Press releases
Following the simplified public offer, the Concert holds a 62.7% stake in FUTUREN's capital (2016/08/16 07:00 AM) As at the close of the simplified public offer launched on FUTUREN shares and convertible bonds, the offeror, BG Select Investments (Ireland) Limited, holds 82,426,006 FUTUREN shares, representing 36.98% of the share capital and 35.85% of the theoretical voting rights, as well as 5,789,525 convertible bonds, representing 93.36% of the outstanding convertible bonds. In total, the Concert consisting of BG Select Investments (Ireland) Limited, other funds managed by Boussard & Gavaudan (1), Mr. Pierre Salik, Mr. Michel Meeus and Mrs. Brigitte Salik, holds 139,775,132 FUTUREN shares, representing 62.71% of the share capital and 63.75% of the theoretical voting rights, as well as 5,844,425 convertible bonds, representing 94.24% of the outstanding convertible bonds. This enabled the Concert to strengthen its position as major shareholder of FUTUREN. Moreover, in order to avoid that the mandatory redemption of the convertible bonds carries weight on the financial resources of the Company, the Boussard & Gavaudan group makes available to FUTUREN a 16.5 million euro short-term financing line, that FUTUREN may use depending on short-term financing needs for its development.
About FUTUREN
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