Following the change in control over FUTUREN, some bondholders request the early redemption of their bonds

Following the change in control over FUTUREN, some bondholders request the early redemption of their bonds

The constitution of a Concert between various funds managed by Boussard & Gavaudan (1), Mr. Pierre Salik, Mr. Michel Meeus and Mrs. Brigitte Salik led to a change in control (2) over FUTUREN on June 3, 2016.

As a consequence, bondholders had the possibility to request the early redemption of all or some of their bonds (2) between July 13, 2016 and July 27, 2016.

In this context, the holders of 2,019,737 convertible bonds requested the early redemption of their bonds.

Therefore today, FUTUREN redeemed these 2,019,737 bond at a unit price of 8.024 euros, ie a total of 16.2 million euros, and canceled the corresponding bonds.

This led to the decrease in FUTUREN's debt by 16.2 million euros.

About FUTUREN

FUTUREN is an independent producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 714 MW for its own account and for third parties.

 

CONTACT

Elodie Fiorini

Communications & Investor Relations
Tel: +33 (0)4 42 906 596

e.fiorini@futuren-group.com

French Société anonyme (public limited company with Board of Directors) with a share capital of €22,290,336.60

Registered office: 6 rue Christophe Colomb - 75008 Paris - France

Administrative address: 75 rue Denis Papin - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France

Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.futuren-group.com

The stock is listed on the compartment C of Euronext Paris, symbol: FTRN.

Source: Actusnews