1 min de lecture

Transfer of Luxottica Bonds to EssilorLuxottica

A handout photo taken on January 16, 2017 and released by Essilor shows Founder and Chairperson of Italian eyeglass producer Luxottica Leonardo Del Vecchio (R) shaking hands with CEO of French lens maker Essilor Hubert Sagnieres in Paris. - French lensmaker Essilor has agreed to buy Italy's Luxottica, maker of Ray-Ban sunglasses, in a bid to create a new global giant in the sector, the two groups announced on January 16. (Photo by Thierry FOULON / Essilor / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / ESSILOR / THIERRY FOULON" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

As a follow-up to the press release published on 24 October 2019, Luxottica Group S.p.A. (“Luxottica”) and EssilorLuxottica announce the approval of the general meeting of bondholders to transfer the Bonds from Luxottica to EssilorLuxottica.

 

By Luxus Plus

 

 

The bonds issued by Luxottica in 2014, maturing on February 10, 2024, are valued at 2.625% for a total amount of 500,000,000 euros (ISIN code: XS1030851791).

 

This announcement is simultaneous with the release of the guarantors’ obligations under the Bonds and certain other amendments to the terms and conditions of the Bonds, as set out in full in a “Consent Solicitation Memorandum” dated 24 October 2019.

 

A copy is available in the “Consent Solicitation” section of Luxottica’s website at the following address: http://www.luxottica.com/en/investors/consent-solicitation .

 

Luxottica and EssilorLuxottica draw the bondholders’ attention to the fact that, as indicated in the Consent Solicitation Memorandum, the transfer will be effective as of the Implementation Date.

 

 

 

 

 

The editorial team

Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Article précédent

Vincent Billiard appointed Managing Director at Hôtel de Crillon (Rosewood Hotels & Resorts)

Article suivant

Luxury professions forum: “Future of Luxury” conference on November 23, 2019

Dernier en date de