Schneider Electric: early redemption of OCEANE 2026 bonds
(CercleFinance.com) - Schneider Electric has announced that it will redeem, in advance, all of its long-term bonds convertible into and/or exchangeable for new and/or existing shares (OCEANE) originally due on 15 June 2026.
Out of the 3,683,972 OCEANE 2026 issued in 2020, 3,680,345 have already been converted or redeemed. The remaining 3,627 will be redeemed on 13 December at their nominal value of E176.44 per security.
Holders of OCEANE 2026 bonds may request the exercise of their conversion right until the seventh trading day preceding the early redemption date, i.e. until 4 December (excluded).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Out of the 3,683,972 OCEANE 2026 issued in 2020, 3,680,345 have already been converted or redeemed. The remaining 3,627 will be redeemed on 13 December at their nominal value of E176.44 per security.
Holders of OCEANE 2026 bonds may request the exercise of their conversion right until the seventh trading day preceding the early redemption date, i.e. until 4 December (excluded).
Copyright (c) 2024 CercleFinance.com. All rights reserved.