Vilmorin & CIE ANNOUNCES ITS PLAN TO ISSUE A NEW EURO BOND
15 Marzo 2021 - 9:30AM
Vilmorin & CIE ANNOUNCES ITS PLAN TO ISSUE A NEW EURO BOND
This morning, Vilmorin & Cie announces its
plan to issue a 7-year 300 million euros expected-size bond (the
“2028 Bonds”).
Subject to the pricing of the 2028 Bonds that
may occur after a marketing starting today and subject to market
conditions, Vilmorin & Cie will use part of the proceeds from
the 2028 Bonds to fund the exercise of a pre-maturity redemption
call option on its 450 million euros bond due 26 May 2021. This
inaugural bond was issued in two tranches on 26 May 2014 and 11
March 2015, with a coupon of 2.375% (ISIN code: FR0011921881) (the
"2021 Bonds").
As of 15 March 2021, the outstanding principal
amount of the 2021 Bonds stands at 346.2 million euros. The current
outstanding amount may be redeemed (in whole) at its principal
amount together with interest accrued to, but excluding, the date
fixed for redemption, in accordance with its terms and
conditions.
Those contemplated operations would enable
Vilmorin & Cie to prolong the maturity of its debt and pursue
the optimization of its financial resources.
You can consult the text of this press release
on the Vilmorin & Cie website www.vilmorincie.com/en
COMING DISCLOSURES AND EVENTS
·Thursday May 6, 2021(1):Disclosure of sales at the end of
the 3rd quarter 2020-2021
·Monday August 2, 2021(1):Disclosure of sales for fiscal
year 2020-2021
·Wednesday October 13, 2021(1):Disclosure of results for
fiscal year 2020-2021
·Friday December 10, 2021:Annual General Meeting of
Shareholders
Dates provided as an indication only, and liable to be changed.
(1) Disclosure after trading on the Paris Stock Market.
FOR ANY FURTHER INFORMATION
Olivier FALUTChief Financial
Officerolivier.falut@vilmorincie.com
Valérie MONSÉRATHead of Financial Communication and Investor
Relationsvalerie.monserat@vilmorincie.com
Tel: + 33 (0)4 73 63 44 85www.vilmorincie.com
Vilmorin & Cie, the 4th largest seed company
in the world, develops vegetable and field seeds with high added
value, contributing to meeting global food requirements.
A multi-crop seed company, every year Vilmorin
& Cie brings around 300 new varieties to market to meet the
needs of all diverse types of agriculture and allow farmers to
produce better and produce more.
Accompanied by its reference Shareholder
Limagrain, both an agricultural cooperative owned by French farmers
and an international seed group, Vilmorin & Cie’s strategy for
growth relies on research and international development to durably
strengthen its market shares on resilient world markets.
True, since its origins in 1743, to its vision
of sustainable development, Vilmorin & Cie ensures its
achievements fully respect its three founding values: progress,
perseverance and cooperation.
Disclaimer
This press release is for information purposes
only and does not constitute an offer to sell or a solicitation to
purchase any securities in any jurisdiction.
The distribution of this press release in
certain jurisdictions may be restricted by law. Release,
publication or distribution of this press release is forbidden in
any jurisdiction where such release, publication or distribution
would violate applicable laws or regulations. Persons into whose
possession this press release comes should inform themselves about
and observe any applicable legal and regulatory restrictions.
No action has been or will be undertaken to make
available any bonds to any retail investor in the European Economic
Area or in the United Kingdom.
In France, a prospectus will be submitted for
approval to the French Autorité des marchés financiers in its
capacity as competent authority in France pursuant to Regulation
(EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on the prospectus to be published when securities are
offered to the public or admitted to trading on a regulated market,
as amended (the "Prospectus Regulation") for a
listing of the bonds on the regulated market of Euronext Paris. The
prospectus will be communicated to qualified investors
(investisseurs qualifiés) as defined in, and in accordance with the
Prospectus Regulation and Article L. 411-2 of the French Code
monétaire et financier. Settlement and delivery remain subject to
this approval.
This press release is not a prospectus for the
purposes of the Prospectus Regulation.
This press release is not an offer for sale
within the United States of any security of Vilmorin & Cie or
any of its affiliates. Securities of Vilmorin & Cie or any of
its affiliates may not be offered or sold in the United States
absent registration under the U.S. Securities Act of 1933, as
amended, or unless exempt from such registration.