early amortization by redemption of bonds convertible into new shares and/or exchangeable for existing shares due JANUARY 1, 2020 (the "2014 OCEANES")
 
 
Paris, June 15th 2016

 

Pursuant to the provisions of the prospectus of the 2014 OCEANES (ISIN Code: FR0011983105) issued by Nexity (Paris: NXI) (the "Company" or "Nexity") approved by the Autorité des marchés financiers (the "AMF") on June 13, 2014 under visa n° 14-0288 (the "2014 OCEANES Prospectus"), the holders of 2014 OCEANES are informed that the total number of outstanding 2014 OCEANES is, as of today, less than 15% of the number of 2014 OCEANES initially issued.

Consequently, the Company informs the holders of 2014 OCEANES remaining outstanding that it will proceed to the early redemption in the conditions provided for in the 2014 OCEANES Prospectus pursuant to Section 4.1.8.1.3 of the 2014 OCEANES Prospectus for the purposes of cancelling the 2014 OCEANES in accordance with the applicable law.

The date of early redemption of the 2014 OCEANES has been set at  July 15th 2016 (the "Early Redemption Date"), at the price of 43,34 EUR plus accrued interests since July 1, 2016 until the Early Redemption Date, i.e. a total amount of43,35 EUR per 2014 OCEANE.

Holders of 2014 OCEANES have the possibility to exercise their right to the allocation of shares of the Company pursuant to the terms of the 2014 OCEANES Prospectus until the end of the seventh business day preceding the Early Redemption Date, i.e. until July 5th 2016 (included). Any holder of 2014 OCEANES that will not have validly exercised his or her right to the allocation of shares prior to this date will be redeemed in the conditions determined above.

It is recalled that in order to exercise their right to the allocation of shares of the Company, the holders of 2014 OCEANES shall address a request for such purpose to the financial intermediary their 2014 OCEANES are registered with. Any request for exercise shall be irrevocable as of its receipt by the relevant financial intermediary.

The date of request for exercise shall be the business day during which the last one of the following conditions (1) and (2) is met, at 5:00 pm CET at the latest, or the following business day if the said condition is met after 5:00 pm CET (the "Date of Request"):


(1)       CACEIS Corporate Trust (the "Centralization Agent") will have received the request for exercise transferred by the financial intermediary in the books of which the 2014 OCEANES are registered;

(2)       the relevant 2014 OCEANES will have been transferred to the Centralization Agent by the relevant financial intermediary.

It is recalled that, as indicated in the notice of adjustment of the conversion/exchange ratio for the bonds exchangeable and/or convertible into new or existing shares with a maturity date of January 1st, 2020 published by Nexity on June 8th, 2016, the conversion/exchange ratio for the 2014 OCEANES was adjusted in connection with the payment of the dividend on 7 June 2016. The new conversion/exchange ratio is set at 1,103 shares of the Company of 5 euros of nominal value for 1 OCEANE 2014. In case of fractional shares, section 4.2.7 of the OCEANES 2014 Prospectus shall be referred to.

In principle, any request for exercise of the right to the attribution of shares that is transferred to the Centralization Agent in its capacity of centralizer in the course of a calendar month shall take effect at the earliest of the following two dates (the "Exercise Date") :

  • the last business day of the said calendar month;
     
  • the seventh business day preceding the scheduled date for redemption.

Holders of the 2014 OCEANES will receive their shares at the latest on the seventh business day following the Exercise Date.

For more information, holders of 2014 OCEANES are encouraged to consult the 2014 OCEANES Prospectus, available on the websites of the AMF (http://www.amf-france.org) and Nexity (www.nexity.fr).


AT NEXITY, WE AIM TO SERVE ALL OUR CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVE
Nexity offers the widest range of advice and expertise, products, services and solutions for private individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns.
Our business lines - real estate brokerage, management, design, development, planning, advisory and related services - are now optimally organised to serve and support our clients. As the benchmark operator in our sector, we are resolutely committed to all of our clients, but also to the environment and society as a whole.

Nexity is listed on the SRD and on Euronext's Compartment A
Member of the indices: SBF 80, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All Tradable
Ticker symbol: NXI - Reuters: NXI.PA - Bloomberg: NXI FP
ISIN: FR0010112524
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CONTACTS
Julien Carmona - Chief Financial Officer / +33 (0)1 85 55 14 97 - investorrelations@nexity.fr
Blandine Castarède - Head of Communication and Brand Strategy / + 33(0) 1 85 55 15 52 - bcastarede@nexity.fr
Anne Gindt - Press Contact / + 33(0) 1 85 55 10 54 - agindt@nexity.fr

Early amortization by redemption OCEANE



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: Nexity via Globenewswire

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