Altran to redeem all €129.23 million of 6.72% convertibles on May 6

By Tali David

Minneapolis, April 4 - Altran Technologies SA plans to redeem all of its outstanding 6.72% bonds convertible into new shares and/or exchangeable for existing shares, according to multiple notices.

The 29,504,376 convertibles will be redeemed at €4.38 per bond plus accrued interest of €0.101606, for a total of €4.481606, per bond on May 6.

Bondholders may exercise their option to convert their bonds until April 24 at the rate of one Altran Technologies share per bond by giving notice to the centralizing agent, Caceis Corporate Trust. Any new shares issued as a result of conversion are entitled to dividend rights as of Jan. 1.

Altran is a Paris-based science and engineering consulting company.

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