Corporate News
CORPORATE NEWS THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS EDUNIVERSAL S.A. LAUNCHES UP TO EUR 200,000 TAP ISSUE OF MANDATORY CONVERTIBLE NOTES Courbevoie, 15 November, 2016 – The Board of Directors of Eduniversal S.A. (the “Company”) resolved to carry out a tap issue of the Company’s 2%, mandatory convertible notes convertible into new ordinary shares having a par value of EUR 0.25 (the “Ordinary Shares”) of the Company (“Mandatory Convertible Notes”) by issuing additional Mandatory Convertible Notes for a total consideration of up to EUR 200,000 (the “Further Notes”). The Further Notes will be issued, with nominal value of EUR 100,000 per note, at an offer price to be determined by a bookbuilding process. Subscription rights of existing shareholders were excluded. La Financiere d’Uzes will offer the Notes to institutional investors by means of a private placement outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended, (the “Securities Act”) and in the United States only to persons reasonably believed to be qualified institutional buyers (“QIBS”) within the meaning of and in reliance on Rule 144A under the Securities Act in compliance with any applicable securities laws. The Board of Directors will specify the number of Notes to be placed by separate resolution. The offer price is expected to be determined today with settlement on or around 17 November 2016 with a nominal value of EUR 100,000 each, against cash contributions.
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