Regulatory News:
EUTELSAT S.A. (Paris:ETL) (LSE:ETL):
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR
INDIRECTLY TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE
UNITED STATES SECURITIES ACT OF 1993, AS AMENDED (THE “SECURITIES
ACT”)) OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF
AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO,
THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE
NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE
DISTRICT OF COLUMBIA OR IN ANY OTHER JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
ANNOUNCEMENT.
25 March 2024
EUTELSAT S.A. (a joint-stock company
(société anonyme) established under the laws of the Republic of
France) (THE “COMPANY”)
ANNOUNCES THE LAUNCH OF A TENDER
OFFER
TO THE QUALIFYING HOLDERS OF ITS
OUTSTANDING
€800,000,000 2.00 PER CENT. BONDS DUE 2025
(OF WHICH €800,000,000 ARE CURRENTLY OUTSTANDING) (ISIN:
FR0013369493) (THE “EXISTING NOTES”);
TO TENDER ANY AND ALL OF THE EXISTING NOTES
FOR PURCHASE FOR CASH ON THE TERMS AND SUBJECT TO THE CONDITIONS
SET OUT IN FULL IN THE TENDER OFFER MEMORANDUM
Description of the Existing
Notes
ISIN
Outstanding Principal
Amount
Tender Offer Price
Amount subject to the Tender
Offer
€800,000,000 2.00 per cent. bonds
due 2025
FR0013369493
€800,000,000
98 per cent
Any and all, subject to the
Transaction Condition
This notice must be read in conjunction with the tender offer
memorandum dated 25 March 2024 (the “Tender Offer
Memorandum”). Capitalised terms used in this notice and not
otherwise defined herein shall have the meanings ascribed to them
in the Tender Offer Memorandum. This notice and the Tender Offer
Memorandum contain important information which should be read
carefully before any decision is made to participate in the Tender
Offer. If you are in any doubt as to the action you should
take, you are recommended to seek your own financial advice,
including as to any tax consequences, immediately from your
stockbroker, bank manager, solicitor, accountant or other
appropriately authorised independent financial adviser. Any person
whose Existing Notes are held on its behalf by a broker, dealer,
bank, custodian, trust company or other nominee must contact such
entity if they wish to participate in the Tender Offer (as defined
below). The distribution of this notice in certain jurisdictions
(in particular the United States, the European Economic Area, the
United Kingdom, Belgium and the Republic of Italy) is restricted by
law (see "Offer Restrictions" below). Persons into whose possession
of this document comes are required to inform themselves about, and
to observe, any such restrictions.
On the terms and subject to the conditions contained in the
Tender Offer Memorandum, the Company invites each Qualifying Holder
(subject to the offer restrictions contained in the Tender Offer
Memorandum) to tender its Existing Notes for purchase by the
Company (the “Tender Offer”) in a cash amount to each
Qualifying Holder equal to the Tender Consideration and the Accrued
Interest Amount upon the terms and subject to the conditions of the
Tender Offer as further described below.
The Company will announce, as soon as practicable on 4 April
2024 (i) whether it will accept, subject to satisfaction or waiver
of the Transaction Condition, for purchase any offer of Existing
Notes; and if so (ii) the aggregate principal amount of Existing
Notes tendered and accepted for purchase, (iii) the Accrued
Interest in respect of Existing Notes tendered and accepted for
purchase, and (iv) the aggregate principal amount of Existing Notes
that remains outstanding after the Settlement Date.
Terms of the Tender Offer
- The amount in cash payable to each Qualifying Holder by the
Company for the Existing Notes validly tendered and accepted by it
for purchase pursuant to the Tender Offer will be an amount equal
to the aggregate of (i) the Tender Consideration and (ii) the
Accrued Interest Amount.
- The Settlement Date is expected to take place on 8 April 2024,
on which date the Company will pay the Tender Consideration and the
Accrued Interest Amount to each Qualifying Holder who has validly
tendered for purchase its Existing Notes under the Tender Offer and
whose tenders have been accepted.
- The Company may reject tenders of Existing Notes for purchase
that it considers, in its sole discretion, not to have been validly
made and the Company is under no obligation to any relevant holder
of Existing Notes to provide any reason or justification for
refusing to accept any such tender of Existing Notes for
purchase.
