Determination of the final price of the additional USD 150 million tap issue of non-dilutive cash-settled convertible bonds due 2022 to be fully assimilated to the non-dilutive cash-settled convertible bonds due 2022 with a current nominal amount of USD 575 million
17 November 2017 - 8:13 pm - Finances - France
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN
This press release does not constitute a solicitation to purchase or an offer of the Bonds (as defined below) or the shares of VINCI (together, the "Securities") in the United States of America or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the US Securities Act of 1933, as amended). The Securities may not be offered or sold in the United States of America or to, or for the account or benefit of, U.S. Persons unless they are registered or exempt from registration under the US Securities Act of 1933, as amended. VINCI does not intend to register all or any portion of the offering in the United States of America or to conduct a public offering of the Securities in the United States of America.
In connection with the USD 150 million tap issue of non-dilutive cash-settled convertible bonds (the "New Bonds") to be, from the settlement date of the New Bonds, fully assimilated to the USD 450 million non-dilutive cash-settled convertible bonds due February 16, 2022, issued by VINCI on February 16, 2017 and to the USD 125 million non-dilutive cash-settled convertible bonds due February 16, 2022 issued on May 18, 2017 (together the "Original Bonds"), VINCI hereby notifies the purchasers of the New Bonds of the following determination and calculations:
• the Additional Issue Share Reference Price for the New Bonds is €84.3930 ;
• the reference FX rate (FX) (being the EUR/USD spot rate on November 17, 2017) is €1=USD1.17960 ; and
• The Final Tap Price is USD 222,827.89 per New Bond (including accrued interest)
The settlement and delivery of the New Bonds is expected to take place on November 22, 2017.
VINCI is a global player in concessions and construction, employing more than 183,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities.