• Nexity: EARLY REDEMPTION BY NEXITY OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (OCEANE) DUE MAY 2023 ISSUED IN MAY 2016 (THE “2023 OCEANES”)

    ソース: Nasdaq GlobeNewswire / 30 4 2021 02:00:00   America/New_York

    EARLY REDEMPTION BY NEXITY OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (OCEANE) DUE MAY 2023 ISSUED IN MAY 2016 (THE “2023 OCEANES”)

    Paris, April 30th, 2021

    Nexity (the "Company" or "Nexity") announces to the holders of 2023 OCEANES (ISIN: FR0013170925) that following the offer dated April 13th, 2021 to repurchase the 2023 OCEANES, the total number of outstanding 2023 OCEANES is, as of today, less than 15% of the number of 2023 OCEANES initially issued.

    Consequently, the Company informs the holders of outstanding 2023 OCEANES that it will proceed with the early redemption of such 2023 OCEANES in accordance with the terms provided for under the 2023 OCEANES Terms and Conditions (the "Terms and Conditions") in section 1.8.1.3 2. for the purposes of their cancelation in accordance with applicable law.

    The date of early redemption of the 2023 OCEANES has been set on May 31st, 2021 (the "Early Redemption Date"), at a price of EUR 64.30 plus interests accrued from January 1st, 2021 until the Early Redemption Date, i.e. a total amount of EUR 64.33 per 2023 OCEANE.

    Holders of 2023 OCEANES have the ability to exercise their right to the allocation of shares of the Company pursuant to the Terms and Conditions until the seventh business day (included) preceding the Early Redemption Date, i.e. until May 19th, 2021 (included).

    Any holder of 2023 OCEANES that will not have validly exercised his or her right to the allocation of shares prior to this date will be redeemed in the conditions set out above.

    It is recalled that in order to exercise their right to the allocation of shares of the Company, the holders of 2023 OCEANES shall address a request for such purpose to the financial intermediary their 2023 OCEANES are registered with. Any request for exercise shall be irrevocable as of its receipt by the relevant financial intermediary.

    The date of request for exercise shall be the business day during which the last one of the following conditions (1) and (2) is met, at 5:00 pm CET at the latest, or the following business day if the said condition is met after 5:00 pm CET (the "Date of Request"):

    (1)      CACEIS Corporate Trust (the "Centralization Agent") will have received the request for exercise from the financial intermediary in the books of which the 2023 OCEANES are registered;

    (2)      the relevant 2023 OCEANES will have been transferred to the Centralization Agent by the relevant financial intermediary.

    In principle, any request for exercise of the right to the attribution of shares that is received by the Centralization Agent shall take effect at the earliest of the following two dates (the "Exercise Date"):

    • the last business day of the current calendar month; or
    • the seventh business day preceding the scheduled date for redemption.

    Holders of the 2023 OCEANES will receive their shares at the latest on the seventh business day following the Exercise Date.

    For more information, holders of 2023 OCEANES are invited to consult the Terms and Conditions.

    AT NEXITY, WE AIM TO SERVE ALL OUR CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVE
    With more than 11,000 employees and €4.9 billion in revenue in 2020, Nexity is France’s leading integrated real estate group, with a nationwide presence and business operations in all areas of real estate development and services for individuals, companies and local authorities.

    Our services platform is designed to serve all our clients as their real estate needs evolve.

    Firmly committed to focusing on people and how they are connected with each other, their cities and the environment, Nexity was named the number-one low-carbon project owner in France among real estate developers ranked by BBCA in 2020, is a member of the Bloomberg Gender-Equality Index (GEI) and obtained Great Place to Work certification in 2020.

    Nexity is listed on the SRD, Euronext’s Compartment A and the SBF 120.

    CONTACT
    Thierry CHEREL – Head of Investor Relations / +33 (0)6 68 31 29 05 - investorrelations@nexity.fr

    Important information

    This press release may not be released, published or distributed, directly or indirectly, in or into the United States of America, Australia, Canada, South Africa or Japan. The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession any document or other information referred to herein comes, should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

    No communication or information relating to the offering of the 2023 OCEANES may be transmitted to the public in a country where there is a registration obligation or where an approval is required. No action has been or will be taken in any country in which such registration or approval would be required. The issuance or the subscription of the 2023 OCEANES may be subject to legal and regulatory restrictions in certain jurisdictions; Nexity assumes no liability in connection with the breach by any person of such restrictions.

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