Latecoere Announces the Launch of the Share Capital Increase Planned in Its Conciliation Protocol for an Amount of Approximately €108.2 Million, Which May Be Extended to Approximately €124.4 Million... - Seite 3

Extension clause

In accordance with the terms of the Conciliation Protocol, the Company committed, depending on the demand, to increase the number of Initial New Shares by a maximum of 15%, i.e. a maximum of 1,623,020,560 Additional New Shares. The Extension Clause may be used only to serve subscriptions on a reducible basis, made by shareholders and/or purchasers of preferential subscription rights, which could not be served. The decision to exercise the Extension Clause will be taken by the Company, after consultation with the Global Coordinator and Bookrunner, at the latest on the date of publication of the results of the Capital Increase scheduled for November 17^th, 2023 and will be mentioned in the press release published by the Company and posted on the Company's website and in the notice published by Euronext Paris S.A. announcing the results of the Capital Increase.

Indicative timetable for the capital increase

The Rights will be detached on November 2^nd, 2023 and tradeable from November 2^nd, 2023 until November 10^th, 2023 inclusive on Euronext Paris under the ISIN code FR001400LAB4. Unexercised Rights will automatically lapse at the end of the subscription period, i.e. on November 14^th, 2023 at the close of trading. The subscription period for the New Shares will be open from November 6^th, 2023 until the close of trading on November 14^th, 2023.

Settlement and delivery of the New Shares and commencement of trading on Euronext Paris are expected to take place on November 21^st, 2023. The New Shares will immediately entitle their holders to receive dividends declared by Latecoere as from their date of issuance. They will be immediately fungible with existing shares of the Company and will be traded on the same trading line under the same ISIN code FR001400JY13.

Subscription commitment

As of the date of the prospectus related to the Capital Increase (the “Prospectus”), Searchlight Capital Partners (through the company SCP SKN Holding I SAS), which owns 74.65% of the Company’s share capital, has irrevocably committed to (i) exercise all of its preferential subscription rights on an irreducible basis and to subscribe Initial New Shares for a total amount of €80,849,465.76, representing approximately 74.72% of the initial amount (excluding the Extension Clause) of the Capital Increase on the basis of a subscription price of €0.01 per New Share and (ii) to subscribe on a reducible basis to 2,735,190,494 New Shares representing the remainder of the amount of the Capital Increase which would have not been subscribed on an irreducible basis, in order to ensure the issue and subscription of all the Initial New shares. The subscription amount will be paid up on an irreducible basis (i) up to approximately €47.29 million by way of compensation with the certain, liquid and payable debt due by the Company to SCP SKN Holding I SAS under the bridge loan agreement concluded on May 15^th, 2023 and (ii) up to approximately €33.56 million by way of subscription in cash.