Eramet announces early redemption results for undated Odirnans

By William Gullotti

Buffalo, N.Y., Nov. 2 – Eramet Group announced the early redemption and conversion request results for its undated Odirnan bonds (ISIN: FR0013204492), according to a press release on Tuesday.

Conversion rights for the bonds expired Oct. 25, resulting in 2,156,142 Odirnan conversion requests and the issuance of 2,211,829 new shares.

The remaining 2,286 outstanding Odirnan will be redeemed on Nov. 19 for an aggregate cash settlement of €100,000.

Eramet is a Paris-based mining and metallurgical global producer of alloying metals.

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