Brief: Finatis: Euris Informes Finatis Of EUR 15 Million Structured Financing Arrangement

Finatis SA

12/07/2019 17:37

July 12 (Reuters) - FINATIS SA  LINP.PA :
    * EURIS HAS INFORMED FINATIS OF A 15 MILLION EUROS
STRUCTURED
FINANCING ARRANGEMENT (NET OF CASH COLLATERAL) CONTRACTED WITH A
FINANCIAL INSTITUTION
    * STRUCTURED FINANCING ARRANGEMENT IN FORM OF PREPAID
FORWARDS AND
EQUITY SWAPS
    * STRUCTURED FINANCING ARRANGEMENT SECURED BY PLEDGES OVER
487,500
FINATIS SHARES, I.E. 8.6% OF SHARE CAPITAL
    * RELEVANT FINANCIAL INSTITUTION WOULD HAVE OPTION TO
TERMINATE
ARRANGEMENT AND EXERCISE RELEVANT SHARE PLEDGES
    * IN THIS EVENT OF PLEDGES EXERCISE, EURIS' STAKE IN FINATIS
WOULD
AMOUNT TO 83.8% OF SHARE CAPITAL AND VOTING RIGHTS
    * AS OF DATE HEREOF, FINANCIAL INSTITUTION HAS NOT EXERCISED
ITS
PLEDGE AND THERE IS NO ONGOING LEGAL PROCEEDING
    * FINATIS HAS NOT ENTERED INTO ANY STRUCTURED FINANCING
ARRANGEMENT
    * HOLDS 90.5% OF SHARE CAPITAL AND VOTING RIGHTS OF FONCIÈRE
EURIS
DIRECTLY AND THROUGH ITS SUBSIDIARY CARPINIENNE DE
PARTICIPATIONS

Source text for Eikon:  ID:nGNEc7rh5k 
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