According to the effective terms of its convertible bonds (1), FUTUREN carried out, on January 2nd, 2017, the partial redemption of its convertible bonds in an amount of €1.702 per bond and the payment of the corresponding half-year interests.
As from January 2nd, 2017, the new terms of the convertible bonds are as follows:
- New par value: €10.062
- New conversion ratio: 1 bond for 7.266 FUTUREN shares
- New coupon: 3.613% per year
As at December 31st, 2016, 6,084,905 convertible bonds were outstanding. Following the partial redemption, the maximum redemption amount associated with these bonds amounts to only 38.5 million euros.
- For further information on the terms of the convertible bonds, please refer to the securities note number 14-591 dated November 7, 2014, available on the Company's website.
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 732 MW for its own account and for third parties.
|Tel: +33 (0)4 42 906 596
French Société anonyme (public limited company with Board of Directors) with a share capital of €22,415,323.70
Registered office: 6 rue Christophe Colomb - 75008 Paris - France
Administrative address: Europarc de Pichaury - Bât. B9 - 1330, avenue JRGG de la Lauzière - 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.