) the consolidated financial position, assets or business of the Company and its controlled subsidiaries, taken as a whole, in each case unless it arises out of, results from, or is attributable to the signature, announcement or execution of the Private Placement Agreement, the Lock-Up Agreement or the Restructuring Support Agreement (as applicable) or other documents relating to the restructuring or transactions contemplated herein or in such documents, including the financial restructuring plan; Secured Lenders means the lenders under the facilities comprising the Secured Loans; Secured Loans means, together, (i) a revolving credit facility agreement pursuant to a multicurrency revolving facility agreement entered into on July 31, 2013 by the Company, fully drawn to date, (ii) a revolving credit facility agreement pursuant to a credit agreement, entered into on July 15, 2013 by CGG Holding (U.S.) Inc. fully drawn to date, and (iii) a bullet loan agreement pursuant to a term loan credit agreement, entered into on November 19, 2015 by CGG Holding (U.S.) Inc; and "Senior Notes" means, together, (i) the high yield notes, bearing interest at a rate of 5.875% and maturing in 2020, issued by the Company on April 23, 2014, (ii) the high yield notes, bearing interest at a rate of 6.5% and maturing in 2021, issued by the Company on May 31,

10 2011, January 20, 2017 and March 13, 2017, and (iii) the high yield notes, bearing interest at a rate of 6.875% and maturing in 2022, issued by the Company on May 1, About CGG: CGG ( is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs around 5,300 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers. CGG is listed on the Euronext Paris SA (ISIN: ) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG). Contacts Group Communications Christophe Barnini Tel: : invrelparis@cgg.com Investor Relations Catherine Leveau Tel: : invrelparis@cgg.com

11 Notice This announcement does not, and shall not, in any circumstances constitute a public offering of securities or an invitation to the public in connection with any offer. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is an advertisement and not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003, as amended (the Prospectus Directive ). With respect to the member States of the European Economic Area which have implemented the Prospectus Directive, no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any relevant member State. As a result, the securities may not and will not be offered in any relevant member State except in accordance with the exemptions set forth in Article 3(2) of the Prospectus Directive, if they have been implemented in that relevant member State, or under any other circumstances which do not require the publication by CGG of a prospectus pursuant to Article 3 of the Prospectus Directive and/or to applicable regulations of that relevant member State. This document is not an offer of securities for sale nor the solicitation of an offer to purchase securities in the United States of America or any other jurisdiction where such offer may be restricted. Securities may not be offered or sold in the United States of America absent registration under the U.S. Securities Act of 1933, as amended (the Securities Act ), or an exemption from registration. The securities of CGG described herein have not been and will not be registered under the Securities Act, and CGG does not intend to make a public offer of its securities in the United States of America. This document is only being distributed to, and is only directed at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom that are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) of the United Kingdom (the Order ), (iii) persons who fall within Article 49(2)(a) to (d) ( high net worth companies, unincorporated associations, etc. ) of the Order, or (iv) any other persons to whom an invitation or inducement to engage in investment activity (within the meaning of Article 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as Relevant Persons ). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person other than a relevant person should not act or rely on this document or any of its contents.

Success of the rights issue with preferential subscription right

Success of the rights issue with preferential subscription right Success of the rights issue with preferential subscription right Paris, France February 9, 2018 The rights issue with preferential subscription right (PSR) of approximately 112.2 million (including share

More information

This press release may not be distributed directly or indirectly in the United States, Canada, Australia or Japan.

This press release may not be distributed directly or indirectly in the United States, Canada, Australia or Japan. CGG ANNOUNCES THE LAUNCH OF APPROXIMATELY 350 MILLION RIGHTS OFFERING MAINTAINING SHAREHOLDERS PREFERENTIAL SUBSCRIPTION RIGHTS AS PART OF ITS TRANSFORMATION PLAN Subscription ratio: 3 new shares for 1

More information

CGG. Supplementary report of the Board of Directors on the share capital increase in cash with preferential subscription rights

CGG. Supplementary report of the Board of Directors on the share capital increase in cash with preferential subscription rights CGG Société anonyme with a share capital of 283,304,307 Euros Registered office : Tour Maine Montparnasse, 33 avenue du Maine, 75015 Paris 969 202 241 R.C.S. Paris Supplementary report of the Board of

More information

Translation for information purposes in case of discrepancy between French version and English version, French version shall prevail

Translation for information purposes in case of discrepancy between French version and English version, French version shall prevail Translation for information purposes in case of discrepancy between French version and English version, French version shall prevail CGG A French limited company (société anonyme) with a registered capital

More information

CGG Announces its 2017 Third Quarter Results

CGG Announces its 2017 Third Quarter Results Revenue at $320m CGG Announces its Results ly EBITDA sustained by solid multi-client sales GGR: solid Multi-Client quarterly sales boosted by Brazilian licensing rounds Equipment: persistent low volumes

