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LVMH – “tap issue” of US$150 million of cash-settled synthetic convertible bonds due 2021.
In connection with the issue of non-dilutive cash-settled convertible bonds for a nominal amount of US$150m (the “New Bonds”) and, from the date which is expected to be not less than 40 days after their issue date, fully fungible with and assimilated to the US$600m non-dilutive cash-settled convertible bonds due 16 February 2021 issued by LVMH on 16 February 2016, LVMH hereby notifies the holders of the New Bonds of the following determinations and calculations:
- the Additional Issue Share Reference Price for the New Bonds is €153.5201;
- the reference FX rate (being the World Market Reuters fixing reference rate of exchange in respect of EUR:USD on 20 April 2016) is €1 = US$1.13335; and
- the Final TAP Price is US$260.6720 per New Bond.
Capitalised terms not otherwise defined herein shall have the meanings given to them in the pricing termsheet of the New Bonds dated 18 April 2016.