DGAP-Adhoc
CEZ MH B.V. launches an invitation to holders to offer to sell outstanding EUR 470.2 million guaranteed exchangeable bonds and announces an equity placing
DGAP-Ad-hoc: CEZ MH B.V. / Key word(s): Miscellaneous Ad hoc release: CEZ MH B.V. launches an invitation to holders to offer to sell outstanding EUR 470.2 million guaranteed exchangeable bonds and announces an equity placing |
Publication of inside information pursuant to Article 17 of the EU regulation No 596/2014 of the European Parliament and of the Council of 16 April 2014 (Market Abuse Regulation)
Amsterdam, 29th March 2017, 17:06 CET
CEZ MH B.V., a wholly owned subsidiary of ČEZ, a. s., has launched today an invitation to holders of its outstanding EUR 470.2 million guaranteed exchangeable bonds due 2017 (ISIN: XS1027633434) (the "Bonds"), exchangeable into ordinary shares of MOL Hungarian Oil and Gas Plc ("MOL") (ISIN: HU0000068952), to offer to sell their Bonds to CEZ MH B.V. for cash (the "Invitation"). The Bonds were issued by CEZ MH B.V. and guaranteed by ČEZ, a. s. on 4 February 2014 and are listed on the open market (Freiverkehr) of the Frankfurt Stock Exchange.
The purchase price per EUR 100,000 principal amount of Bonds offered and accepted for sale will be EUR 109,000. The Invitation is expected to be open until 5.00 p.m. (London time) on 30th March 2017. Announcement of the final aggregate principal amount of the Bonds accepted for purchase pursuant to the Invitation will be made as soon as reasonably practicable thereafter. Any Bonds that are not successfully offered for sale pursuant to the Invitation will remain outstanding. CEZ MH B.V. may, in its discretion, extend, re-open, amend, waive any condition of, or terminate the Invitation at any time (subject to applicable law).