More information

CGG Announces its 2017 Second Quarter Results

CGG Announces its 2017 Second Quarter Results Revenue at $350m CGG Announces its Results ly EBITDA boosted by solid multi-client sales GGR: solid Multi-Client quarterly sales boosted by Mexican and Brazilian licensing rounds Equipment: persistent

More information

Financial restructuring plan, moving forward. Credit investors presentation June 27, 2017

Financial restructuring plan, moving forward. Credit investors presentation June 27, 2017 Financial restructuring plan, moving forward Credit investors presentation June 27, 2017 Disclaimer This presentation has been prepared by CGG S.A. ( CGG ) in the context of the negotiations between it

More information

Press release

Press release Press release 22.03.18 Altran announces the launch and the terms of its share capital increase with preferential subscription rights for c. 750 million related to the refinancing of the acquisition of

More information

MEMSCAP: LAUNCH OF A 1 MILLION RIGHTS ISSUE WITH PREFERENTIAL SUBSCRIPTION RIGHTS

MEMSCAP: LAUNCH OF A 1 MILLION RIGHTS ISSUE WITH PREFERENTIAL SUBSCRIPTION RIGHTS MEMSCAP: LAUNCH OF A 1 MILLION RIGHTS ISSUE WITH PREFERENTIAL SUBSCRIPTION RIGHTS (Visa n 13-309 dated June 27, 2013 of the AMF l Autorité des marchés financiers ) The subscription period will open on

More information

2015 First Quarter Results. Resilient first quarter performance in a weak environment. Ongoing delivery of our Transformation Plan

2015 First Quarter Results. Resilient first quarter performance in a weak environment. Ongoing delivery of our Transformation Plan Results Resilient first quarter performance in a weak environment Revenue down to $570m due to change in perimeter and market conditions Solid Multi-Client sales at $99m Positive Operating Income 1 at

More information

Voltalia announces the launch of a share capital increase

Voltalia announces the launch of a share capital increase THIS PRESS RELEASE DOES NOT CONSTITUTE OR FORM A PART OF ANY OFFER OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES OF AMERICA. THE WARRANTS AND THE SHARES MAY NOT BE OFFERED

More information

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN Launch of an offering of net share settled bonds convertible into new shares and/or exchangeable for existing shares (ORNANEs) due October 1, 2019 in an initial nominal amount of approximately 100 million

More information

This document may not be distributed, directly or indirectly, in or into United States, Canada, Australia or Japan.

This document may not be distributed, directly or indirectly, in or into United States, Canada, Australia or Japan. Following its press release dated November 16, 2015, Parrot (the Company or Parrot ) announces today the terms of its share capital increase with shareholders preferential subscription right (the Rights

More information

Proposed repurchase of outstanding OCEANEs due January 1, 2014 (the 2014 OCEANEs ) via a reverse bookbuilding process

Proposed repurchase of outstanding OCEANEs due January 1, 2014 (the 2014 OCEANEs ) via a reverse bookbuilding process This announcement is not an offer of securities in the United States of America or any other jurisdiction. The Bonds (and underlying shares) may not be offered or sold in the United States of America absent

More information

This press release may not be published, transmitted or distributed, directly or indirectly, in the United States, Australia, Canada or Japan

This press release may not be published, transmitted or distributed, directly or indirectly, in the United States, Australia, Canada or Japan Paris, October 1, 2018 8:00 a.m. Permanent information CEGEREAL LAUNCHES A SHARE CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION RIGHTS FOR AN AMOUNT OF APPROXIMATELY 80 MILLION TO FINANCE A PORTION OF

More information

CGG Announces its 2017 Fourth Quarter & Full-Year Results

CGG Announces its 2017 Fourth Quarter & Full-Year Results CGG Announces its & Full-Year Results PARIS, France March 9 th 2018 CGG (ISIN: FR0013181864 NYSE: CGG), world leader in Geoscience, announced today its fourth quarter and full-year unaudited results. Q4:

More information

PRESS RELEASE. Paris, June 30, 2017

PRESS RELEASE. Paris, June 30, 2017 These materials are not an offer for sale of Tikehau Capital shares in the United States or in any other jurisdiction. Tikehau Capital shares may not be sold in the United States absent registration or

More information

Translation for information purposes in case of discrepancy between French version and English version, French version shall prevail

Translation for information purposes in case of discrepancy between French version and English version, French version shall prevail Translation for information purposes in case of discrepancy between French version and English version, French version shall prevail CGG A French limited company (société anonyme) with a registered capital

More information

EDL Corporation S.A.S. 1 rue de la Galmy Chessy

EDL Corporation S.A.S. 1 rue de la Galmy Chessy This press release does not constitute an offer to acquire securities. The Offer described herein cannot be opened until it is approved by the Autorité des marchés financiers. PRESS RELEASE REGARDING THE

More information

PRESS RELEASE ON THE FILING OF A DRAFT PUBLIC EXCHANGE OFFER

PRESS RELEASE ON THE FILING OF A DRAFT PUBLIC EXCHANGE OFFER TRANSLATION FROM THE FRENCH FOR INFORMATION PURPOSES ONLY This offer and the draft offer document remain subject to approval by the Autorité des marchés financiers PRESS RELEASE ON THE FILING OF A DRAFT

