Assystem - 2015 Registration Document

7

INFORMATION ABOUT THE COMPANY AND SHARE CAPITAL

INFORMATION ON THE SHARE CAPITAL

7.2.7

ODIRNANE BONDS

On 9 July 2014, the Company issued 5,602,240 Odirnane bonds representing a total amount of €159,999,974.40.

Total issue amount

€160 million

Issue date

09/07/2014

Maturity

Perpetual

Number of bonds issued

5,602,240 5,602,240

Number of bonds as at 31/12/2015 Nominal value (with 30% premium) (1) Interest rate set until 16 July 2021 (2)

€28.56

4.5%

(1) Reference price of €21.97. (2) From 17 July 2021, the bonds will bear interest at an annual nominal rate equal to the six-month Euribor plus 800 base points, payable half-yearly in arrears on 17 July and 17 January each year, and for the first time, if applicable, on 17 January 2022, subject to any suspension of interest payments. The Odirnane bonds are admitted to trading on Euronext Paris (ISIN code FR0012032712).

and for the first time on 17 July 2015, subject to any suspension of interest payments. As from 17 July 2021, the Odirnane bonds will bear interest at an annual nominal rate equal to the six-month Euribor plus 800 base points, payable half-yearly in arrears on 17 January and on 17 July of each year, and for the first time, if applicable, on 17 January 2022, subject to any suspension of interest payments. Bondholders may exercise their right to redeem their bonds in shares at any time from 40 days following the issue date until the 18 th trading day preceding 17 July 2021. The AMF approved the Prospectus for the Odirnane issue under no. 14– 380 dated 9 July 2014. For further information see Notes 2.33, 5, 17, 35 and 36 to the consolidated financial statements in Chapter 6.1 of this Registration Document.

The purpose of the Odirnane bond issue was: (i) to extend the maturity of the Group’s debt through the buyback and redemption of the Ornane 2017 bonds, whose value on the issue date was in the region of €89 million, and to further reduce the Group’s dependency on bank borrowings for its financial resources in order to maintain financial flexibility; (ii) to fund the Group’s general financing needs and its acquisition projects and; (iii) to reinforce the balance sheet structure as a result of the equity classification of the issue, in accordance with IFRS. The nominal value of each Odirnane bond was set at €28.56, representing a premium of 30% in relation to the reference Assystem share price of €21.97 as quoted on Euronext Paris. The Odirnane bonds were issued at par value on 17 July 2014, which was also the settlement and delivery date. The bonds constitute direct, general, unconditional, unsubordinated and unsecured commitments for the Company. From the issue date until 16 July 2021, the Odirnane bonds will bear interest at an annual nominal rate of 4.50%, payable annually in arrears on 17 July of each year (the “Annual Interest Payment Date”),

7.2.8

STOCK OPTIONS

No stock options were awarded in 2015.

7.2.9

FREE SHARE AND PERFORMANCE SHARE AWARDS

During 2015, the Board of Directors awarded the following free shares and performance shares:

04/2015 plan

Date of GM Date of award

22/05/2014 29/04/2015

Number of free shares or performance shares awarded

2,500 *

Number of beneficiaries

1

Vesting date

29/04/2017 29/04/2019

End of lock-up period

Number of free shares or performance shares vested

0

Number of free shares not yet vested

2,500

* Shares granted to a condition of presence.

166

ASSYSTEM

FINANCIAL REPORT 2015