On November 18, 2013, THEOLIA and Credit Suisse signed an amendment to the equity swap contract relating to the OCEANEs. This contract, executed on June 6, 2012 and amended on October 28, 2012 and December 4, 2012, provided for an unwinding as from late October 2013, according to conditions already communicated by the Company in its press release dated June 7, 2012.
Credit Suisse currently holds a number of OCEANEs as its hedge position to the equity swap contract. In order to enable the orderly unwinding of this position, THEOLIA and Credit Suisse have agreed upon:
- postponing the unwinding period, for it to begin on November 21, 2013; and
- changing the unwinding conditions for Credit Suisse to unwind its positions by selling the OCEANEs off-market until mid-December and by selling to THEOLIA, thereafter, any remaining OCEANEs which have not been sold prior to that date.
THEOLIA is an independent producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 1,224 MW for its own account and for third parties.
Communications & Investor Relations
|Tel: +33 (0)4 42 906 596
French Société anonyme (public limited company with Board of Directors) with a share capital of ¤90,852,262.20
Registered office: 75 rue Denis Papin - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France
Tel: +33 (0)4 42 904 904 - Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment C of NYSE Euronext Paris, code: TEO
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http://www.actusnews.com/documents_communiques/ACTUS-0-34142-pr-amendment-swap.pdf © Copyright Actusnews Wire
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|FUTUREN||Euronext Paris||0.84 (c)||1.20%||135 402|