Saint-Ouen (France), 20 June 2014 - Gfi Informatique has signed an agreement today with
BG Master Fund to reduce the annual interest rate paid by the Company in respect, exclusively, of the OCEANEs (bonds convertible into new or existing shares) held by BG Master Fund. These OCEANEs were issued by the Company on 30 June 2011 and are described in the transaction note ("note d'opération") approved by the Autorité des Marchés Financiers under no. 11-252. To date, BG Master Fund holds 99.89% of the total number of OCEANEs still outstanding. Under the terms of the agreement, BG Master Fund has accepted that the annual interest rate paid in respect of the OCEANEs it holds be reduced from 5.25% to 3%, effective from the date of signature of the agreement.
This agreement covers only the exclusive relationship between Gfi Informatique and BG Master Fund, while the terms and conditions of the OCEANEs held by other holders remain unchanged, in particular the interest rate paid to such holders.
Gfi Informatique has committed not to exercise the early repayment option provided for in the first paragraph of Article 4.1.8.1.3 of the transaction note for a period of nine (9) months effective from the date of signature of the agreement.
Next release: 29 July 2014, publication of half-year sales and results.
Disclaimer:
The items in this press release other than historical facts are estimates. They do not constitute guarantees because of the inherent difficulties in forecasting results. Actual results may differ considerably from explicit or implicit forecasts.
About Gfi Informatique
Gfi Informatique is a major player in value-added IT services and software in Europe. It occupies a strategic position in its differentiated approach to global firms and niche entities. With its multi-specialist profile, the Group serves its clients with a unique combination of proximity, sector organisation and industrial-quality solutions. The Group has around 10,000 employees and generated revenue of €743 million in 2013.
Gfi Informatique is listed on the Paris Euronext, NYSE Euronext (Compartment B) - ISIN Code: FR0004038099
For more information go to www.gfi.fr.
| For further information, please contact: | ||
| GFI INFORMATIQUE Administrative and Financial Director Cyril MALHER Tel.: +33 1 44 04 50 64 cyril.malher@gfi.fr | KEIMA COMMUNICATION Investor Relations Emmanuel DOVERGNE Tel.: +33 1 56 43 44 63 emmanuel.dovergne@keima.fr | AGENCE YUCATAN Press Relations Caroline PRINCE Tel.: +33 1 5363 2735 cprince@yucatan.fr |
