Redemption at par of the OCEANE bonds, without non-conversion premium
Staggered repayment of €2.35 million until September 2024
Irrevocable suspension of the right to convert OCEANEs and end of the potential dilution linked to these bonds
VEOM Group (Euronext Growth – FR0013530102 – ALVG)
a leading European group in the world of
smart home
(smart home), announces that it has entered into an agreement for the early redemption of bonds convertible into new or existing shares (hereinafter the “OCEANEs”), maturing in September 2024.
As part of the financing of the acquisition of the Chacon group, VEOM Group issued, during the 2018 and 2019 financial years, an amount of €2.7 million in OCEANE bonds to the sellers of the Chacon group. . As of December 31, 2022, the nominal amount of OCEANEs remaining in circulation was €2.35 million.
Under the agreement entered into with the bondholders, VEOM Group will proceed with the early redemption of the OCEANEs, at par, according to a schedule set until September 2024. originally planned conversion.
The right to convert OCEANEs is irrevocably suspended, with no possibility for holders to request their conversion until full redemption of the OCEANEs, and henceforth preventing any additional dilution linked to these bonds.
Financial diary 2022
Publication | Date |
|---|---|
2022 annual results |
Wednesday, April 19, 2023 |
Turnover of 1 |
Tuesday, May 9, 2023 |
Turnover of 2 |
Wednesday, July 26, 2023 |
2023 half-year results |
Monday, September 25, 2023 |
Turnover of 3 |
Monday, October 30, 2023 |
2023 annual turnover |
Monday, February 5, 2024 |
2023 annual results |
Monday, April 22, 2024 |
These dates are given as an indication, they are likely to be modified if necessary. The publications will take place after the closing of the Euronext markets.
About VEOM Group
VEOM Group is a leading European group in the world of
smart home
(Smart home)
The group is present in the most dynamic segments of the
smart home
: luxury high-fidelity audio, under the Cabasse brand, home automation and home comfort solutions, under the Dio brand, and video-security equipment and electrical accessories under the Chacon brand.
The group presents a strong complementarity of its brands, technological synergies based on its software platform
Smart Home Business Platform
and a combination of product, industrial, design and commercial know-how, with the ambition of democratizing the smart home among households.
VEOM Group benefits from an established global organization, with a presence in France (Montpellier and Brest), Belgium (Brussels), the United States (Menlo Park) and an industrial subsidiary in Singapore.
VEOM Group has been recognized on several occasions among the hyper-growth French Tech companies.
Label: VEOM Group
ISIN Code: FR0013530102
Mnemonic code: ALVG
Number of shares making up the share capital: 2,577,033
More information at VEOMgroup.com
contacts
Cabasse Group | NEWS – Investor Relations | NEWS – Press relations |
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Full and original press release in PDF format:
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