More information

CGG Announces its 2018 Second Quarter Results

CGG Announces its 2018 Second Quarter Results CGG Announces its Results Q2 : solid segment EBITDAs in line with expectations IFRS 1 : revenue at $314m, OPINC at $26m, net income at $49m revenue 2 at $338m, down 3% year-on-year. GGR: robust Subsurface

More information

Shareholders Q&A for CGG s Financial Restructuring

Shareholders Q&A for CGG s Financial Restructuring Shareholders Q&A for CGG s Financial Restructuring GLOSSARY 1. What is a rights issue? A rights issue is when a company increases its capital by issuing new shares, enabling that company to increase its

More information

NUMERICABLE GROUP ANNOUNCES THE LAUNCH OF A BONDS ISSUANCE TO PARTIALLY FINANCE THE ACQUISITION OF SFR

NUMERICABLE GROUP ANNOUNCES THE LAUNCH OF A BONDS ISSUANCE TO PARTIALLY FINANCE THE ACQUISITION OF SFR NUMERICABLE GROUP ANNOUNCES THE LAUNCH OF A BONDS ISSUANCE TO PARTIALLY FINANCE THE ACQUISITION OF SFR Paris, April 14 2014 Numericable Group (the Company, and together with its consolidated subsidiaries,

More information

SHAREHOLDERS INFORMATION

SHAREHOLDERS INFORMATION SHAREHOLDERS INFORMATION JANUARY 2015 EURODISNEY S.C.A. GROUP S RECAPITALIZATION AND DEBT REDUCTION PROPOSAL Dear Shareholders, As you may know, on October 6, 2014, our Company announced a recapitalization

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month

More information

CGG S.A. Interest Notes will be issued pursuant to an exemption from registration under Section 1145 of the Bankruptcy Code ( Section 1145 ).

CGG S.A. Interest Notes will be issued pursuant to an exemption from registration under Section 1145 of the Bankruptcy Code ( Section 1145 ). Listing Particulars dated February 20, 2018 NOT FOR GENERAL CIRCULATION IN THE UNITED STATES CGG S.A. US$355,141,000 and 80,372,000 Floating Rate / 8.5% PIK Second Lien Senior Secured Notes due 2024 (up

More information

CARMAT announces the success of its capital increase for an amount of 52.9 million after full exercise of the increase option

CARMAT announces the success of its capital increase for an amount of 52.9 million after full exercise of the increase option PRESS RELEASE CARMAT announces the success of its capital increase for an amount of 52.9 million after full exercise of the increase option Paris, December 2, 207 8 pm CET CARMAT (the Company ), the designer

More information

Agreement in Principle on Financial Restructuring. June 2 nd, 2017

Agreement in Principle on Financial Restructuring. June 2 nd, 2017 Agreement in Principle on Financial Restructuring June 2 nd, 2017 Disclaimer This presentation has been prepared by CGG S.A. ( CGG ) in the context of the negotiations between it and certain of its creditors

More information

Not for distribution, directly or indirectly, in the United States of America, Canada, Japan or Australia

Not for distribution, directly or indirectly, in the United States of America, Canada, Japan or Australia Elis announces the launch of its share capital increase Press release Elis announces today the launch and the terms of its share capital increase with preferential subscription rights for approximately

More information

SHARE CAPITAL INCREASE SUPPORTED BY REFERENCE SHAREHOLDERS

SHARE CAPITAL INCREASE SUPPORTED BY REFERENCE SHAREHOLDERS SHARE CAPITAL INCREASE SUPPORTED BY REFERENCE SHAREHOLDERS SHOWROOMPRIVE ANNOUNCES THE LAUNCH OF A SHARE CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION RIGHTS JOINTLY SUPPORTED BY THE CO-FOUNDERS AND

More information

The issue of the New Bonds aims at refinancing the non-listed hybrid bonds issued in June 2017 for an amount of 60 million.

The issue of the New Bonds aims at refinancing the non-listed hybrid bonds issued in June 2017 for an amount of 60 million. Paris, September 17 th, 2018 Korian launches a tap issue of ODIRNANE for a nominal amount of approximately 60 million to be fully assimilated to its approximately 240 million ODIRNANE issued in July 2017

More information

Press release 14 June 2018

Press release 14 June 2018 This press release may not be published, transmitted or distributed, either directly or indirectly, in the United States, Canada, Australia or Japan. This press release does not constitute an offer for

More information

Maisons du Monde launches its Initial Public Offering on the regulated market of Euronext Paris and sets the indicative range per share

Maisons du Monde launches its Initial Public Offering on the regulated market of Euronext Paris and sets the indicative range per share Maisons du Monde launches its Initial Public Offering on the regulated market of Euronext Paris and sets the indicative range per share Press Release Nantes, 16 May 2016 Maisons du Monde sets indicative

