NOT FOR PUBLICATION,
DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.
Ingenico Group announces the
success of its offering of Bonds Convertible into and/or
Exchangeable for New and/or Existing Shares (OCEANEs)
Ingenico Group (the « Company » or « Ingenico Group ») (ISIN: FR0000125346 - ING) has launched today
an offering of bonds convertible into and/or exchangeable for new
and/or existing shares ("OCEANEs") due 2022
(the "Bonds") with a nominal amount of
approximately €500 million, representing a potential dilution of
4.8% of the Company's share capital.
Philippe Lazare, Chief Executive Officer of
Ingenico Group, commented: "We are delighted with
this successful issuance of convertible bonds which, while
benefiting from favorable conditions, was significantly
over-subscribed. This success reflects investors' confidence in
Ingenico Group's prospects for the future. It will enable us to
pursue our strategy of profitable growth aimed at strengthening our
position as global leader in seamless payment."
The Bonds' nominal value has been set at €172.15
per Bond, representing an issue premium of 55% above Ingenico
Group's reference share price[1].
The Bonds will not bear any interest. The Bonds
will be issued at par on 26 June 2015, the expected settlement date
of the Bonds, and redeemed at par on 26 June 2022 (or on the
following business day if this date is not a business day).
The Bonds will entitle their holders to receive
new and/or existing Ingenico Group shares at a ratio of one share
per one Bond, subject to any potential subsequent adjustments. The
Bonds may be redeemed prior to maturity at the option of the
Company, under certain conditions.
In the context of the offering, the Company has
agreed to a lock-up undertaking of 90 days, subject to certain
exceptions.
The Bonds have been offered only by way of a
private placement in France and outside France (excluding the
United States of America, Canada, Australia or Japan) to persons
referred to in Article L. 411-2-II of the French monetary and
financial code (Code monétaire et
financier).
An application for the listing of the Bonds on the
Open Market (Marché Libre) of Euronext in
Paris will be made. Such listing is expected on 26 June 2015.
This offering has been managed by Goldman Sachs
International and Société Générale Corporate & Investment
Banking acting as Global Coordinators, Joint Lead Managers and
Joint Bookrunners, and Barclays Bank PLC, BNP PARIBAS, HSBC and
Natixis acting as Joint Lead Managers and Joint Bookrunners.
The offering of the Bonds is not subject to a
prospectus approved by the French Financial Market Authority
(Autorité des marchés financiers) (the « AMF »). Detailed information on Ingenico Group,
including its business, results, prospects and related risk factors
are described in the Company's reference document filed with the
AMF on 20 March 2015 under number D.15-0183, which is available
together with all the press releases and other regulated
information about the Company, on Ingenico Group's website
(www.ingenico.com). The Terms and Conditions of the Bonds will be
made available on the Company's website.
This press release does not constitute or form
part of any offer or solicitation to purchase or subscribe for or
to sell securities and the offering of the Bonds is not an offer to
the public in any jurisdiction, including France.
[1] The
reference share price is equal to the volume-weighted average price
of the Company's shares recorded on the regulated market of
Euronext in Paris from the opening of trading on 23 June 2015 until
the determination of the final terms and conditions of the
Bonds.
About Ingenico
Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader
in seamless payment, providing smart, trusted and secure solutions
to empower commerce across all channels, in-store, online and
mobile. With the world's largest payment acceptance network, we
deliver secure payment solutions with a local, national and
international scope. We are the trusted world-class partner for
financial institutions and retailers, from small merchants to
several of the world's best known global brands. Our solutions
enable merchants to simplify payment and deliver their brand
promise.
www.ingenico.com twitter.com/ingenico
Contacts
Investors &
Communication
Catherine Blanchet
VP IR & Corporate Communication
catherine.blanchet@ingenico.com
(T) / +33 1 58 01 85 68 |
Investors
Caroline Alamy
Investor Relations
caroline.alamy@ingenico.com
(T) / +33 1 58 01 85 09 |
Important
notice
This press release may not be published,
distributed or released directly or indirectly in the United States
of America, Canada, Australia or Japan.
No communication or information relating to the
issuance by Ingenico Group of bonds convertible into and/or
exchangeable for new and/or existing shares (the "Bonds") may be transmitted to the public in a country
where there is a registration obligation or where an approval is
required. No action has been or will be taken in any country in
which such registration or approval would be required. The issuance
or the subscription of the Bonds may be subject to legal and
regulatory restrictions in certain jurisdictions; Ingenico Group
assumes no liability in connection with the breach by any person of
such restrictions.
This press release is an advertisement and not a
prospectus within the meaning of Directive 2003/71/EC of the
European Parliament and the Council of 4 November 2003 as amended,
as implemented in each member state of the European Economic Area
(the "Prospectus Directive").
