Quantel holders vote to adopt amendments for Oceanes due 2015

By Jennifer Chiou

New York, Dec. 11 - Quantel Group announced that holders of its bonds due Jan. 2, 2015 in the Oceane structure approved changing the interest rate to 6% from 4.875%, with effect from March 1, 2013.

Holders also gave the go-ahead to a conversion or exchange option of 26 Quantel shares for each five Oceanes from Dec. 1, 2014 until the seventh day preceding a redemption date.

Voting holders accounted for 47% of the bonds and unanimously adopted the changes.

Based in Les Ulis, France, the issuer designs, manufactures and markets advanced flash-lamp pumped lasers, diode-pumped solid-state lasers, semiconductor laser modules, intense pulsed light instruments and ultra-sound diagnostic products.

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