03.08.2016 18:28:00
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SoLocal Group: Additional Information Illustrating the Financial Restructuring Plan
Regulatory News:
SoLocal Group (Paris:LOCAL) is providing some additional information illustrating the financial restructuring plan:
Rights Issue |
Debt Conversion into |
Reserved Capital |
Reinstated Debt & MCBs |
Shareholders Warrants | Creditors Warrants | |||||||||||||||||||
Participation |
Amount of |
Issue Price |
Amount |
Issue Price |
Amount |
Issue Price |
Reinstated |
MCBs |
# of |
Strike Price |
# of |
Strike Price | ||||||||||||
- | - | € 1.00 | 400 | € 1.00 | 164 | € 2.14 | 400 | 200 | 39 | € 1.50 | 45 | € 2.00 | ||||||||||||
75% | 300 | € 1.00 | 100 | € 1.00 | 384 | € 4.73 | 400 | - | 39 | € 1.50 | 155 | € 2.00 | ||||||||||||
100% | 400 | € 1.00 | - | € 1.00 | 384 | € 4.73 | 400 | - | 39 | € 1.50 | 155 | € 2.00 |
Amount of |
Existing # of |
# of Shares (m) created through: |
# of Shares (m) |
# of Shares (m) created through: |
# of Shares (m) |
|||||||||||||
Rights Issue |
Debt |
Reserved |
MCB |
Shareholders |
Exercise of |
|||||||||||||
- | 39 | - | 400 | 77 | 516 | 100 | 39 | 45 | 699 | |||||||||
300 | 39 | 300 | 100 | 81 | 520 | - | 39 | 155 | 713 | |||||||||
400 | 39 | 400 | - | 81 | 520 | - | 39 | 155 | 713 |
About SoLocal Group
SoLocal Group, European leader in local
online communication, reveals local know-how, and boosts local revenues
of businesses. The Internet activities of the Group are structured
around two business lines: Local Search and Digital Marketing. With
Local Search, the Group offers digital services and solutions to clients
which enable them to enhance their visibility and develop their local
contacts. Thanks to its expertise, SoLocal Group earned the trust of
some 530,000 clients of those services and over 2.2 billions of visits
via its 4 flagship brands (PagesJaunes, Mappy, Ooreka and A Vendre A
Louer) but also through its partnerships. With Digital Marketing,
SoLocal Group creates and provides Internet users with the best local
and customised content about professionals. With over 4,400 employees,
including a salesforce of 1,900 local communication advisors specialised
in five verticals (Home, Services, Retail, Health & Public, BtoB) and
Internationally (France, Spain, Austria, United Kingdom), the Group
generated in 2015 revenues of 873 millions euros, of which 73% on
Internet and ranks amongst the first European players in terms of
Internet advertising revenues. SoLocal Group is listed on Euronext Paris
(LOCAL). More information may be obtained at www.solocalgroup.com.
All financial data and indicators are published in details within the
report of Consolidated financial information as of 30 June 2016 which is
available on the corporate website, www.solocalgroup.com
(finance area).
This press release contains forward-looking
statements. Any forward-looking statement does not constitute forecasts
as defined in European regulation (EC) 809/2004. Although SoLocal Group
feels that its estimates are based upon assumptions which we believe to
be reasonable, these forward-looking statements are subject to numerous
risks and uncertainties, which could cause actual results to differ
materially from those anticipated in said forward-looking statements.
For a discussion of risks and uncertainties which could cause actual
results, financial condition, performance or achievements of SoLocal
Group to differ from those contained in the forward-looking, please
refer to the "Risk factors" section of the "Document de Référence" filed
with the French financial markets authority (AMF) and available on the
Internet sites of the AMF (www.amf-france.org)
and of SoLocal Group (www.solocalgroup.com).
Accounting data represented on an annual basis in audited consolidated
form and on an quarterly basis in unaudited consolidated form.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160803006255/en/
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