Maurel & Prom: Implementation of the early redemption of 2019 ORNANE and 2021 ORNANE
29 Décembre 2017 - 07:00AM
Paris, le 29
December 2017
N°24-17
Implementation of
the early redemption
of 2019 ORNANE and 2021 ORNANE
-
Early redemption, effective 12
February 2018, of all outstanding bonds convertible into new shares
and/or exchangeable for existing shares with a maturity date on
July 1, 2019 (ISIN FR0011973577, the "2019 ORNANE") and of bonds
convertible into new shares and/or exchangeable for existing shares
with maturity date on July 1, 2021 (ISIN FR0012738144, the "2021
ORNANE")
The Maurel &
Prom Group (Euronext Paris: MAU, ISIN FR0000051070) ("Maurel
& Prom") announces the implementation of the early redemption,
effective 12 February 2018, of all outstanding 2019 ORNANE and 2021
ORNANE, for which the conversion right has not been exercised, in
accordance with their terms and conditions.
Following the repurchase of 2019
ORNANE and 2021 ORNANE held by PT Pertamina Internasional
Eksplorasi dan Produksi, announced on 21 December 2017, and their
cancellation, the number of outstanding 2019 ORNANE and 2021 ORNANE
being respectively less than 10% and 15% of the 2019 ORNANE and the
2021 ORNANE initially issued, Maurel & Prom decided, in
accordance with the terms and conditions of the 2019 ORNANE and the
2021 ORNANE, to opt for their early redemption. Maurel & Prom
informs the holders of 2019 ORNANE and 2021 ORNANE that it has
opted for payment in cash to those holders who would exercise their
conversion right within the time limit provided for by the 2019
ORNANE and 2021 ORNANE terms and conditions.
The 2019 ORNANE and the 2021
ORNANE for which the conversion right has not been exercised will
be redeemed in cash on 12 February 2018, at par plus accrued
interest since the most recent interest payment date (i.e. €17.2923
per 2019 ORNANE and €11.0549 per 2021 ORNANE) and will then be
cancelled in accordance with their terms and conditions.
For more information, visit
www.maureletprom.fr
Contacts
MAUREL &
PROM
Press, shareholder and investor relations
Tel: +33 (0)1 53 83 16
45
ir@maureletprom.fr
NewCap
Financial communications and investor
relations
Julie Coulot/Louis-Victor Delouvrier
Tel: +33 (0)1 44 71 98
53
maureletprom@newcap.eu
Media
relations
Nicolas Merigeau
Tel: +33 (0)1 44 71 94 98
maureletprom@newcap.eu
This document may
contain forward-looking statements regarding the financial
position, results, business and industrial strategy of Maurel &
Prom. By nature, forward-looking statements contain risks and
uncertainties to the extent that they are based on events or
circumstances that may or may not happen in the future. These
projections are based on assumptions we believe to be reasonable,
but which may prove to be incorrect and which depend on a number of
risk factors, such as fluctuations in crude oil prices, changes in
exchange rates, uncertainties related to the valuation of our oil
reserves, actual rates of oil production and the related costs,
operational problems, political stability, legislative or
regulatory reforms, or even wars, terrorism and sabotage.
Maurel & Prom is listed for
trading on Euronext Paris
CAC All-Share - CAC Oil & Gas - Next 150 - PEA-PME and SRD
eligible
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
pr_m&p_ornane
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Maurel & Prom via Globenewswire
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