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Fugro announces launch of a repurchase of up to EUR 75 million aggregate principal amount of its subordinated convertible bonds due 2021

Access to this information is limited to persons resident and physically present in the Netherlands and to authorized persons who are resident and physically present in other jurisdictions outside the United States, Canada, Japan or Australia.

Fugro N.V., hereinafter the “Company” or “Fugro”, announces its intention to repurchase up to EUR 75 million aggregate principal amount of its outstanding 4.00% subordinated bonds convertible into ordinary shares or certificates representing ordinary shares (the “Shares”) of Fugro due 26 October 2021 issued by the Company on 26 October 2016 (ISIN: XS1508771216) (the “Bonds” and each, a “Bond”) by way of a reverse bookbuilding process.

14 Dec 2020   09:50 CET
Leidschendam, the Netherlands

The invitation to holders of the Bonds to submit offers (the "Invitation") is expected to close at 5.30pm CET on 15 December 2020, subject to the right of the Company, in its sole discretion, to extend, re-open, amend or terminate the Invitation at any time prior to announcement of the final aggregate principal amount of the Bonds accepted for repurchase pursuant to the Invitation. 

Eligible bondholders whose Bonds are accepted for purchase by the Company pursuant to the Invitation will receive an amount in cash equal to EUR 100,000 per EUR 100,000 in principal amount of the Bonds. In addition, the Company will pay, in respect of Bonds purchased pursuant to the Invitation, a cash amount representing interest accrued but unpaid on the Bonds from, and including, 26 October 2020 (being the last interest payment date for the Bonds prior to the Invitation) to, but excluding, 18 December 2020.

For more information


Edward Legierse

+31 (0) 70 31 11147


Catrien van Buttingha Wichers

+31 (0) 70 31 15335


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