This press release is not an offer to the public,
an offer to subscribe or designed to solicit interest for purposes
of an offer to the public in any jurisdiction, including
France.
The Bonds will be offered only by way of a private
placement in France and outside France (excluding the United States
of America, Canada, Australia or Japan) to persons referred to in
Article L.411-2-II of the French monetary and financial code (Code
monétaire et financier), without an offer to the public in any
country (including France).
European Economic Area
With respect to the Member States of the European
Economic Area which have implemented the Prospectus Directive (the
"Relevant Member States"), no action has been
undertaken or will be undertaken to make an offer to the public of
the Bonds requiring a publication of a prospectus in any Relevant
Member State. As a result, the Bonds may only be offered in
Relevant Member States:
(a) to any legal entity
which is a qualified investor as defined in the Prospectus
Directive;
(b) to fewer than 150
natural or legal persons (other than qualified investors as defined
in the Prospectus Directive); or
(c) in any other
circumstances falling within Article 3(2) of the Prospectus
Directive.
For the purposes of this paragraph, (i) the
expression "offer to the public of Bonds" in
any Relevant Member States, means any communication, to individuals
or legal entities, in any form and by any means, of sufficient
information on the terms and conditions of the offering and on the
Bonds to be offered, thereby enabling an investor to decide to
purchase or subscribe for the Bonds, as the same may be varied in
that Member State.
These selling restrictions with respect to Member
States apply in addition to any other selling restrictions which
may be applicable in the Member States who have implemented the
Prospectus Directive.
France
The Bonds have not been and will not be offered or
sold or cause to be offered or sold, directly or indirectly, to the
public in France. Any offer or sale of the Bonds and distribution
of any offering material relating to the Bonds have been and will
be made in France only to (a) persons providing investment services
relating to portfolio management for the account of third parties
(personnes fournissant le service d'investissement de gestion de
portefeuille pour compte de tiers), and/or (b) qualified investors
(investisseurs qualifiés) acting for their own account, as defined
in, and in accordance with, Articles L. 411-2 and D.411-1 of the
French monetary and financial Code (Code monétaire et
financier).
United Kingdom
This press release is addressed only (i) to
persons located outside the United Kingdom, (ii) to investment
professionals as defined in Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"), (iii) to people designated by
Article 49(2) (a) to (d) of the Order or (iv) to any other person
to whom this press release could be addressed pursuant to
applicable law (the persons mentioned in paragraphs (i), (ii),
(iii) and (iv) all deemed relevant persons ("Relevant Persons"). The Bonds and, if applicable, the
shares of Ingenico Group to be delivered upon exercise of the
conversion rights (the "Financial
Instruments") are intended only for Relevant Persons and any
invitation, offer of contract related to the subscription, tender,
or acquisition of the Financial Instruments may be addressed and/or
concluded only with Relevant Persons. All persons other than
Relevant Persons must abstain from using or relying on this
document and all information contained therein.
This press release is not a prospectus which has
been approved by the Financial Services Authority or any other
United Kingdom regulatory authority for the purposes of Section 85
of the Order.
Each institution in charge of the placement has
represented and agreed that:
(i) it has only
communicated or caused to be communicated and will only communicate
or cause to be communicated invitations or inducements to engage in
investment activity (within the meaning of Section 21 of the
Financial Services and Markets Act 2000), received by it in
connection with the Bonds, in circumstances in which Section 21(1)
of the Financial Services and Markets Act 2000 does not apply to
the issuer; and
(ii) it has complied and
will comply with all applicable provisions of the Financial
Services and Market Act 2000 with respect to anything that it has
done or will do in relation to the Bonds in the United Kingdom,
from the United Kingdom or otherwise involving the United
Kingdom.
United States of America
This press release may not be published,
distributed or transmitted in the United States of America
(including its territories and dependencies, any State of the
United States of America and the district of Columbia). This press
release does not constitute or form a part of any offer or
solicitation to purchase for securities in the United States of
America. The securities mentioned herein have not been, and will
not be, registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), the law of any
state of the United States of America and may not be offered or
sold in the United States of America to U.S. persons, or for the
account or benefit of U.S. persons, except pursuant to an exemption
from, or a transaction not subject to, the registration
requirements of the Securities Act or the law of the above states.
The Bonds will be offered or sold only outside of the United States
of America and to people who are not some "U.S. persons" and in
offshore transactions, in accordance with Regulation S of the
Securities Act. Ingenico Group does not intend to register any
portion of the proposed offering in the United States of America
and no public offering will be made in the United States of
America.
Canada, Australia and
Japan
The Bonds may not and will not be offered, sold or
purchased in Canada, Australia or Japan.
The distribution of this press release in certain countries may
constitute a breach of applicable law. The information contained in
this press release does not constitute an offer of securities for
sale in Canada, Australia or Japan.
PDF VERSION
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: INGENICO via Globenewswire
HUG#1930679