- The acceptance for purchase by the Company of Existing Notes
validly tendered pursuant to the Tender Offer is at the sole
discretion of the Company and is subject, without limitation, to,
and conditional upon, on or before the Settlement Date, the
settlement of the issue of the New Notes to the satisfaction of the
Company (the “Transaction Condition”).
- The Company has announced on the date hereof its intention to
issue new euro denominated senior unsecured notes (the “New
Notes”).
- The purpose of the Tender Offer and the planned issuance of the
New Notes is, amongst other things, to proactively manage the
Company’s debt redemptions and to extend the debt maturity profile
of the Company.
Tender Offer Price
The Tender Offer Price is 98 per cent. of the principal amount
of the Existing Notes.
Transaction Condition
The Company is under no obligation to accept any valid tenders
of Existing Notes pursuant to the Tender Offer.
The acceptance for purchase by the Company of Existing Notes
validly tendered pursuant to the Tender Offer is at the sole
discretion of the Company and is subject, without limitation, to,
and conditional upon, on or before the Settlement Date, the
settlement of the issue of the New Notes to the satisfaction of the
Company (the “Transaction Condition”).
The Company is entitled to amend or waive the Transaction
Condition at its sole discretion.
Priority allocation in the New Notes
A Qualifying Holder who wishes to subscribe for New Notes in
addition to tendering or indicating its firm intention to tender
its Existing Notes for purchase pursuant to the Tender Offer may,
at the sole and absolute discretion of the Company, receive
priority (the “New Notes Priority”) in the allocation of the
New Notes, subject to such Qualifying Holder making a separate
application for the purchase of such New Notes to one of the Joint
Global Coordinators and Joint Bookrunners in accordance with the
standard new issue procedures of such Joint Global Coordinator and
Joint Bookrunner.
Such priority will be given for an aggregate principal amount of
New Notes up to the aggregate principal amount of Existing Notes
validly tendered by that Qualifying Holder and accepted for
purchase by the Company pursuant to the Tender Offer and will be
given over any investor who is applying for purchase of such New
Notes without having Existing Notes accepted in the Tender
Offer.
The denomination of the New Notes will be €100,000 and integral
multiples of €1,000 in excess thereof. Accordingly, in order for
any priority in the allocation of New Notes to be effective,
Qualifying Holder will need to have a minimum of €100,000 in
aggregate principal amount of Existing Notes accepted for purchase
by the Company pursuant to the Tender Offer.
A key factor in the allocation of the New Notes will be whether
Qualifying Holders have validly tendered or indicated their firm
intention to the Company or any of the Dealer Managers to tender
their Existing Notes. When considering allocation of the New Notes,
the Company may intend to give preference to those Qualifying
Holders who, prior to such allocation, have validly tendered or
indicated their firm intention to the Company or any of the Dealer
Managers to tender the Existing Notes and subscribe for New Notes.
However, the Company is not obliged to allocate the New Notes to a
Qualifying Holder who has validly tendered or indicated a firm
intention to tender the Existing Notes pursuant to the Tender
Offer. Any allocation of the New Notes, while being considered by
the Company as set out above, will be made in accordance with
customary new issue allocation processes and procedures.
To request New Notes Priority, a Qualifying Holder should
contact the Dealer Managers (in their capacity as a Managers of the
issue of the New Notes) using the contact details on the Contact
Information page of this notice.
The pricing of the New Notes is expected to take place prior to
the Expiration Deadline and, as such, Qualifying Holders are
advised to contact the Dealer Managers (in their capacity as a
Joint Global Coordinator and Joint Bookrunner of the issue of the
New Notes) as soon as possible prior to the Expiration Deadline and
prior to the pricing of the New Notes in order to request New Notes
Priority.
The Tender Offer Memorandum is not an offer to buy or sell, or a
solicitation of an offer to sell or buy, any New Notes or other
securities in the United States or any other jurisdiction.
Securities may not be offered or sold in the United States absent
registration under, or an exemption from, the registration
requirements of the Securities Act. The New Notes have not been,
and will not be, registered under the Securities Act or the
securities laws of any state or other jurisdiction of the United
States, and may not be offered, sold or delivered, directly or
indirectly, within the United States or to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the
Securities Act) except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws.
