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Safran announces the adjustment of the conversion ratio of its bonds convertible into and/or exchangeable for new and/or existing shares of Safran due 15 May 2027
Finance
Paris, 28 May 2024
Safran announces the adjustment of the conversion ratio of its bonds convertible into and/or exchangeable for new and/or existing shares of Safran due 15 May 2027 (ISIN FR0013513041) (the “2027 OCEANEs” and each a “2027 OCEANE”).
On 23 May 2024, Safran shareholders’ meeting approved the distribution of a dividend of €2.20 per share, the ex-date of which is 28 May 2024 and the record date of which is 29 May 2024.
Consequently, in accordance with the terms and conditions of the 2027 OCEANEs, Aether Financial Services, acting as calculation agent of the 2027 OCEANEs, has calculated that the conversion ratio of the 2027 OCEANEs, previously set at 1.019 Safran shares for 1 2027 OCEANE, is adjusted to 1.029 Safran shares for 1 2027 OCEANE.
This new conversion ratio will be effective as of 30 May 2024.
9,239,581 2027 OCEANEs were issued. As at 28 May 2024, the conversion rights attached to 729,306 2027 OCEANEs have been exercised; consequently 8,510,275 2027 OCEANEs remain outstanding.
IMPORTANT NOTICE
This notice and the information it contains do not constitute an offer to sell or a solicitation of a purchase offer of Safran securities, in or from any jurisdiction, to or from any person.
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Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 92 000 employees and sales of 23.2 billion euros in 2023, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap.
Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices
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