NOT FOR DISTRIBUTION IN OR INTO
The net proceeds of the offering will be used for general corporate purposes and to fund Umicore’s strategic developments in the areas of clean mobility materials and recycling. This offering will further strengthen and diversify Umicore’s funding structure by complementing the €1.1 billion of medium- and long-term, fixed-rate private placement debt secured in recent years.
The Sole Global Coordinator and Bookrunner has informed the Company that, concurrently with the placement of the Bonds, it intends to conduct a simultaneous placement of existing Shares on behalf of subscribers of the Bonds who wish to sell such Shares in short sales in order to hedge the market risk of an investment in the Bonds, at a placement price to be determined by way of an accelerated bookbuilding process. The Company will not receive any proceeds from the Concurrent Equity Offering. The Reference Price for the Bonds is expected to be equal to the placement price of the Concurrent Equity Offering.
Groupe Bruxelles Lambert, Umicore’s largest shareholder, has indicated its intention to participate in the Concurrent Equity Offering.
To access the full press release: http://umicore.com/convertible-bonds
For more information
Investor Relations
Evelien Goovaerts +32 2 227 78 38 evelien.goovaerts@umicore.com
Eva Behaeghe +32 2 227 70 68 eva.behaeghe@umicore.com
Aurélie Bultynck +32 2 227 74 34 aurelie.bultynck@umicore.com
Media Relations
Marjolein Scheers +32 2 227 71 47 marjolein.scheers@umicore.com
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