SOLOCAL GROUP PRESS RELEASE |
Boulogne-Billancourt, 3rdAugust 2016 |
Rights Issue | Debt Conversion into Equity | Reserved Capital Increase | Reinstated Debt & MCBs (€m) | Shareholders Warrants | Creditors Warrants | |||||||
Participation Rate | Amount of Cash Raised (€m) | Issue Price | Amount (€m) | Issue Price | Amount (€m) | Issue Price | Reinstated Debt | MCBs | # of Warrants (m) | Strike Price | # of Warrants (m) | Strike Price |
- | - | € 1,00 | 400 | € 1,00 | 164 | € 2,14 | 400 | 200 | 39 | € 1,50 | 45 | € 2,00 |
75% | 300 | € 1,00 | 100 | € 1,00 | 384 | € 4,73 | 400 | - | 39 | € 1,50 | 155 | € 2,00 |
100% | 400 | € 1,00 | - | € 1,00 | 384 | € 4,73 | 400 | - | 39 | € 1,50 | 155 | € 2,00 |
Amount of Cash Raised (€m) | Existing # of Shares (m) | # of Shares (m) created through: | # of Shares (m) before dilution from MCB and Warrants | # of Shares (m) created through: | # of Shares (m) after dilution from MCB and Warrants | ||||
Rights Issue | Debt Conversion | Reserved Capital Increase | MCB Redemption | Shareholders Warrants Exercise | Exercise of Creditors Warrants | ||||
- | 39 | - | 400 | 77 | 516 | 100 | 39 | 45 | 699 |
300 | 39 | 300 | 100 | 81 | 520 | - | 39 | 155 | 713 |
400 | 39 | 400 | - | 81 | 520 | - | 39 | 155 | 713 |
SoLocal Group, European leader in local online communication, reveals local know-how, and boosts local revenues of businesses. The Internet activities of the Group are structured around two business lines: Local Search and Digital Marketing. With Local Search, the Group offers digital services and solutions to clients which enable them to enhance their visibility and develop their local contacts. Thanks to its expertise, SoLocal Group earned the trust of some 530,000 clients of those services and over 2.2 billions of visits via its 4 flagship brands (PagesJaunes, Mappy, Ooreka and A Vendre A Louer) but also through its partnerships. With Digital Marketing, SoLocal Group creates and provides Internet users with the best local and customised content about professionals. With over 4,400 employees, including a salesforce of 1,900 local communication advisors specialised in five verticals (Home, Services, Retail, Health & Public, BtoB) and Internationally (France, Spain, Austria, United Kingdom), the Group generated in 2015 revenues of 873 millions euros, of which 73% on Internet and ranks amongst the first European players in terms of Internet advertising revenues. SoLocal Group is listed on Euronext Paris (LOCAL). More information may be obtained atwww.solocalgroup.com.
ContactsPress Delphine Penalva +33 (0)1 46 23 35 31 dpenalva@solocal.com Edwige Druon +33 (0)1 46 23 37 56 edruon@solocal.com | Investors Elsa Cardarelli +33 (0)1 46 23 40 92 ecardarelli@solocal.com |
All financial data and indicators are published in details within the report of Consolidated financial information as of 30 June 2016 which is available on the corporate website, www.solocalgroup.com (finance area).
This press release contains forward-looking statements. Any forward-looking statement does not constitute forecasts as defined in European regulation (EC) 809/2004. Although SoLocal Group feels that its estimates are based upon assumptions which we believe to be reasonable, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in said forward-looking statements. For a discussion of risks and uncertainties which could cause actual results, financial condition, performance or achievements of SoLocal Group to differ from those contained in the forward-looking, please refer to the "Risk factors" section of the "Document de Référence" filed with the French financial markets authority (AMF) and available on the Internet sites of the AMF (www.amf-france.org) and of SoLocal Group (www.solocalgroup.com). Accounting data represented on an annual basis in audited consolidated form and on an quarterly basis in unaudited consolidated form.
Solocal Group SA published this content on 03 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 August 2016 08:00:03 UTC.
Original documenthttp://www.solocalgroup.com/sites/default/files/documents/SLG_projet_restructuration_financiere_informations_compl%C3%A9mentaires_3aout2016_US.pdf
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