Atos holders convert most 2.5% Oceanes; rest to be redeemed Oct. 18

By Marisa Wong

Madison, Wis., Oct. 15 - Atos SE said that holders converted 5,409,571, or 99.9%, of its outstanding 2.5% convertible bonds issued in the Oceane structure due Jan. 1, 2016 as of Oct. 9.

As announced on Sept. 16, holders had the option to either convert their bonds into Atos stock at a rate of 1.03 shares per bond or receive a cash payment of €47.08708 per bond at the latest on Oct. 9.

The remaining 5,200 Oceanes that were not presented for conversion will be redeemed for cash on Oct. 18 at €47.08708 per bond, for a total redemption amount of €244,853. The redemption price includes accrued interest.

Atos said the early redemption allows it to reinforce its equity and to increase its net cash position by €234 million.

Following the redemption/conversion transactions, the total number of outstanding Atos shares will be 93,219,174.

The bonds were issued on Oct. 29, 2009 as part of the loan of a principal amount of €220 million.

Atos is an information technology services company based in Paris.

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