An amount equal to the net proceeds of the Issue shall be used, directly or indirectly, to finance and/or refinance, in whole or in part, new or existing eligible projects as defined in EDF’s Green Bond Framework. The existing eligible projects that may be refinanced through this Issue, with a maximum look-back period of three years preceding the year of Issue of the OCEANEs Green bonds, represent approximately €1.5 billion, in accordance with EDF’s Green Bond Framework.
This issue may also contribute to the strengthening of the Company’s shareholders’ equity, in the event that the holders of the OCEANEs Green bonds exercise their conversion option, resulting in the issue of new shares of the Company.
The following table sets out, for illustrative purposes, the impact of the issue of new ordinary shares on the proportionate share of equity per share in the event that the Share Allotment Right is exercised for all of the OCEANEs Green bonds and theCompany chooses to deliver only new ordinary shares of the Company.
The calculations are made on the basis of:
(i) equity as shown in the company and consolidated financial statements as at 30 June 2020;
(ii) 3,098,609,774 shares on an undiluted basis as at 30 June 2020, i.e. 3,103,621,086 shares making up the share capital at said date less 5,011,312 treasury shares held at 30 June 2020; and
(iii) assuming a Share Allotment Ratio of 1.
Prior to the issue | After the issue and conversion of the OCEANEs Green bonds | |
|---|---|---|
| Parent company shareholders’ equity of EDF S.A. (in euros) | Parent company shareholders’ equity of EDF S.A. (in euros) Prior to the issue 38,932,716,919.38 | Parent company shareholders’ equity of EDF S.A. (in euros) After the issue and conversion of the OCEANEs Green bonds 41,491,051,755.27 (1) |
| Consolidated shareholders’ equity (group share) (in million euros) | Consolidated shareholders’ equity (group share) (in million euros) Prior to the issue 44,864 | Consolidated shareholders’ equity (group share) (in million euros) After the issue and conversion of the OCEANEs Green bonds 47,422 (1) |
| Number of shares - undiluted basis | Number of shares - undiluted basis Prior to the issue 3,098,609,774 | Number of shares - undiluted basis After the issue and conversion of the OCEANEs Green bonds 3,318,188,913 |
| Number of shares - diluted basis(2) | Number of shares - diluted basis (2)Prior to the issue 3,098,609,774 | Number of shares - diluted basis (2)After the issue and conversion of the OCEANEs Green bonds 3,318,188,913 |
| Share of parent company shareholders’ equity per share - undiluted basis | Share of parent company shareholders’ equity per share - undiluted basis Prior to the issue €12.56 | Share of parent company shareholders’ equity per share - undiluted basis After the issue and conversion of the OCEANEs Green bonds €12.50 |
| Share of parent company shareholders’ equity per share - diluted basis | Share of parent company shareholders’ equity per share - diluted basis Prior to the issue €12.56 | Share of parent company shareholders’ equity per share - diluted basis After the issue and conversion of the OCEANEs Green bonds €12.50 |
| Share of consolidated shareholders’ equity per share - undiluted basis | Share of consolidated shareholders’ equity per share - undiluted basis Prior to the issue €14.48 | Share of consolidated shareholders’ equity per share - undiluted basis After the issue and conversion of the OCEANEs Green bonds €14.29 |
| Share of consolidated shareholders’ equity per share - diluted basis | Share of consolidated shareholders’ equity per share - diluted basis Prior to the issue €14.48 | Share of consolidated shareholders’ equity per share - diluted basis After the issue and conversion of the OCEANEs Green bonds €14.29 |
The following table sets out, for illustrative purposes, the impact of the issue of new ordinary shares on the stake of a shareholder who has not subscribed to the issue of the OCEANEs Green bonds and who holds 1% of the share capital of the Company as at 30 June 2020, in the event that the Share Allotment Right is exercised for all of the OCEANEs Green bonds and the Company chooses to deliver only new ordinary shares of the Company.
The calculations are made on the basis of:
(i) 3,103,621,086 shares making up the Company’s share capital as at30 June 2020; and
(ii) assuming a Share Allotment Ratio of 1.
Shareholder stake (as a%) | Prior to the issue | After the issue and conversion of |
|---|---|---|
| Undiluted basis | Undiluted basis Prior to the issue 1% | Undiluted basis After the issue and conversion of 0.93% |
| Diluted base(3) | Diluted base (3)Prior to the issue 1% | Diluted base (3)After the issue and conversion of 0.93% |
(1) The nominal amount of the Issue is 2,399,999,989.27 euros and the net proceeds of the Issue are 2,558,334,835.86 euros.
(2) Assuming that there are no dilutive instruments other than the OCEANEs Green bonds.
(3) Assuming that there are no dilutive instruments other than the OCEANEs Green bonds.