More information

2015 Second Quarter Results

2015 Second Quarter Results Results Active Cash and Cost Management in Challenging Market Environment Q2 Revenue at $473m down (17)% q-o-q in challenging market conditions Data Acquisition down to $223m due to weak pricing conditions

More information

2014 Fourth Quarter & Full Year Results. A strong fourth quarter performance. 2014: a resilient year for CGG in a difficult market environment

2014 Fourth Quarter & Full Year Results. A strong fourth quarter performance. 2014: a resilient year for CGG in a difficult market environment & Full Year Results A strong fourth quarter performance Robust Operating Income 1 at $111m driven by strong performances from GGR and Sercel Record multi-client sales at $299m Solid cash generation 1 at

More information

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR JAPAN KLM (together, the Securities ) in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the US Securities Act of 1933, as amended (the Securities

More information

Not for distribution, directly or indirectly, in the United States of America, Canada, Australia or Japan.

Not for distribution, directly or indirectly, in the United States of America, Canada, Australia or Japan. Paris, February 15 th 2016 Success of the issue, by private placement, of net share settled bonds convertible into new shares and/or exchangeable for existing and/or new shares (ORNANE), due 19 February

More information

Solocal Group 2013 Full-Year results

Solocal Group 2013 Full-Year results PRESS RELEASE Sèvres, 13 February 2014 Solocal Group 2013 Full-Year results Consolidated revenues of 998.9 million euros down 5.8% on a like-for-like basis 1 Gross operating margin of 424.3 million euros

More information

Press Release Boulogne-Billancourt, on May 22, 2017

Press Release Boulogne-Billancourt, on May 22, 2017 Press Release Boulogne-Billancourt, on May 22, 2017 Antalis International obtains the visa of the Autorité des marchés financiers (the AMF ) on its prospectus for the listing of its shares on the regulated

More information

Carrefour launches an offering of US$500 million non-dilutive cash settled convertible bonds

Carrefour launches an offering of US$500 million non-dilutive cash settled convertible bonds This press release does not constitute or form a part of an offer of or solicitation to purchase securities in the United States of America or to, or for the account or benefit of, U.S. Persons (as defined

More information

CGG SECOND UPDATE TO THE REGISTRATION DOCUMENT

CGG SECOND UPDATE TO THE REGISTRATION DOCUMENT HY limited liability corporation (société anonyme) with a board of directors with a share capital of 221,331 registered office: Tour Maine-Montparnasse, 33, avenue du Maine, 75015 Paris 969 202 241 RCS

More information

2 nd Quarter 2017 Financial Results

2 nd Quarter 2017 Financial Results 2 nd Quarter 2017 Financial Results Quarterly EBITDA boosted by solid multi-client sales Focused on the swift delivery of our financial restructuring All results are presented before Non-Recurring Charges

More information

UBISOFT ENTERTAINMENT

UBISOFT ENTERTAINMENT August 19 th, 2015 BULLETIN DES ANNONCES LEGALES OBLIGATOIRES Bulletin n 99 Disclaimer This document is a free translation into English of the original French press release. It is not a binding document.

More information

Non-certified Translation from French to English for information purposes only

Non-certified Translation from French to English for information purposes only A French corporation (Société Anonyme) with share capital of 23,138,472 Corporate headquarters: 16, rue de Monceau - 75008 Paris Paris Register of Commerce and Companies number 393 525 852 Bonds convertible

More information

RIGHTS FOR EXISTING SHAREHOLDERS FOR AN AMOUNT TOTALLING 71 MILLION POWERS FOR WORLDWIDE EVENTS SUBSCRIPTION RIGHTS FOR EXISTING SHAREHOLDERS:

RIGHTS FOR EXISTING SHAREHOLDERS FOR AN AMOUNT TOTALLING 71 MILLION POWERS FOR WORLDWIDE EVENTS SUBSCRIPTION RIGHTS FOR EXISTING SHAREHOLDERS: Lyon, 6 November 2012 THIS PRESS RELEASE MAY NOT BE PUBLISHED, FORWARDED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN. GL EVENTS ANNOUNCES THE TERMS

More information

CGG 2018 Rights Issue. Roadshow presentation

CGG 2018 Rights Issue. Roadshow presentation CGG 2018 Rights Issue Roadshow presentation Forward-looking statements This presentation contains forward-looking statements, including, without limitation, statements about CGG ( the Company ) plans,

More information

Press release. Direct Energie successfully raises 130 million pursuant to its capital increase by private placement

Press release. Direct Energie successfully raises 130 million pursuant to its capital increase by private placement Press release Paris, 12 July 2017 Direct Energie successfully raises 130 million pursuant to its capital increase by private placement Direct Energie has set the final terms and conditions of the capital

More information

DRAFT OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE DRAFT SIMPLIFIED CASH TENDER OFFER INITIATED BY

DRAFT OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE DRAFT SIMPLIFIED CASH TENDER OFFER INITIATED BY English translation for information purposes only DRAFT OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE DRAFT SIMPLIFIED CASH TENDER OFFER INITIATED BY EDL HOLDING COMPANY, LLC EURO DISNEY INVESTMENTS S.A.S.

