Euronext announces the success of its offering of bonds due 2032 convertible into new shares and/or exchangeable for existing shares (“OCEANEs”) for a nominal amount of €425 million

Core Points - Euronext successfully completed an offering of senior unsecured bonds convertible into shares for a nominal amount of €425 million [1][2] - The proceeds from the bond offering will be used to repay part of a bridge loan and for general corporate purposes [2] Bond Terms - The bonds will have a denomination of €100,000 each, a fixed coupon rate of 1.50% per annum, and will pay interest semi-annually [3] - The initial conversion price is set at €191.1654, representing a 35% premium over the reference share price of €141.6040 [4] - The bonds will be redeemed at par on 30 May 2032 unless converted or exchanged earlier [5] Early Redemption and Conversion Rights - The company can redeem the bonds early under certain conditions, including if the average share price exceeds 130% of the conversion price [6] - Bondholders can convert or exchange their bonds into shares from 41 days after the issue date until 7 business days before maturity [7] Conversion Ratio and Dilution - The conversion ratio is set at approximately 523.1072 shares per bond, subject to adjustments [8] - The potential dilution from the bond offering is estimated at around 2.1% of the company's outstanding share capital if all bonds are converted [14] Legal and Regulatory Framework - The bonds are offered only to qualified investors and will not be publicly offered in certain jurisdictions [11][16] - Existing shareholders do not have preferential subscription rights for the bonds or any new shares issued upon conversion [12] Lock-up and Trading - The company has agreed to a lock-up period for its shares for 90 days following the issue date [13] - Application will be made for the bonds to be traded on Euronext Access in Paris within 30 days from the issue date [9]