Adjustment of the Exercise Ratio of the Peugeot SA Warrants
23 Mai 2014 - 6:27PM
Business Wire
Regulatory News:
Following the capital increase with preferential subscription
rights completed by Peugeot SA (Paris:UG) (the “Company”) on May
23rd, 2014 (the characteristics of the capital increase are set out
in the prospectus that received from the Autorité des marchés
financiers (the « AMF ») the visa number 14-162 dated April 28th,
2014), the holders of Peugeot warrants (ISIN: FR0011832237) are
informed that, pursuant to the terms and conditions set out in
paragraph 4.2.7.4 .1. a) of the securities note included in the
prospectus for the admission of the warrants that received from the
AMF the visa number 14-121 on April 2nd, 2014, the Exercise Ratio
of the warrants has been modified.
On the basis of the new Exercise Ratio, holders of warrants are
from now on entitled to subscribe to 3.50 new shares through the
exercise of 10 warrants for an aggregate amount of €22.50
(corresponding to an implied subscription price of €6.43 per new
share).
Each holder of warrants will be entitled to subscribe to a
number of new shares in the Company calculated by applying to the
number of warrants exercised the applicable Exercise Ratio. If the
number of shares to be received is not a whole number, each holder
will be entitled to receive:
- either the number of shares rounded
down to the nearest whole number and a cash indemnification
corresponding to the fractional share, equal to the last price on
the trading day preceding the day on which the request for the
exercise of the warrants is filed;
- or the number of shares rounded up to
the nearest whole number, subject to an additional cash payment
equal to the value of the fraction of the additional share so
requested.
Where the holder of the warrants does not indicate the option he
wants to pursue, he will be delivered the number of shares rounded
down to the nearest whole number plus a payment in cash as
described above.
The Company reminds that holders of warrants have the
possibility at any time from April 29th, 2015 until
April 29th, 2017(inclusive) to subscribe new shares by
exercising their warrants.
PSA Peugeot Citroën
With its three world-renowned brands, Peugeot, Citroën and DS,
the Group sold 2.8 million vehicles worldwide in 2013, out of which
42% outside Europe. As Europe’s second largest carmaker, it
recorded sales of €54 billion in 2013. PSA Peugeot Citroën has
sales offices in 160 countries. The Group confirms its position of
European leader in terms of CO2 emissions, with an average of 116.2
grams of CO2/km in 2013. Its activities also include financing
activities (Banque PSA Finance) and automotive equipment
(Faurecia). For more information go to
http://www.psa-peugeot-citroen.com
Investors RelationsCarole Dupont-Pietri+33 (0) 1 40 66 42
59carole.dupont-pietri@mpsa.comAnne-Laure Descleves+33 (0) 1 40 66
43 65annelaure.descleves@mpsa.comKarine Douet+33 (0) 1 40 66 57
45karine.douet@mpsa.com
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