The target market for the New Notes Is eligible counterparties
and professional clients only, each as defined in Directive
2014/65/EU (as amended, “MiFID II”) and the New Notes are
not intended to be offered, sold or otherwise made available to and
should not be offered, sold or otherwise made available to any
retail investor in the European Economic Area. For these purposes,
a retail investor means a person who is one (or more) of: (i) a
retail client as defined in point (11) of MiFID II; (ii) a customer
within the meaning of Directive (EU) 2016/97 (as amended, the
“Insurance Distribution Directive”), where that customer would not
qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II or (iii) not a qualified investor as
defined in Article 2 of the Prospectus Regulation.
The application to receive priority in the allocation of New
Notes does not constitute an offer or acceptance by any Qualifying
Holder to purchase New Notes, and any investment decision to
purchase any New Notes should be made solely on the basis of the
information contained in the offering memorandum to be prepared in
connection with the issue and listing of such New Notes, which will
be available from the Joint Global Coordinators and Joint
Bookrunners, and no reliance is to be placed on any representations
other than those contained in such offering memorandum.
For the avoidance of doubt, the ability to purchase New Notes is
subject to all applicable securities laws and regulations in force
in any relevant jurisdiction (including the jurisdiction of the
relevant Qualifying Holder and the selling restrictions set out in
the offering memorandum). It is the sole responsibility of each
Qualifying Holder to satisfy itself that it is eligible to purchase
New Notes before requesting New Notes Priority.
Settlement
The Settlement Date is expected to take place on 8 April 2024,
on which date the Company will pay the Tender Consideration and the
Accrued Interest Amount to the Qualifying Holders who have validly
tendered for purchase their Existing Notes under the Tender Offer
and whose tenders have been accepted.
Amendment, Termination, Withdrawal or Extension
Subject as provided by the Tender Offer Memorandum, the Company
may, at any time and in its sole discretion, (i) amend or extend
the Tender Offer (ii) waive the Transaction Condition; and (iii)
terminate or withdraw the Tender Offer (including, but not limited
to, where the Transaction Condition has not been satisfied) prior
to the announcement by the Company of whether the Company intends
to accept any Existing Notes for purchase.
If the Tender Offer is amended in any way that, in the opinion
of the Company (in consultation with the Dealer Managers), is
materially prejudicial to Qualifying Holders that have validly
submitted Electronic Instruction Notices or Acceptance Notices,
then the Company will allow Qualifying Holders to revoke such
Electronic Instruction Notice or Acceptance Notice and will
announce, at the same time as the announcement of the amendment, a
revocation deadline (subject to any earlier deadlines imposed by
the Clearing Systems and any intermediary through which Qualifying
Holders hold their Existing Notes). An Electronic Instruction
Notice or Acceptance Notice validly submitted in accordance with
the procedures set forth in the section of the Tender Offer
Memorandum titled “Terms of the Tender Offer – Procedure for
submitting Offers to Participate”, is otherwise
irrevocable.
For the avoidance of doubt, any extension of the Tender Offer
(including any amendment in relation to the Expiration Deadline
and/or Settlement Date) in accordance with the terms of the Tender
Offer as described in the section of the Tender Offer Memorandum
titled “Terms of the Tender Offer – Amendment, Termination,
Withdrawal or Extension” shall not be considered materially
prejudicial if the purchase of any Existing Notes for cash is
completed by the Company, by no later than the date falling 7
business days after the expected Settlement Date.
Qualifying Holders wishing to exercise any such right of
revocation should do so in accordance with the procedures set out
in the section of the Tender Offer Memorandum titled “Terms of the
Tender Offer – Procedure for submitting Offers to Participate”
above. Owners of Existing Notes that are held through an
intermediary are advised to check with their intermediary as to
when it would require to receive instructions to revoke an
Electronic Instruction Notice or an Acceptance Notice in order to
meet the deadline indicated above. Any Qualifying Holder who does
not exercise any such right of revocation before the revocation
deadline in the circumstances and in the manner specified above,
shall be deemed to have waived such right of revocation and its
original Electronic Instruction Notice and / or Acceptance Notice
will remain effective.
