Key Developments: Pierre et Vacances SA (PVAC.PA)

PVAC.PA on Paris Stock Exchange

30.33EUR
21 Aug 2014
Price Change (% chg)

€0.20 (+0.66%)
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Latest Key Developments (Source: Significant Developments)

Euro Disney and Pierre et Vacances-Center Parcs to start phase 1 construction on Villages Nature
Sunday, 25 May 2014 02:02pm EDT 

Pierre et Vacances SA:Euro Disney and Pierre et Vacances-Center Parcs, along with their 50/50 joint venture, Les Villages Nature de Val d’Europe SAS, announced signing of financing agreements for initial stage of Phase 1 construction on Villages Nature.Project backed by institutional investors, plus minority financing from two groups.Construction can now begin on initial stage of the development, which is targeted to open in 2016.Villages Nature is European eco-tourism destination designed for short and medium-length stays located 32 kilometers east of Paris in Seine-et-Marne.  Full Article

Pierre Et Vacances SA renews and raises syndicated loan
Friday, 14 Feb 2014 02:30am EST 

Pierre Et Vacances SA:Says to have signed on Feb. 13 definitive agreements with its partner banks to renew the syndicated loan due to mature in June 2015.Says the new 185 million euros bank financing, set to mature in 2019, is higher than the remaining commitment from lending banks for the previous syndicated loan (130 million euros on Dec. 31, 2013).  Full Article

Pierre Et Vacances SA announces its convertible bond issue over-alloted up to 115 mln euros
Wednesday, 5 Feb 2014 12:00pm EST 

Pierre Et Vacances SA:Says the Joint Lead Managers and Joint Bookrunners of the company's offering of ORNANEs launched on Feb. 4 have informed the company that they are exercising in full the over-allotment option granted to them.Says the total nominal amount of the bonds issue is thus increased to 115,000,010.52 euros, corresponding to 3,157,606 bonds.Says the expected date of issue and settlement and delivery of the bonds is Feb. 12.  Full Article

Pierre Et Vacances SA announces final terms of convertible bond issue
Tuesday, 4 Feb 2014 08:53am EST 

Pierre Et Vacances SA:Announces final terms of its offering of convertible bonds (ORNANES) due Oct. 1, 2019.Says the offering is for about 100 million euros, which may be increased up to a maximum nominal amount of about 115 million euros in case of full exercise of the 15 percent over-allotment option.Says the nominal value per Bond has been set at 36.42 euros.Says the Bonds will bear interest at an annual nominal rate of 3.50 percent, payable semi-annually in arrear on Apr. 1 and Oct. 1 of each year.Says the bonds will be issued at par on Feb. 12.Says BNP Paribas, Credit Agricole Corporate and Investment Bank and Natixis are acting as Joint Lead-Mangers and Joint Bookrunners.  Full Article

Pierre Et Vacances SA issues convertible bonds
Tuesday, 4 Feb 2014 02:45am EST 

Pierre Et Vacances SA:Launches the issuance of bonds convertible into new and/or existing shares (ORNANE) for the total amount of 100 million euros, with the possible extension up to 115 million euros in case of full exercise of the greenshoe option.Says the bonds will mature on Oct. 1, 2019.Says BNP PARIBAS, Credit Agricole Corporate and Investment Bank and Natixis are acting as Joint Lead-Mangers and Joint Bookrunners.  Full Article

Pierre Et Vacances SA proposes share repurchase program; proposes no FY 2012/2013 dividend
Sunday, 2 Feb 2014 07:00pm EST 

Pierre Et Vacances SA:Says to propose the terms of a share repurchase program to its Mixed General Shareholders' Meeting on Mar. 13.Says the total number of shares acquired under the terms of the program may not exceed 10 percent of the share capital (882,155 shares as at Dec. 31, 2013).Sets maximum price per share at 70 euros.Sets the total maximum which may be spent on the program at 61,750,850 euros.Proposes no dividend for FY 2012/2013.Says did not pay a dividend for FY 2011/2012.  Full Article

Pierre Et Vacances SA Shares Climb Following Q3 2013 Results-Reuters
Thursday, 17 Oct 2013 08:00pm EDT 

Reuters reported that shares in Pierre Et Vacances SA climbed following better than expected revenue results for the third quarter of fiscal year 2013. At 12:35 on October 18, 2013 the Company's shares were up 10.69%.  Full Article

Pierre Et Vacances SA Announces Sale of Cottages at Center Parcs in Vienne
Thursday, 17 Oct 2013 11:35am EDT 

Pierre Et Vacances SA announced that during the fourth quarter of 2013, two block sales of cottages at the Center Parcs village in the Vienne region (France) to institutional investors were signed for a total of EUR 36.5 million before tax. These two signings brought the amount of cottage sales to institutional investors to EUR 156.9 million before tax and the off-plan marketing rate at 65% (including reservations by individual investors).  Full Article

Pierre Et Vacances SA Updates on Centre Parcs Project in Vienne
Wednesday, 29 May 2013 04:00pm EDT 

Pierre Et Vacances SA announced further details of its Centre Parcs project in France's Vienne region. On 29 March, 2013 the commercial lease and the off-plan sales promise for sporting and leisure facilities were signed with a semi-public company owned primarily by the Vienne department, the Poitou-Charentes region and the Caisse des Depots et Consignations. On 15 May, 2013 the off-plan sales agreement for sporting and leisure facilities was signed with the semi-public company for EUR130 million.  Full Article

Pierre Et Vacances SA Announces Centre Parcs Project in Vienne
Wednesday, 16 Jan 2013 11:35am EST 

Pierre Et Vacances SA announced that it has started the sale of the 800 cottages which make up the Centre Parcs project in Vienne to institutional investors and members of the public. 340 cottages have been reserved, representing a net value of EUR 95 million. Work on the project is to begin in the first quarter of 2013, and the site will open in the second quarter of 2015.  Full Article

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