More information

Arranger Deutsche Bank AG, London Branch

Arranger Deutsche Bank AG, London Branch OFFERING CIRCULAR DATED 4 JUNE 2012 GLOBAL BOND SERIES XIV, S.A. (a public limited liability company (société anonyme), incorporated under the laws of the Grand Duchy of Luxembourg, having its registered

More information

Michelin launches an offering of non-dilutive cash-settled convertible bonds due 2022 for USD 400 million

Michelin launches an offering of non-dilutive cash-settled convertible bonds due 2022 for USD 400 million "No communication or information relating to Michelin s convertible non-dilutive cashsettled bonds issue may be distributed to the public in any jurisdiction in which registration or approval is required,

More information

Launch of issue of redeemable share subscription and/or purchase warrants ( BSAAR warrants ) reserved for Group employees and Albioma s CEO

Launch of issue of redeemable share subscription and/or purchase warrants ( BSAAR warrants ) reserved for Group employees and Albioma s CEO PRESS RELEASE Paris La Défense, 8 November 2018 Launch of issue of redeemable share subscription and/or purchase warrants ( BSAAR warrants ) reserved for Group employees and Albioma s CEO Offering not

More information

Arranger Deutsche Bank AG, London Branch

Arranger Deutsche Bank AG, London Branch OFFERING CIRCULAR DATED 4 NOVEMBER 2010 GLOBAL BOND SERIES II, S.A. (a public limited liability company (société anonyme), incorporated under the laws of the Grand Duchy of Luxembourg, having its registered

More information

English translation for information purposes only

English translation for information purposes only Alstom S.A. A French société anonyme (joint stock company) with a share capital of 1,555,473,297.00 Having its registered office at 48, rue Albert Dhalenne, 93400 Saint-Ouen, France Registered with the

More information

PROPOSED TERMS AND CONDITIONS OF THE OPG CONVERSION

PROPOSED TERMS AND CONDITIONS OF THE OPG CONVERSION ORCO PROPERTY GROUP S.A. 42 rue de la Vallée L-2661 Luxembourg Luxembourg R.C.S. Luxembourg B 44996 (the Company or OPG ) BONDS OF ORCO PROPERTY GROUP S.A. VAR/2011 ISSUE DATE FEBRUARY 3, 2006 ISIN CZ0000000195

More information

Arranger Deutsche Bank AG, London Branch

Arranger Deutsche Bank AG, London Branch OFFERING CIRCULAR DATED 18 APRIL 2011 GLOBAL BOND SERIES VIII, S.A. (a public limited liability company (société anonyme), incorporated under the laws of the Grand Duchy of Luxembourg, having its registered

More information

Theraclion launches 9.63 million capital raise, with shareholders preferential subscription rights

Theraclion launches 9.63 million capital raise, with shareholders preferential subscription rights Theraclion launches 9.63 million capital raise, with shareholders preferential subscription rights Subscription ratio: 1 new share for every 3 existing shares Subscription price: 5.98 per new share Subscription

More information

Free translation for information purposes only

Free translation for information purposes only Free translation for information purposes only Public Limited Company With a Share Capital of EUR 1,009,641,917.50 Company Registered Office: 29, boulevard Haussmann, 75009 Paris RCS Paris 552 120 222

More information

PRESS RELEASE FILING OF THE DRAFT OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE DRAFT SIMPLIFIED CASH TENDER OFFER INITIATED BY

PRESS RELEASE FILING OF THE DRAFT OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE DRAFT SIMPLIFIED CASH TENDER OFFER INITIATED BY The Offer described in this press release cannot be opened until it is approved by the Autorité des marchés financiers. PRESS RELEASE FILING OF THE DRAFT OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE DRAFT

More information

Carrefour places US$500 million non-dilutive cash settled convertible bonds

Carrefour places US$500 million non-dilutive cash settled convertible bonds This press release does not constitute or form a part of an offer of or solicitation to purchase securities in the United States of America or to, or for the account or benefit of, U.S. Persons (as defined

More information

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, OR AUSTRALIA.

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, OR AUSTRALIA. This press release does not constitute an offer to sell securities in the United States or in any other jurisdiction. The Bonds (and the underlying shares) may not be offered or sold in the United States

More information

Schedule 2 CHARACTERISTICS OF THE NOTES

Schedule 2 CHARACTERISTICS OF THE NOTES Schedule 2 CHARACTERISTICS OF THE NOTES Definitions: Affiliate Agent Anti-Corruption Laws Anti-Money Laundering Laws By-laws Change of Control Closing Date means (i) with respect to a person, any other