Any Electronic Instruction Notice submitted before an amended
Tender Offer is made will be valid and binding in respect of such
amended Tender Offer (subject always to the revocation rights
described above), provided that the terms of the amended Tender
Offer are not considered by the Company in its sole discretion to
be materially prejudicial to Qualifying Holders.
Expected Timetable
Please note the following important dates and times relating to
the Tender Offer. Each date and time is indicative only and is
subject to the right of the Company to extend, amend, terminate
and/or withdraw the Tender Offer, subject to applicable law and as
provided in the Tender Offer Memorandum. Any publication or
notification will be made as soon as practicable after the relevant
event hereunder.
None of the Company, the Information Agent, the Tender Agent or
the Dealer Managers warrants that any or all of the events referred
to below will take place as and/or when described including, in
particular, in the case of any publications or announcements made
through or via any Clearing System, Notifying News Service (as
defined below) or the Luxembourg Stock Exchange website nor shall
they be liable for any delay or failure of any Clearing System to
deliver any notices to Direct Participants or Qualifying Holders of
Existing Notes or of any Notifying News Service to publish a
notice.
Events
Dates and Times
(All times are Paris time)
Beginning of Tender Offer
Period.
Launch of the Tender Offer
Tender Offer announced and notice of the
Tender Offer submitted to the Clearing Systems and published by way
of an announcement on the website of the Luxembourg Stock Exchange
(www.bourse.lu), the website of the Company (www.eutelsat.com) and
on a Notifying News Service.
Tender Offer Memorandum made available to
Qualifying Holders, upon request to the Information Agent.
25 March 2024
Pricing of the New Notes
Expected to occur prior to the Expiration
Deadline
Expiration Deadline
Deadline for receipt by the Tender Agent
of all Acceptance Notices.
Qualifying Holders should note that
Electronic Instruction Notices must be submitted in accordance with
the deadlines of the relevant Clearing System to have such
Electronic Instruction Notice reflected in an Acceptance Notice (as
applicable).
End of Tender Offer Period.
5.00 p.m. on 3 April 2024
Provided the Company has not elected to
withdraw or terminate the Tender Offer in accordance with “Terms of
the Tender Offer — Amendment, Termination, Withdrawal or Extension”
of the Tender Offer Memorandum and subject to the Transaction
Condition, determination of any Accrued Interest
Announcement of the final results of
the Tender Offer (which remain subject to satisfaction or waiver of
the Transaction Condition)
As soon as practicable on 4 April 2024
Announcement of whether the Company will
accept valid tender instructions of Existing Notes for purchase,
and, if so accepted, of:
- the aggregate principal amount of Existing Notes tendered and
accepted for purchase;
- the Accrued Interest in respect of Existing Notes tendered and
accepted for purchase; and
- the aggregate principal amount of Existing Notes that remain
outstanding after the Settlement Date.
Announcement of the final results of the
Tender Offer to be submitted to the Clearing Systems and published
by way of announcement on a Notifying News Service and on the
website of the Luxembourg Stock Exchange (www.bourse.lu).
Settlement Date of the Tender
Offer
Subject to satisfaction or waiver of the
Transaction Condition, payment of the Tender Consideration and the
Accrued Interest Amount validly tendered and accepted for purchase
by the Company.
Expected to take place on 8 April 2024
Qualifying Holders are advised to check
with the bank, securities broker or other intermediary through
which they hold their Existing Notes whether such intermediary
would require receiving instructions to participate in, or withdraw
their instruction to participate in, the Tender Offer prior to the
deadlines set out above. The deadlines set by each Clearing
System for the submission of Electronic Instruction Notices may
also be earlier than the relevant deadlines above, in which case
Qualifying Holders should follow those earlier deadlines. See
“Terms of the Tender Offer” of the Tender Offer Memorandum.
Significant delays may be experienced
where notices are delivered through the Clearing Systems and
Qualifying Holders are urged to contact the Dealer Managers or the
Information Agent at the contact details specified on the Contact
Information page of this notice for the relevant announcements
during the Tender Offer Period. All announcements will be made
available upon release at the offices of the Information Agent and
the Tender Agent.
Further Information
Qualifying Holders are advised to read carefully the Tender
Offer Memorandum for full details of and information on the
procedures for participating in the Tender Offer in respect of the
Existing Notes.
Any charges, costs and expenses charged by the Qualifying
Holders intermediary shall be borne by such Qualifying Holders.
