Archer updates exchange price for cash-settled bonds due 2023

Chicago, Jan. 17 – Archer Obligations updated the exchange price of its €375 million non-dilutive cash-settled bonds due 2023 exchangeable into Kering shares issued by Archer Obligations and guaranteed by Artemis (ISIN: FR0013284130).

The new exchange price is €399.9463 with an updated exchange ratio of 250.0336.

The dividend threshold for the remainder of the final relevant period is zero.

The adjustment is the result of a cash dividend of €4.50 per share.

The effective date is Jan. 16.

Archer is a 98.38%-owned subsidiary of Artemis.

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