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Successful early redemption of the bonds convertible into and/or exchangeable for new or existing shares (OCEANE) due January 1, 2018

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On December 7, 2015, Faurecia announced its decision to proceed with the early redemption of OCEANE issued on September 18, 2012 and convertible into new shares and/or exchangeable for existing shares (ISIN FR0011321363).
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There were 8,479,891 OCEANEs outstanding as at November 30, 2015, out of a total of 12,833,675 OCEANEs issued initially.

Up to January 6, 2016, the holders of the OCEANEs had the option, either to convert their OCEANEs into Faurecia shares, at the ratio of 1.02 share (ISIN FR0000121147) per 2009 OCEANE presented, or to receive on January 15, 2016 a cash amount equal to EUR 19.504 per 2009 OCEANE, including accrued interest.

Bondholders opted nearly unanimously for conversion of their OCEANEs into Faurecia shares: 8,454,791 OCEANEs, i.e. 99.70% of the total outstanding, have been converted into 8,623,867 new Faurecia shares.

Following the redemption/conversion process, the total number of outstanding Faurecia shares is 137,882,901.

This early redemption initiated by Faurecia allows the Group to reinforce its equity and to reduce its net debt position by around EUR 225 million.

 

Important Notice:

Nothing in the present notice constitutes an offer to sell or the solicitation of an offer to buy in any jurisdiction (including in the United States of America, in Italy or in the United Kingdom). No document related to this early redemption can be circulated, directly or indirectly (i) in the United States of America, in Italy or in the United Kingdom, or to any person located or resident in these countries or in the countries mentioned in (ii) hereafter or (ii) in any other country where such circulation could be illegal or submitted to legal restrictions.

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