Pursuant to its share buy-back program approved by the Shareholders General Meeting of 29 April 2016 (20th resolution), Ingenico Group has purchased 1,500,000 call options exercisable at any time until maturity (American call options) referring to 1,503,000 shares (1).
The acquisition of the call options is aimed at partially hedging Ingenico Group's obligation of delivery of own shares, in connection with the potential conversion of the "OCEANE" (bonds convertible or exchangeable for new or existing shares) maturing on 26 June 2022. The call options account for 51.6% of the 2,904,443 outstanding OCEANE and will enable to reduce by approximately 1.5 million shares (1) the potential dilution linked to the OCEANE.
Subject to market conditions, Ingenico Group could conclude further similar transactions.
(1) Subject to further parity adjustments
The acquisition of the call options is aimed at partially hedging Ingenico Group's obligation of delivery of own shares, in connection with the potential conversion of the "OCEANE" (bonds convertible or exchangeable for new or existing shares) maturing on 26 June 2022. The call options account for 51.6% of the 2,904,443 outstanding OCEANE and will enable to reduce by approximately 1.5 million shares (1) the potential dilution linked to the OCEANE.
Subject to market conditions, Ingenico Group could conclude further similar transactions.
(1) Subject to further parity adjustments
