LNA SANTE (EPA:LNA) - LE NOBLE AGE GROUPE: PROPOSED REPURCHASE OF OUTSTANDING 2016 ORNANEs VIA A REVERSE BOOKBUILDING PROCESS

Transparency directive : regulatory news

21/09/2015 08:00

This press release may not be published, forwarded or distributed, directly
or indirectly, in the United States, Canada, Australia or Japan.

This press release does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States or any
other jurisdiction. Securities may not be offered or sold in the United States
unless they are registered under the U.S. Securities Act of 1933, as amended
(the "U.S. Securities Act") or exempt from registration. The securities of
Le Noble Age Groupe mentioned herein have not been and are not being registered
under the U.S. Securities Act and Le Noble Age Groupe does not intend to make a
public offer of its securities in the United States.

PRESS RELEASE

Paris, September 21, 2015

PROPOSED REPURCHASE OF OUTSTANDING 2016 ORNANEs VIA A REVERSE BOOKBUILDING
                                   PROCESS
                          (ISIN CODE : FR0011005446)

LE NOBLE AGE (the "Company") announced today its intention to repurchase all or
a part of its net share settled bonds convertible into new shares and/or
exchangeable for existing shares due January 3, 2016 (the "2016 ORNANEs").

LE NOBLE AGE will conduct, via Oddo & Cie, sole dealer manager, a reverse
bookbuilding process to collect indications of interest from holders to sell
their 2016 ORNANEs, outside of the United Stated of America (the "Repurchase
Proposal"). The decision to proceed with the repurchase of the 2016 ORNANEs
tendered will depend on the indications received.

The Repurchase Proposal starts today and should last until market close on
September 22, 2015, but may be closed in advance without prior notice. The
settlement and delivery of the repurchased 2016 ORNANEs, pursuant to the
Repurchase Proposal, is expected to take place on September 25, 2015.

Depending on the results of the Repurchase Proposal, the Company may launch a
repurchase offer (procédure de désintéressement) in France during 5 trading
days to enable the holders to sell their 2016 ORNANEs at the same price as the
one set out in the Repurchase Proposal. The Company will publish a press release
announcing whether this repurchase offer is launched at the close of the
Repurchase Proposal.

The unit repurchase price of the 2016 ORNANEs, pursuant to the Repurchase
Proposal and, if applicable, the repurchase offer, will be set after the
Repurchase Proposal is closed.

The 2016 ORNANEs repurchased pursuant to the repurchase offer, as well as the
Repurchase Proposal, will thereafter be cancelled in accordance with their terms
and conditions and according to law.

The Company reserves the right to repurchase 2016 ORNANEs on or off the market
after the close of the repurchase offer and the Repurchase Proposal.

The Company also reserves the right to ask for early redemption of the 2016
ORNANEs in accordance with their terms and conditions, after the close of the
Repurchase Proposal and the repurchase offer.

To date, the number of outstanding 2016 ORNANEs is 1.258.978.

Disclaimer

No communication and no information in respect of the repurchase of 2016 ORNANE
may be distributed to the public in any jurisdiction where a registration or
approval is required. No steps have been or will be taken outside of France in
any jurisdiction where such steps would be required.

The Repurchase Proposal is not being made, directly or indirectly, to the public
in France. Only (i) persons providing portfolio management investment services
for third parties and / or (ii) qualified investors other than individuals,
acting on their behalf,  all as defined in Articles L.411- 1 L. 411-2 and D.
411-1 of the Monetary and financial Code are eligible to participate in the
Repurchase Proposal. No document relating to the Repurchase Proposal and the
repurchase offer (procédure de désintéressement) has been or will be approved
by the AMF.

This press release does not constitute an invitation to participate in the
repurchase of the 2016 ORNANE in any country in which, or to any person to
whom, it is forbidden to make such an invitation in accordance with applicable
laws and regulations. In particular, the 2016 ORNANE repurchase is not offered
and will not be offered,  directly or indirectly to the United States of
America in any form or mean whatsoever. Persons in possession of this press
release are summoned to inform themselves and to conform with all legal and
regulatory restrictions.

EUI-1200218697v3

LNA SANTE's latest news

27/03/2024 18:06

LNA SANTE (EPA:LNA) - LE NOBLE AGE GROUPE: PROPOSED REPURCHASE OF OUTSTANDING 2016 ORNANEs VIA A REVERSE BOOKBUILDING PROCESS

Transparency directive : regulatory news

LNA SANTE's latest news

Other stories