The Tender Offer Memorandum and/or this notice do not constitute
a recommendation by the Company, the Dealer Managers, the Tender
Agent, the Information Agent or any of their respective affiliates,
directors or employees to Qualifying Holders to tender Existing
Notes. The Dealer Managers do not take responsibility for the
content of this notice. None of the Company, the Dealer Managers,
the Tender Agent, the Information Agent or any of their respective
affiliates, directors or employees has authorised any third party
to make any such recommendation. Qualifying Holders should
thoroughly examine the information contained in the Tender Offer
Memorandum, consult their personal legal, tax and investment
advisers and make an independent decision whether to tender any
Existing Note held by them to the Company on the basis of the
Tender Offer.
For more information regarding the terms and conditions of the
Tender Offer please refer to the Tender Offer Memorandum.
Questions and requests for documents or assistance in relation
to the procedures relating to participation in the Tender Offer may
be addressed to the Dealer Managers, the Information Agent or the
Tender Agent, the contact details of which are provided below.
Contact Information
The Company:
Eutelsat S.A. 32 Boulevard Gallieni
92130 Issy-les-Moulineaux France
The Dealer Managers of the Tender
Offer are:
BNP Paribas
16, boulevard des Italiens 75009
Paris France
Attention: Liability Management
Group
Telephone: +33 1 55 77 78 94
Email:
liability.management@bnpparibas.com
Crédit Agricole Corporate and
Investment Bank 12 place des États-Unis
CS 70052 92 547 Montrouge
Cedex
France
Attn: Liability Management
Tel: +44 207 214 5903
Email:
liability.management@ca-cib.com
Société Générale
Immeuble Basalte
17 Cours Valmy, CS 50318, 92972
Paris
La Défense Cedex
France
Attn: Liability Management
Tel: +33 1 42 13 32 40
Email:
liability.management@sgcib.com
The Information Agent for the Tender Offer will be:
BNP Paribas Securities
Services Business Line
Les Grands Moulins de Pantin
9, rue du Débarcadère
93500 Pantin
France
Tel: +33 1 40 14 14 30
Email:
paris.bp2s.information.agent@bnpparibas.com
The Tender Agent for the Tender Offer will be:
BNP Paribas Securities
Services Business Line
9, rue du Débarcadère
93500 Pantin
France
Attn: Corporate Trust
Services
Tel: +33 1 40 14 14 30
Fax: +33 1 57 43 31 38
Email:
paris.bp2s.offers@bnpparibas.com
Copies of the Tender Offer Memorandum are available upon request
addressed to the Tender Agent or the Information Agent.
Prior to making a decision as to whether to participate in the
Tender Offer, Qualifying Holders should carefully consider all of
the information in the Tender Offer Memorandum.
OFFER RESTRICTIONS
The distribution of this notice or the Tender Offer Memorandum
in certain jurisdictions may be restricted by law. Persons into
whose possession this notice comes are required by each of the
Company, the Dealer Managers, the Tender Agent and the Information
Agent to inform themselves about, and to observe, any such
restrictions.
No action has been or will be taken in any jurisdiction in
relation to the Tender Offer that would permit a public offering of
securities.
United States
The Tender Offer is not being made or offered and will not be
made or offered directly or indirectly in or into, or by use of the
mails of, or by any means or instrumentality (including, without
limitation, facsimile transmission, telex, telephone, email and
other forms of electronic transmission) of interstate or foreign
commerce of, or any facility of a national securities exchange of,
or to owners of Existing Notes who are located in the United States
(as defined in Regulation S of the U.S. Securities Act of 1933, as
amended (the “Securities Act”)), or to, or for the account
or benefit of, any U.S. persons as defined in Regulation S of the
Securities Act (each a “U.S. person”) and the Existing Notes
may not be tendered in the Tender Offer by any such use, means,
instrumentality or facility from or within the United States, by
persons located or resident in the United States or by U.S.
persons. Accordingly, copies of the Tender Offer Memorandum and any
documents or materials related to the Tender Offer are not being,
and must not be, directly or indirectly, mailed or otherwise
transmitted, distributed or forwarded (including, without
limitation, by custodians, nominees or trustees) in or into the
United States or to any such person. Any purported offer to sell in
response to the Tender Offer resulting directly or indirectly from
a violation of these restrictions will be invalid, and purported
tender of Existing Notes made by a person located in the United
States, a U.S. person, by any person acting for the account or
benefit of a U.S. person, or any agent, fiduciary or other
intermediary acting on a non-discretionary basis for a principal
giving instructions from within the United States or any U.S.
person will not be accepted.