More information

REMARKABLE SUCCESS OF COGELEC S INITIAL PUBLIC OFFERING ON THE REGULATED MARKET OF EURONEXT PARIS

REMARKABLE SUCCESS OF COGELEC S INITIAL PUBLIC OFFERING ON THE REGULATED MARKET OF EURONEXT PARIS PRESS RELEASE REMARKABLE SUCCESS OF COGELEC S INITIAL PUBLIC OFFERING ON THE REGULATED MARKET OF EURONEXT PARIS More than 64.3 million in subscription requests, an offering oversubscribed 1.8 times, with

More information

BrightHouse Group plc ( BrightHouse or the Company ): Exchange Offer and Consent Solicitation

BrightHouse Group plc ( BrightHouse or the Company ): Exchange Offer and Consent Solicitation 5 Hercules Way Leavesden Park Watford Hertfordshire WD25 7GS Tel 01923 488200 19 December 2017 BrightHouse Group plc ( BrightHouse or the Company ): Exchange Offer and Consent Solicitation This Announcement

More information

Not for release, publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan or Australia

Not for release, publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan or Australia PRESS RELEASE MAISONS DU MONDE ANNOUNCES THE SUCCESS OF ITS OFFERING OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (OCEANES) DUE 2023 FOR A NOMINAL AMOUNT OF APPROX. 200

More information

COGELEC LAUNCHES ITS IPO ON THE REGULATED MARKET OF EURONEXT PARIS

COGELEC LAUNCHES ITS IPO ON THE REGULATED MARKET OF EURONEXT PARIS PRESS RELEASE COGELEC LAUNCHES ITS IPO ON THE REGULATED MARKET OF EURONEXT PARIS Issuance of around 18.2 million new shares plus sale of around 17.8 million existing shares: total initial offer volume

More information

Vallourec successfully places 250 million Bonds Convertible into New Shares and/or Exchangeable for Existing Shares (OCEANEs) due 2022

Vallourec successfully places 250 million Bonds Convertible into New Shares and/or Exchangeable for Existing Shares (OCEANEs) due 2022 Press release Vallourec successfully places 250 million Bonds Convertible into New Shares and/or Exchangeable for Existing Shares (OCEANEs) due 2022 Boulogne-Billancourt (France), 27 September 2017 Vallourec

More information

DRAFT SAFEGUARD PLAN OF CGG

DRAFT SAFEGUARD PLAN OF CGG Safeguard proceedings: CGG Commercial Court of Paris Opening ruling: 14 June 2017 N P.C.: P201701575 Supervising Judge: M. Jean-Pierre Bégon-Lours Judicial Administrator: SELARL FHB, acting through Maître

More information

Not for release, publication or distribution, directly or indirectly, in the United States of America, Canada, Japan or Australia

Not for release, publication or distribution, directly or indirectly, in the United States of America, Canada, Japan or Australia Not for release, publication or distribution, directly or indirectly, in the United States of America, Canada, Japan or Australia The Bonds have been offered only by way of a private placement to institutional

More information

Grant of free share subscription warrants (BSA) to all of the Company s shareholders

Grant of free share subscription warrants (BSA) to all of the Company s shareholders The English language version of this document is a free translation from the original, which was prepared in French. All possible care has been taken to ensure that the translation is an accurate representation

More information

GenSight Biologics launches its Initial Public Offering on the regulated market of Euronext in Paris

GenSight Biologics launches its Initial Public Offering on the regulated market of Euronext in Paris Press Release GenSight Biologics launches its Initial Public Offering on the regulated market of Euronext in Paris Capital increase of approximately 40 million, which may be increased to a maximum of approximately

More information

Schematrentaquattro S.p.A. EUR 200 million Unsecured Guaranteed Exchangeable Bonds due 2016 Exchangeable into shares of Pirelli & C. S.p.A.

Schematrentaquattro S.p.A. EUR 200 million Unsecured Guaranteed Exchangeable Bonds due 2016 Exchangeable into shares of Pirelli & C. S.p.A. NOT FOR DISTRIBUTION IN OR INTO THE US, CANADA OR JAPAN OR ANY OTHER COUNTRIES WHERE OFFERS OR SALES WOULD BE FORBIDDEN UNDER APPLCIABLE LAWS OR This indicative term sheet comprises only a summary of the

More information

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN CANADA OR JAPAN KLM (together, the Securities ) in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the US Securities Act of 1933, as amended (the

More information

ROCHE BOBOIS LAUNCHES ITS INITIAL PUBLIC OFFERING ON EURONEXT PARIS

ROCHE BOBOIS LAUNCHES ITS INITIAL PUBLIC OFFERING ON EURONEXT PARIS ROCHE BOBOIS LAUNCHES ITS INITIAL PUBLIC OFFERING ON EURONEXT PARIS Paris, 25 June 2018 Offering amount: 21.76 million 1 via the sale of existing shares, which may be increased to 25.02 million 1 if the

More information

Success of Europcar s Initial Public Offering

Success of Europcar s Initial Public Offering . Saint-Quentin en Yvelines, June 25th, 2015 Success of Europcar s Initial Public Offering Offering price: 12.25 per share Total size of the global offering: approximately 879 million, which may be increased

