SoLocal Group: Additional Information Illustrating the Financial Restructuring Plan

BOULOGNE-BILLANCOURT, France--()--Regulatory News:

SoLocal Group (Paris:LOCAL) is providing some additional information illustrating the financial restructuring plan:

Rights Issue  

Debt Conversion into
Equity

 

Reserved Capital
Increase

 

Reinstated Debt & MCBs
(€m)

  Shareholders Warrants   Creditors Warrants

Participation
Rate

 

Amount of
Cash
Raised (€m)

  Issue Price  

Amount
(€m)

  Issue Price  

Amount
(€m)

  Issue Price  

Reinstated
Debt

  MCBs  

# of
Warrants
(m)

  Strike Price  

# of
Warrants
(m)

  Strike Price
-   -   € 1.00   400   € 1.00   164   € 2.14   400   200   39   € 1.50   45   € 2.00
75%   300   € 1.00   100   € 1.00   384   € 4.73   400   -   39   € 1.50   155   € 2.00
100%   400   € 1.00   -   € 1.00   384   € 4.73   400   -   39   € 1.50   155   € 2.00

Amount of
Cash Raised
(€m)

 

Existing # of
Shares (m)

  # of Shares (m) created through:  

# of Shares (m)
before dilution
from MCB and
Warrants

  # of Shares (m) created through:  

# of Shares (m)
after dilution
from MCB and
Warrants

        Rights Issue  

Debt
Conversion

 

Reserved
Capital
Increase

   

MCB
Redemption

 

Shareholders
Warrants
Exercise

 

Exercise of
Creditors
Warrants

 
-   39   -   400   77   516   100   39   45   699
300   39   300   100   81   520   -   39   155   713
400   39   400   -   81   520   -   39   155   713

About SoLocal Group
SoLocal Group, European leader in local online communication, reveals local know-how, and boosts local revenues of businesses. The Internet activities of the Group are structured around two business lines: Local Search and Digital Marketing. With Local Search, the Group offers digital services and solutions to clients which enable them to enhance their visibility and develop their local contacts. Thanks to its expertise, SoLocal Group earned the trust of some 530,000 clients of those services and over 2.2 billions of visits via its 4 flagship brands (PagesJaunes, Mappy, Ooreka and A Vendre A Louer) but also through its partnerships. With Digital Marketing, SoLocal Group creates and provides Internet users with the best local and customised content about professionals. With over 4,400 employees, including a salesforce of 1,900 local communication advisors specialised in five verticals (Home, Services, Retail, Health & Public, BtoB) and Internationally (France, Spain, Austria, United Kingdom), the Group generated in 2015 revenues of 873 millions euros, of which 73% on Internet and ranks amongst the first European players in terms of Internet advertising revenues. SoLocal Group is listed on Euronext Paris (LOCAL). More information may be obtained at www.solocalgroup.com.

All financial data and indicators are published in details within the report of Consolidated financial information as of 30 June 2016 which is available on the corporate website, www.solocalgroup.com (finance area).
This press release contains forward-looking statements. Any forward-looking statement does not constitute forecasts as defined in European regulation (EC) 809/2004. Although SoLocal Group feels that its estimates are based upon assumptions which we believe to be reasonable, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in said forward-looking statements. For a discussion of risks and uncertainties which could cause actual results, financial condition, performance or achievements of SoLocal Group to differ from those contained in the forward-looking, please refer to the "Risk factors" section of the "Document de Référence" filed with the French financial markets authority (AMF) and available on the Internet sites of the AMF (www.amf-france.org) and of SoLocal Group (www.solocalgroup.com). Accounting data represented on an annual basis in audited consolidated form and on an quarterly basis in unaudited consolidated form.

Contacts

SoLocal Group
Press
Delphine Penalva, +33 (0)1 46 23 35 31
dpenalva@SoLocal.com
or
Edwige Druon, +33 (0)1 46 23 37 56
edruon@SoLocal.com
or
Investors
Elsa Cardarelli, +33 (0)1 46 23 40 92
ecardarelli@SoLocal.com

Contacts

SoLocal Group
Press
Delphine Penalva, +33 (0)1 46 23 35 31
dpenalva@SoLocal.com
or
Edwige Druon, +33 (0)1 46 23 37 56
edruon@SoLocal.com
or
Investors
Elsa Cardarelli, +33 (0)1 46 23 40 92
ecardarelli@SoLocal.com