Brief: Atari Launches Offer Of Bonds Convertible Into New Ordinary Shares Due 2026

Atari SA

25/05/2023 06:55

May 25 (Reuters) - Atari SA  ALATA.PA :
    * ATARI LAUNCHES AN OFFER OF BONDS CONVERTIBLE INTO NEW
ORDINARY
SHARES OF ATARI DUE 2026 WITH A COUPON OF 6.50% FOR A NOMINAL
AMOUNT OF APPROXIMATELY 30 MILLION EUROS
    * SUBSCRIPTION PRICE PER CONVERTIBLE BOND SET AT EUR 0.15
    * PRIORITY PERIOD AND SUBSCRIPTION PERIOD FOR THE PUBLIC
OFFER:
FROM MAY 25 TO 30, 2023 (INCLUDED) AT 5:00 P.M. (PARIS TIME)
    * END-MARCH GROUP'S TURNOVER IS EXPECTED TO BE APPROXIMATELY
€10
MILLION, A DECREASE OF APPROXIMATELY 30% COMPARED TO THE
PREVIOUS YEAR
    * UNLESS THEY HAVE BEEN PREVIOUSLY CONVERTED, REDEEMED, OR
REDEEMED AND CANCELLED, CONVERTIBLE BONDS WILL BE REDEEMED AT
PAIR ON JULY 31, 2026
    * ADMISSION TO TRADING OF THE CONVERTIBLE BONDS ON EURONEXT
GROWTH
WILL BE REQUESTED NO LATER THAN JULY 5, 2023.

Source text for Eikon:  ID:nGNEcgRGsN 
Further company coverage:  ALATA.PA 

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