Genfit: Shares soar on convertible bonds buyback

Genfit SA

26/01/2021 08:54

** Shares in Genfit  GNFT.PA  jump 7.5% after the drug
developer's shareholders and bondholders approve its convertible
bonds (OCEANEs) buyback 
    ** "EUR 85.7 million convertible debt will be cancelled by
spending only EUR 47.48 million following buyback settlement
operations to take place this week", the company said
 urn:newsml:reuters.com:*:nGNE9Xbhqr
    ** The group also extended the maturity of its remaining
OCEANEs to end 2025, allowing Genfit to implement its new
corporate strategy
    ** Among the 8 analysts that cover Genfit, the breakdown of
recommendations is four "strong buy" or "buy," and four "hold"

 (Charles.regnier@thomsonreuters.com)