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Published on 6/7/2023 in the Prospect News Convertibles Daily.

Elis adjusts conversion ratio on Oceane due 2029 for dividend

Chicago, June 7 – Elis SA is changing the conversion and exchange ratio on its Oceane convertible offering due 2029 due to the payment of a dividend on the company’s shares, according to an announcement.

The new ratio is 5,915.9980 ordinary shares for 1 Oceane, increased from 5,774.0054 ordinary shares for 1 Oceane.

The change is effective June 22.

Elis is a Saint-Cloud, France-based provider of work uniforms and related services.


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