Atos holders elect to convert 99.3% of 1.5% Oceanes; rest redeemed

By Marisa Wong

Madison, Wis., Dec. 19 - Atos SE said that holders elected to convert 5,342,131, or 99.3%, of its 1.5% convertible bonds issued in the Oceane structure due July 1, 2016.

The bonds were converted at 1.02 Atos shares per bond for a total of 5,448,970 shares, according to a press release.

The remaining 40,000 bonds that were not converted were redeemed for a total cash amount of €1,884,801.

The company announced on Nov. 15 that it planned to redeem all of its 1.5% bonds on Dec. 18.

Holders had the option until Dec. 9 of converting their bonds or to receive a cash amount equal to €47.12003 per bond. The redemption price consisted of €46.45 principal amount plus accrued interest of €0.67003.

Atos is an information technology services company based in Paris.

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