CAIXABANK, S.A. The Board of Directors of CaixaBank S.A. has today agreed to early redeem the mandatory exchangeable bonds into Repsol S.A. shares denominated "Unsecured Mandatory Exchangeable Bonds due 2016", with the following ISIN Code: XS0994834587 (the "Exchangeable Bonds").
The Exchangeable Bonds are to be amortised through the delivery of the underlying Repsol shares to the bondholders. The Redemption Date of the Exchangeable Bonds will take place on the 3rd of March 2016 and the Settlement Date for such underlying shares will take place on the 10th of March 2016. Each Exchangeable Bond is to receive 5,479.45 shares in Repsol, 1,340.16 Euros in accrued interest and 3,048.90 Euros as a Make Whole Amount, as outlined in the terms and conditions of said Exchangeable Bond.
As a result, after adjusting for any Exchangeable Bonds held by CaixaBank itself, CaixaBank will deliver 29,824,657.53 shares, representing 2.0686% of Repsol's share capital. CaixaBank will notify the owners of such Exchangeable Bonds with the format and notice period that is stipulated in the terms and conditions.
The decision to early redeem the bonds through delivery of the underlying shares does not alter in any way CaixaBank's intention to maintain a degree of participation in Repsol in line with the existing one and which allows for the exercise of significant influence in the company.
Barcelona, January 28 th 2016
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CaixaBank SA issued this content on 28 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2016 19:32:17 UTC
Original Document: http://www.caixabank.com/StaticFiles/pdfs/160128_HR_REP_en.pdf
