Sopra Steria: Conversion of CS Convertible Bonds
29 Juin 2017 - 7:52PM
Business Wire
Regulatory News:
Sopra Steria (Paris:SOP) (Euronext Paris: SOP), a European
leader in digital transformation, today announced plans to
convert the convertible bonds it holds in CS (Euronext Paris: SX)
into shares.
As previously announced in its press release of 10 March 2017,
CS is considering a targeted external growth strategy focusing on
its core business.
In view of this, Sopra Steria Group declared its intent to
convert the CS convertible bonds it holds into shares, thereby
giving it access to 11.39%1 of the share capital, and has stated
that it would consider backing the company in the event of an
equity increase related to its growth plans.
In this context, Duna & Cie and Sopra Steria, which do not
plan to act in concert, will replace the current agreement on
convertible bonds with a reciprocal preemptive right, which may
only be exercised from 1 January 2018, with the option for each
party to request an initial offer from the other party for its
stake in CS.
These changes confirm the existing industrial and commercial
partnership between CS and Sopra Steria.
About Sopra Steria
Sopra Steria, a European leader in digital transformation,
provides one of the most comprehensive portfolios of offerings on
the market, spanning consulting, systems integration,
industry-specific software development, infrastructure management
and business process services. It provides end-to-end solutions to
address the core business needs of large companies and
organisations, helping them remain competitive and grow. Combining
added value with innovative high-performance services, Sopra Steria
excels in guiding its clients through their transformation projects
to help them make the most of digital technology. With over 40,000
employees in more than 20 countries, Sopra Steria generated revenue
of €3.7 billion in 2016.
Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) –
ISIN: FR0000050809
For more information, please visit our website:
www.soprasteria.com
1 On the basis of a share capital of 17,346,547 shares on 1 June
2017
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version on businesswire.com: http://www.businesswire.com/news/home/20170629006111/en/
Sopra SteriaInvestor relations:Olivier Psaume, +33 (0)1
40 67 68 16olivier.psaume@soprasteria.com
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