Nexity raises conversion ratio for Oceane bonds issued in June 2014

By Wendy Van Sickle

Columbus, Ohio, May 29 – Nexity has increased the conversion ratio for its Oceane bonds issued on June 19, 2014 to 1.053 shares per Oceane from 1 share previously, according to a company news release.

The new share allocation ratio was effective Tuesday.

The adjustment follows a May 19 combined shareholders meeting during which it was decided to make a distribution of €2 per share from the contribution premium account, the notice states.

Nexity is a Paris-based real estate development company.

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