Veolia Successfully Repurchased €364M of OCEANE Due January 2025 via a Reverse Bookbuilding
05 Août 2024 - 10:25AM
Business Wire
Regulatory News:
NOT FOR PUBLICATION, DISTRIBUTION OR
RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR
TO U.S. PERSONS, OR IN AUSTRALIA, CANADA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH OFFERS OR SALES OF THE SECURITIES WOULD BE
PROHIBITED BY APPLICABLE LAW
Veolia Environnement (Paris:VIE) has successfully repurchased
today a part of its bonds convertible into and/or exchangeable for
new and/or existing shares due January 1st, 2025 (ISIN:
FR0013444148) (the “2025 OCEANE”).
Issued in September 2019, the bonds contained a conversion
option at a 35% premium compared to Veolia’s share price at that
time (€22.52). Since, the exercise price of the option has been
exceeded several times, due to the share’s outstanding performance.
Veolia has therefore decided to proceed with the repurchase
transaction in order to ensure the interests of its
shareholders.
“This transaction reflects our confidence in Veolia's share
price growth potential and value creation model, at the heart of
our GreenUp strategic program, following the announcement of
historic half-year results for the Group” declared Estelle
Brachlianoff, Chief Executive Officer of Veolia. "Carried out in a
spirit of anticipation, this bonds repurchase demonstrates our
commitment to our shareholders, essential partners in our mission
of ecological transformation."
Conditions of the transaction
As at the close of the reverse bookbuilding process carried out
by financial institutions, Veolia has decided to accept the
repurchase of 11,971,503 2025 OCEANE in an aggregate principal
amount of € 364,503,406.18, representing approximately 52% of the
aggregate number of the 2025 OCEANE initially issued.
Repurchase Price
The repurchase price per 2025 OCEANE was set at €31.44 based on
the VWAP of Veolia share on the regulated market of Euronext in
Paris between opening and close of trading on August 2, 2024 being
€28.3545.
The settlement of the repurchase is expected to take place on
August 9, 2024. The 2025 OCEANE accepted in the repurchase will be
canceled thereafter in accordance with their terms and
conditions.
This press release does not constitute of form part of any offer
or solicitation to purchase or subscribe for or to sell
securities.
ABOUT VEOLIA
Veolia group aims to become the benchmark company for ecological
transformation. Present on five continents with nearly 218,000
employees, the Group designs and deploys useful, practical
solutions for the management of water, waste and energy that are
contributing to a radical turnaround of the current situation.
Through its three complementary activities, Veolia helps to develop
access to resources, to preserve available resources and to renew
them. In 2023, the Veolia group provided 113 million inhabitants
with drinking water and 103 million with sanitation, produced 42
million megawatt hours of energy and treated 63 million tonnes of
waste. Veolia Environnement (Paris Euronext: VIE) achieved
consolidated revenue of 45,351 million euros in 2023.
www.veolia.com
Disclaimer – Important information
The repurchase is addressed solely to qualified investors,
excluding the United States of America and U.S. Persons, Australia,
Canada and Japan and any other jurisdiction where the repurchase
would be prohibited by applicable law.
No communication and no information in respect of the repurchase
of the 2025 OCEANE may be distributed to the public in any
jurisdiction where a registration or approval is required.
This press release does not constitute an invitation to
participate in the repurchase or an offer to purchase the 2025
OCEANE in or from any jurisdiction in or from which, or to or from
any person to or from whom, it is unlawful to make such repurchase
or offer under applicable securities laws. The release, publication
or distribution of this press release in certain jurisdictions may
be restricted by law. Consequently, any persons in such
jurisdiction in which this press release is released, published or
distributed are required by each of Veolia and the financial
intermediaries to inform themselves about, and to observe, any such
restrictions.
None of Veolia and the financial intermediaries makes any
recommendation as to whether or not the holders of the 2025 OCEANE
should participate in the repurchase.
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GROUP PRESS RELATIONS Laurent Obadia – Evgeniya
Mazalova Anna Beaubatie – Aurélien Sarrosquy Tel.+ 33
(0)1 85 57 86 25 presse.groupe@veolia.com
INVESTORS & ANALYST RELATIONS Selma Bekhechi –
Ariane de Lamaze Tel. + 33 (0)1 85 57 84 76 / 84 80
investor-relations@veolia.com
Veolia Environnement (EU:VIE)
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Veolia Environnement (EU:VIE)
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De Oct 2023 à Oct 2024