Alcatel-Lucent announces the repurchase of 88% of the outstanding OCEANE due 1 January 2015 in the context of the standing repurchase order
Paris, 11 July 2013 - Alcatel-Lucent (Euronext Paris et NYSE : ALU, the "Company") repurchased, on 4 July 2013, following a reverse bookbuilding procedure, 98,396,171 bonds convertible and/or exchangeable for new or existing Alcatel-Lucent shares (OCEANE) due 1 January 2015 (the "2015 OCEANE") representing 39.40% of the then outstanding 2015 OCEANE, at a price of EUR 3.370 (excluding accrued interest from 1 July 2013 to 4 July 2013 amounting to EUR 0.00132) per 2015 OCEANE, for an aggregate principal amount of EUR 331,595,096.27 (the "Repurchase Offer").
Previously, the Company repurchased on 21 May 2013 59,891,735 2015 OCEANE at a price of EUR 3.330 (including accrued interest) per 2015 OCEANE, for an aggregate nominal amount of EUR 193,450,304.05 (the "Repurchase Proposal")
So as to ensure an equitable treatment among all 2015 OCEANE holders, the Company was committed to carry out a standing repurchase order (procédure de désintéressement) in France following the Repurchase Offer.
Therefore, the Company placed a standing repurchase order in France, through Deutsche Bank, Citi and Natixis, during a 5 consecutive trading day-period, from 5 July 2013 to 11 July 2013, at a price of EUR 3.370 (excluding accrued interest from 1 July 2013 to 16 July 2013 amounting to EUR 0.00664) per 2015 OCEANE.
The standing repurchase order ended today, resulting in a repurchase of 133,188,725 2015 OCEANE, representing circa. 43% of the number of 2015 OCEANE originally issued and 88% of the number of 2015 OCEANE still outstanding following the Repurchase Proposal and the Repurchase Offer, at a price of EUR 3.370 (excluding accrued interest from 1 July 2013 to 16 July 2013 amounting to EUR 0.00664) each, for a total amount of EUR 449,730,376.38 (including accrued interests).
The settlement and delivery of the 2015 OCEANE repurchased in the context of the standing repurchase order will take place on 16 July 2013.
The repurchased 2015 OCEANE will be cancelled, according to the terms and conditions and pursuant to legal requirements.
The total number of 2015 OCEANE repurchased by the Company in the context of the Repurchase Proposal, the Repurchase Offer and the standing repurchase order amounts to 291,476,631 2015 OCEANE, i.e. 94.15% of the number of 2015 OCEANE originally issued. Consequently, 18,120,892 2015 OCEANE, representing 5.85% of the number of 2015 OCEANE originally issued, remain outstanding.
The Company reserves the right to continue in the future to repurchase 2015 OCEANE, on or off-market.
The repurchase of the 2015 OCEANE was led by Deutsche Bank, Citi and Natixis.
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About Alcatel-Lucent (Euronext Paris and NYSE: ALU)Alcatel-Lucent is at the forefront of global communications, providing products and innovations in IP and cloud networking, as well as ultra-broadband fixed and wireless access to service providers and their customers, enterprises and institutions throughout the world.
Underpinning Alcatel-Lucent in driving the industrial transformation from voice telephony to high-speed digital delivery of data, video and information is Bell Labs, an integral part of Alcatel-Lucent and one of the world's foremost technology research institutes, responsible for countless breakthroughs that have shaped the networking and communications industry. Alcatel-Lucent innovations have resulted in the company being recognized by Thomson Reuters as a Top 100 Global Innovator, as well as being named by MIT Technology Review as amongst 2012's Top 50 "World's Most Innovative Companies". Alcatel-Lucent has also been recognized for innovation in sustainability, being ranked Technology Supersector Leader by the Dow Jones Sustainability Index in 2012 for making global communications more sustainable, affordable and accessible, all in pursuit of the company's mission to realize the potential of a connected world.
With revenues of Euro 14.4 billion in 2012, Alcatel-Lucent is listed on the Paris and New York stock exchanges (Euronext and NYSE: ALU). The company is incorporated in France and headquartered in Paris.
For more information, visit Alcatel-Lucent on: http://www.alcatel-lucent.com, read the latest posts on the Alcatel-Lucent blog http://www.alcatel-lucent.com/blog and follow the Company on Twitter: http://twitter.com/Alcatel_Lucent.
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Source: Alcatel-Lucent via Thomson Reuters ONE