AIR FRANCE - KLM : Conversion in new shares of almost all the OCEANEs maturing on February 15, 2023
November 09 2017 - 12:45PM
Roissy, 9 November 2017
Conversion in new
shares of almost all the OCEANEs maturing on February 15,
2023
__________________________________________________________________________
Air France-KLM announces that,
following its decision published on 16 October 2017 to exercise its
early redemption option in respect of its bonds convertible into
and/or exchangeable for new or existing shares maturing on February
15, 2023 (ISIN FR0011453463, the "OCEANEs"), nearly all the holders
of OCEANEs have exercised their right to convert their OCEANEs into
shares.
Exercise notices for 53,359,937
OCEANEs have been received, representing 99.96% of the outstanding
OCEANEs as at 16 October 2017, giving right to the delivery of
53,359,937 ordinary shares with a nominal value of EUR 1.00
each.
33,097,018 new shares will be
delivered on 10 November 2017 to the holders of OCEANEs having sent
their exercise notice before 31 October 2017 (included). Such new
shares will be admitted to trading on the regulated market of
Euronext Paris on 14 November 2017. 20,262,919 new shares will be
delivered on 15 November 2017 to the holders of OCEANEs having sent
their exercise notice between 31 October 2017 and 6 November 2017.
Such new shares will be admitted to trading on the regulated market
of Euronext Paris on 17 November 2017.
A total amount of approximately
EUR 249,000 will be paid in cash on 15 November 2017 to the holders
of the 23,768 OCEANEs which have not exercised their conversion
right.
The share capital of the Company
will be increased by an amount of EUR 53,359,937 and will amount to
EUR 428,634,035 comprising 428,634,035 ordinary shares with a
nominal value of EUR 1.00 each (ISIN Code FR0000031122).
This transaction allows Air
France-KLM to further enhance its financial structure by continuing
to reduce its indebtedness and improve its equity.
Investor
Relations
Press
Marie-Agnès de
Peslouan
Wouter van
Beek
+33 1 49 89 52 59
+33 1 49 89 52
60
+33 1 41 56 56 00
madepeslouan@airfranceklm.com
Wouter-van.Beek@airfranceklm.com
www.airfranceklm.com
AFKL: Conversion in new shares of
almost all the OCEANEs
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AIR FRANCE - KLM via Globenewswire
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