Nexity

SUCCESSFUL ISSUANCE BY NEXITY OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (OCEANES) DUE 2028 FOR APPROXIMATELY €240M AND RESULTS OF THE CONCURRENT REPURCHASE OF THE OUTSTANDING OCEANES DUE 2023...

SUCCESSFUL ISSUANCE BY NEXITY OF BONDS CONVERTIBLE INTO NEW SHARES AND/OR EXCHANGEABLE FOR EXISTING SHARES (OCEANES) DUE 2028 FOR APPROXIMATELY €240M AND RESULTS OF THE CONCURRENT REPURCHASE OF THE OUTSTANDING OCEANES DUE 2023 ISSUED IN MAY 2016 BY WAY OF A REVERSE BOOKBUILDING PROCESS

Paris, April 13^th 2021

Final terms of the bonds convertible into new shares and/or exchangeable for existing shares due April 19^th 2028 (the “2028 OCEANEs” or the “Bonds”)

Nexity (the “Company“ or “Nexity“) has successfully completed today an issuance of 2028 OCEANEs, for a nominal amount of €239,999,945.86 (the “Issuance“).

The net proceeds of this Issuance will be used to extend the maturity of Nexity’s indebtedness by financing the repurchase of part the outstanding €270m OCEANEs due 2023 issued on May 13^th 2016 (the “2023 OCEANEs”) tendered by their holders during the repurchase proposal (as detailed further below).

The nominal unit value per 2028 OCEANE has been set at EUR 59.81, representing a premium of 35% above Nexity’s reference share price¹ on the regulated market of Euronext in Paris (”Euronext Paris”).

The 2028 OCEANEs will be issued at par and will bear interest at an annual rate of 0.875%, payable semi-annually in arrears on April 19^th and October 19^th of each year (or on the following business day if such date is not a business day) and for the first time on October 19^th 2021.

The settlement and delivery of the 2028 OCEANES is expected to take place on April 19^th 2021 (the “Issue Date”).

  

Dilution

Given the issuance of a €240 million euros nominal amount and a par value of 59.81 euros per 2028 OCEANEs, and the repurchase by the Company of 92.8% of the 2023 OCEANEs initially issued through the Repurchase, the resulting dilution approximately represents 7.83% of the outstanding share capital, if the Company decided to deliver only new shares.

For information purposes, in the event of a repurchase or early redemption by the Company of all the 2023 OCEANEs initially issued, the potential dilution would be reduced from 9.46% of the share capital of the Company prior to the transaction to 7.15% of the share capital of the Company after completion of the transaction, if the Company decided to deliver only new shares.

Redemption

Unless previously converted and/or exchanged, redeemed or repurchased and cancelled, the 2028 OCEANEs will be redeemed at par on April 19^th, 2028 (or on the following business day if this date is not a business day) (the “Maturity Date”).