Each Qualifying Holder of Existing Notes participating in the
Tender Offer will represent that it is not participating in the
Tender Offer from the United States, that it is participating in
the Tender Offer in accordance with Regulation S under the
Securities Act and that it is not a U.S. person or it is acting on
a non-discretionary basis for a principal located outside the
United States that is not giving an order to participate in the
Tender Offer from the United States and who is not a U.S.
person.
United Kingdom
The communication of this notice, the Tender Offer Memorandum
and any other documents or materials relating to the Tender Offer
is not being made, and such documents and/or materials have not
been approved by an authorised person for the purposes of section
21 of the Financial Services and Markets Act 2000, as amended (the
“FSMA”). Accordingly, such documents and/or materials are
not being distributed to, and must not be passed on to, the general
public in the United Kingdom. The communication of such documents
and/or materials is exempt from the restriction on financial
promotions under section 21 of the FSMA on the basis that it is
only directed at and may only be communicated to (i) those persons
who are existing members or creditors of the Company or other
persons within Article 43(2) of the UK Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and
(ii) any other persons to whom these documents and/or materials may
lawfully be communicated in circumstances in which section 21 of
the FSMA does not apply (together being referred to as “relevant
persons” in this paragraph), and must not be acted on or relied
upon by persons other than relevant persons. Any investment
activity referred to in this notice, the Tender Offer Memorandum or
such other offer material are available only to relevant persons
and will be engaged in only with relevant persons.
This notice and the Tender Offer Memorandum have been prepared
on the basis that the Tender Offer in the United Kingdom will be
made pursuant to an exemption under the Regulation (EU) No.
2017/565 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 (“EUWA”) from the requirement
to produce a prospectus.
European Economic Area and United Kingdom
In any European Economic Area Member State (each, an “EEA
Member State”), this notice and the Tender Offer Memorandum are
only addressed to and are only directed at qualified investors in
within the meaning of the Prospectus Regulation in that EEA Member
State.
Each person in an EEA Member State who receives any
communication in respect of the Tender Offer contemplated in this
notice and the Tender Offer Memorandum will be deemed to have
represented, warranted and agreed to and with each Dealer Manager
and the Company that it is a qualified investor within the meaning
of Article 2(e) of the Prospectus Regulation.
General
This notice or the Tender Offer Memorandum does not constitute
an offer to buy or the solicitation of an offer to sell Existing
Notes, and tenders of Existing Notes for purchase pursuant to the
Tender Offer will not be accepted from Qualifying Holders in any
circumstances in which such offer or solicitation is unlawful.
In addition to the representations referred to above in respect
of the United States, each Qualifying Holder participating in a
Tender Offer will also be deemed to give certain representations in
respect of the other jurisdictions referred to above and generally
as set out in “Terms of the Tender Offer” of the Tender Offer
Memorandum. Any tender of Existing Notes for purchase pursuant to
the Tender Offer from a Qualifying Holder that is unable to make
these representations will not be accepted. Each of the Company,
the Dealer Managers, the Information Agent and the Tender Agent
reserves the right, in its absolute discretion, to investigate, in
relation to any tender of Existing Notes for purchase pursuant to
the Tender Offer, whether any such representation given by a
Qualifying Holder is correct and, if such investigation is
undertaken and as a result the Company or the Tender Agent
determines (for any reason) that such representation is not
correct, such tender shall not be accepted.
The Dealer Managers, the Company, the Information Agent and the
Tender Agent (or their respective directors, employees or
affiliates) make no representations or recommendations whatsoever
regarding this notice, the Tender Offer Memorandum or the Tender
Offer. The Tender Agent and the Information Agent are each an agent
of the Company and each owes no duty to any Qualifying Holder.
None of the Company, the Dealer Managers, the Information Agent
or the Tender Agent makes any recommendation as to whether or not
Qualifying Holders should participate in the Tender Offer.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240325720024/en/
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