Change of Control at Fnac Darty: OCEANE Bond Holders Alerted

Fnac Darty has informed holders of its convertible and/or exchangeable bonds (OCEANE) issued on March 23, 2021, of a change of control following the voluntary public tender offer filed by EP FR HoldCo. EP FR HoldCo, which holds 69.3% of the share capital, initiated this significant change.

Bondholders have until December 11, 2026, to exercise the early redemption option, allowing them to recover their bonds at a price of €81.17985 per bond, including the face value and accrued interest. This involves a transfer of the securities to Uptevia, the designated centralizing agent.

Approximately €45.7 million of these bonds remain outstanding. Fnac Darty clarified that this procedure is separate from the public tender offer reopened by EP FR HoldCo.