More information

FORM 6-K. CGG (Exact name of registrant as specified in its charter)

FORM 6-K. CGG (Exact name of registrant as specified in its charter) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 CGG (Exact name of registrant

More information

IMPORTANT NOTICE IMPORTANT:

IMPORTANT NOTICE IMPORTANT: IMPORTANT NOTICE IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached Offering Circular, whether received by e-mail or otherwise received

More information

Quantum Genomics raises 5.54m via private placement in the United States

Quantum Genomics raises 5.54m via private placement in the United States DO NOT BROADCAST, PUBLISH OR DISTRIBUTE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Paris, 17 March 2016 Quantum Genomics raises 5.54m via private placement in the United

More information

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA RALLYE EUR 200,000,000 5.25 per cent. Non-Dilutive Cash Settled Bonds due 2022 Exchangeable into Existing Shares of Casino, Guichard-Perrachon (the Bonds ) (ISIN code FR0013215415) Capitalised terms not

More information

SMCP launches its initial public offering on the regulated market of Euronext Paris

SMCP launches its initial public offering on the regulated market of Euronext Paris SMCP launches its initial public offering on the regulated market of Euronext Paris Paris, 9 October 2017 Indicative offering price range for the French public offering and the international offering:

More information

Notice of stabilization transactions

Notice of stabilization transactions Paris, 17 November 2017 Notice of stabilization transactions SMCP announces today that, in connection with its initial public offering, it has received from J.P. Morgan Securities plc, acting as stabilizing

More information

FORM 6-K. CGG (Translation of registrant s name into English)

FORM 6-K. CGG (Translation of registrant s name into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month

More information

1 st quarter of 2014 results Ongoing transformation of the Group and confirmed outlook for 2014

1 st quarter of 2014 results Ongoing transformation of the Group and confirmed outlook for 2014 PRESS RELEASE Sèvres, 29 April 2014 1 st quarter of 2014 results Ongoing transformation of the Group and confirmed outlook for 2014 Consolidated revenues of 215.7 million euros down 5.4%, Internet representing

More information

GENFIT COMPLETES HIGHLY SUCCESSFUL RIGHTS OFFERING OF APPROX MILLION

GENFIT COMPLETES HIGHLY SUCCESSFUL RIGHTS OFFERING OF APPROX MILLION Not for publication, release or distribution directly or indirectly in the United States of America, Canada, Australia or Japan. This press release is not an offer of securities, or a solicitation for

More information

OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE SIMPLIFIED CASH TENDER OFFER ON THE EURO DISNEY S.C.A. SHARES INITIATED BY

OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE SIMPLIFIED CASH TENDER OFFER ON THE EURO DISNEY S.C.A. SHARES INITIATED BY English translation for information purposes only OFFER DOCUMENT PREPARED BY IN RESPONSE TO THE SIMPLIFIED CASH TENDER OFFER ON THE EURO DISNEY S.C.A. SHARES INITIATED BY EDL HOLDING COMPANY, LLC EURO

More information

AGATE ASSETS S.A. (a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg)

AGATE ASSETS S.A. (a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg) BASE PROSPECTUS AGATE ASSETS S.A. (a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg) EUR 10,000,000,000 CLASSIC Asset Backed Medium Term

More information

Press Release Boulogne-Billancourt, on April 24, 2017

Press Release Boulogne-Billancourt, on April 24, 2017 Press Release Boulogne-Billancourt, on April 24, 2017 Sequana announces the distribution of Antalis International shares to its shareholders on the basis of one Antalis International share for five Sequana

More information

Final Terms dated 11 September 2015 BANQUE PALATINE. 5,000,000,000 Euro Medium Term Note Programme

Final Terms dated 11 September 2015 BANQUE PALATINE. 5,000,000,000 Euro Medium Term Note Programme Final Terms dated 11 September 2015 BANQUE PALATINE 5,000,000,000 Euro Medium Term Note Programme 30,000,000.00 to 40,000,000.00 Notes indexed to the performance of the EURO STOXX 50 and maturing on 28

More information

Case hdh11 Doc 382 Filed 02/03/17 Entered 02/03/17 18:12:48 Page 193 of 231

Case hdh11 Doc 382 Filed 02/03/17 Entered 02/03/17 18:12:48 Page 193 of 231 Case 16-34393-hdh11 Doc 382 Filed 02/03/17 Entered 02/03/17 18:12:48 Page 193 of 231 I. Introduction RIGHTS OFFERING PROCEDURES The Debtors are pursuing a proposed plan of reorganization (the Plan ) under

More information

250,000,000. Per Unit Total (1) ,000,000 13,200, ,800,000

250,000,000. Per Unit Total (1) ,000,000 13,200, ,800,000 250,000,000 25,000,000 Units, each consisting of one Market Share and one Market Warrant Mediawan (the Company ) is a special purpose acquisition company incorporated on 15 December 2015, under the laws

More information

The nominal amount of the Issue will be 150,000,000, with an increase option of up to 25,000,000, allowing for the incomplete subscription.

