By Jennifer Chiou
New York, Dec. 30 - Oxymetal Group announced the issue of €1,757,021.50 of convertibles in the Oceane structure.
The Bordeaux, France, laser cutting company sold the 270,311 of 6% Oceans at €6.50 apiece.
Of the total amount, holders subscribed to 249,089 Oceanes that cannot be reduced while 21,222 of the Oceanes have a reducible title.
The securities are exchangeable into Oxymetal stock.
If they are not converted, they will be reimbursed on Dec. 29, 2014 at €8.10 each, for an actual yield of 10.03%.
Settlement was to occur on Dec. 29.
Proceeds are earmarked for the development of the company's solar photovoltaique.
| Issuer: | Oxymetal Group
|
| Issue: | Obligations a options de conversion et/ou d'echange (Oceanes)
|
| Amount: | €1,757,021.50
|
| Oceanes: | 270,311 (including 249,089 that are not reducible and 21,222 with reducible title)
|
| Maturity: | Dec. 29, 2014
|
| Price: | Par of €6.50
|
| Yield: | 10.03%
|
| Announcement date: | Dec. 28
|
| Settlement date: | Dec. 29
|
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