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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
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Registration Document 2016 — Capgemini
The terms and conditions of this issue were set out in the
prospectus approved by the AMF on October 18, 2013 under
reference number no. 13-557.
redeem all of the ORNANE bonds outstanding on November 21,
On October 5, 2016, Cap Gemini S.A. announced its decision to
2016 at par and based on a conversion ratio of 1.00 Cap Gemini
share per ORNANE bond.
bonds,
i.e.
24,456 bonds for a total of €2 million.
€398 million and 640,184 existing shares. On November 21,
2016, Cap Gemini S.A. redeemed all outstanding ORNANE
In this context, holders of 5,934,131 ORNANE bonds exercised
their share allotment rights resulting in the presentation of
The conversion option embedded in the ORNANE bonds and the
call option on own shares recognized in “Other non-current
liabilities” and “Other non-current assets”, respectively, of similar
amount, were released without any net impact on the Income
Statement.
its own shares purchased on October 18, 2013. The call option
sold by the Company was also exercised in full. Cap Gemini S.A.
In this context, Cap Gemini S.A. exercised in full the call option on
received an amount of €14 million on the exercise of these
two calls.
2011 Bond issue
d)
On November 18, 2011, Cap Gemini S.A. performed a bond issue
maturing on November 29, 2016. Bondholders enjoyed all rights
from November 29, 2011.
credit rating.
The bonds bore interest at 5.25% per year, potentially increasing
to 6.50% in the event of a down-grading of Cap Gemini S.A.’s
The total nominal amount of the issue was €500 million,
comprising 5,000 bonds with a nominal value of €100,000 each.
could be called before this date by the Company, subject to
certain conditions set out in the issue prospectus and particularly
The bonds were redeemable in full on November 29, 2016. They
request the early redemption of all or part of their bonds in the
event of a change in control of the Company, provided this
concerning the minimum redemption price. Bondholders could
change in control was accompanied by a downgrading of the
Company’s financial rating.
“grace” periods, if applicable), cross default (in excess of a
to pay sums due in respect of the bond issue or to comply with
other obligations set out in the documentation (beyond any
minimum threshold), liquidation or dissolution.
Early repayment could also be requested by any bondholder,
subject to the occurrence of certain events and particularly failure
not constitute an early repayment event.
An upgrade or downgrade in Cap Gemini S.A.’s credit rating did
Furthermore, Cap Gemini S.A. undertook that the bonds would
rank
pari passu
with all other marketable bonds issued by the
Company.
reference number no. 11-546.
The terms and conditions of this issue were set out in the
prospectus approved by the AMF on November 25, 2011 under
The 2011 bond issue was redeemed in full on November 29,
2016.