The nominal amount of the Issue will be 150,000,000, with an increase option of up to 25,000,000, allowing for the incomplete subscription. Sacyr, S.A. ( Sacyr, the Company or the Issuer ), pursuant to article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse and article 226 of the Restated Text

More information

This press release may not be published, forwarded or distributed, directly or indirectly, in the United States, Canada, Australia or Japan.

This press release may not be published, forwarded or distributed, directly or indirectly, in the United States, Canada, Australia or Japan. Figeac, 11 October 2017 LAUNCH OF AN OFFERING OF NET SHARE SETTLED BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (ORNANEs) DUE 18 OCTOBER 2022 IN A NOMINAL AMOUNT OF APPROXIMATELY

More information

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. This press release is an advertisement and not a prospectus and not an offer of securities for sale to U.S. persons or in any jurisdiction, including in or into the United States, Canada, Japan or Australia.

More information

INDEPENDENT ON-DEMAND GUARANTEE

INDEPENDENT ON-DEMAND GUARANTEE INDEPENDENT ON-DEMAND GUARANTEE The KINGDOM OF BELGIUM, for 51.41%, the FRENCH REPUBLIC, for 45.59%, and the GRAND DUCHY OF LUXEMBOURG, for 3%, (the States ) hereby unconditionally and irrevocably, severally

More information

Societe Anonyme with a share capital of EUR 985, , rue La Boétie, Paris Paris Trade Registry no. B OFFERING MEMORANDUM

Societe Anonyme with a share capital of EUR 985, , rue La Boétie, Paris Paris Trade Registry no. B OFFERING MEMORANDUM Circulated to the public for the purpose of: Societe Anonyme with a share capital of EUR 985,718.00 106, rue La Boétie, 75008 Paris Paris Trade Registry no. B 499 619 864 OFFERING MEMORANDUM - The admission

More information

TEXT OF THE DRAFT RESOLUTIONS

TEXT OF THE DRAFT RESOLUTIONS . TEXT OF THE DRAFT RESOLUTIONS PRESENTED BY THE BOARD OF DIRECTORS TO THE COMBINED SHAREHOLDERS MEETING OF MAY 26, 2011. TEXT OF THE DRAFT RESOLUTIONS PRESENTED BY THE BOARD OF DIRECTORS TO THE COMBINED

More information

Resilient third quarter operating income Transformation Plan on track Successful amendment of our Credit Agreements

Resilient third quarter operating income Transformation Plan on track Successful amendment of our Credit Agreements Resilient third quarter operating income Transformation Plan on track Successful amendment of our Credit Agreements PARIS, France November 6 th CGG (ISIN: 0000120164 NYSE: CGG), world leader in Geoscience

More information

ERYTECH TO RAISE 70.5 MILLION IN A PRIVATE PLACEMENT TO U.S. AND EUROPEAN INVESTORS

ERYTECH TO RAISE 70.5 MILLION IN A PRIVATE PLACEMENT TO U.S. AND EUROPEAN INVESTORS PRESS RELEASE THIS DOCUMENT MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. THIS PRESS RELEASE IS NOT INTENDED AS AN OFFER AND IS

More information

NEOVACS SUCCESSFULLY RAISES 6.0 MILLION IN PRIVATE PLACEMENT WITH U.S. BIOTECHNOLOGY INSTITUTIONAL INVESTORS

NEOVACS SUCCESSFULLY RAISES 6.0 MILLION IN PRIVATE PLACEMENT WITH U.S. BIOTECHNOLOGY INSTITUTIONAL INVESTORS PRESS RELEASE PRESS RELEASE PRESS RELEASE NEOVACS SUCCESSFULLY RAISES 6.0 MILLION IN PRIVATE PLACEMENT WITH U.S. BIOTECHNOLOGY INSTITUTIONAL INVESTORS Paris and Boston, July 31, 2017 7:30 am CET- Neovacs

More information

REPORT OF THE BOARD OF DIRECTORS TO THE GENERAL MEETINGS OF THE HOLDERS OF THE BONDS LISTED HEREUNDER

REPORT OF THE BOARD OF DIRECTORS TO THE GENERAL MEETINGS OF THE HOLDERS OF THE BONDS LISTED HEREUNDER English translation for information purposes only Alstom S.A. A French société anonyme (joint stock company) with a share capital of 1,555,534,771.00 Having its registered office at 48, rue Albert Dhalenne,

More information

NAVYA ANNOUNCES THAT IT EXTENDS THE OFFERING PERIOD OF ITS INITIAL PUBLIC OFFERING

NAVYA ANNOUNCES THAT IT EXTENDS THE OFFERING PERIOD OF ITS INITIAL PUBLIC OFFERING NAVYA ANNOUNCES THAT IT EXTENDS THE OFFERING PERIOD OF ITS INITIAL PUBLIC OFFERING Paris, France, 19, 2018 NAVYA (the Company ), a leading company in the autonomous vehicle market and in smart and shared

More information