The theoretical impact of the issue and conversion of the OCEANEs Green bonds on the market value of the EDF share is +2.11% on a non-diluted basis and +2.11% on a diluted basis.
It was calculated on the basis of:
- a market price of 8.8275 euros per share of the Company, which is equal to the average of the closing prices of the twenty trading sessions preceding 8 September 2020 (launch date of the Issue);
- the issue of 219,579,139 OCEANEs Green bonds with a par value of 10.93 euros, and the conversion of all of said bonds into 219,579,139 new ordinary shares of the Company (1 ordinary share for 1 OCEANE Green bond);
- net proceeds of the issue of 2,558,334,835.86 euros.
The table below sets out, using the above assumptions, the theoretical impact of the issue and conversion of the OCEANEs Green bonds on the market value of the EDF share:
| Theoretical impact of the issue and conversion of the OCEANEs Green bonds on the market value of the EDF share | |
|---|---|
| Issue of the OCEANEs Green bonds | |
| Number of OCEANEs Green bonds issued | Number of OCEANEs Green bonds issued
219,579,139 |
| Share Allotment Ratio | Share Allotment Ratio
1 |
| Net proceeds from the issue of the OCEANEs Green bonds | Net proceeds from the issue of the OCEANEs Green bonds
€2,558,334,835.86 |
| Total number of ordinary EDF shares likely to be created through the conversion of the OCEANEs Green bonds | Total number of ordinary EDF shares likely to be created through the conversion of the OCEANEs Green bonds
219,579,139 |
| Position before the issue of the OCEANEs Green bonds (undiluted basis) | Position before the issue of the OCEANEs Green bonds (undiluted basis)
|
| Number of EDF shares before the issue of the OCEANEs Green bonds | Number of EDF shares before the issue of the OCEANEs Green bonds
3,103,621,086 |
| Market value of an EDF share resulting from the average of the closing prices of the twenty trading days preceding 8 September 2020 | Market value of an EDF share resulting from the average of the closing prices of the twenty trading days preceding 8 September 2020
€8.8275 |
| Market value of EDF before the Issue | Market value of EDF before the Issue
€27,397,215,137 |
| Position after the issue and conversion of the OCEANEs Green bonds (undiluted basis) | Position after the issue and conversion of the OCEANEs Green bonds (undiluted basis)
|
| Total number of EDF shares after the issue and conversion of the OCEANEs Green bonds | Total number of EDF shares after the issue and conversion of the OCEANEs Green bonds
3,323,200,225 |
| Theoretical value of an EDF share after the issue and conversion of the OCEANEs Green bonds | Theoretical value of an EDF share after the issue and conversion of the OCEANEs Green bonds
€9.0141 |
| Theoretical market value of EDF after the issue and conversion of the OCEANEs Green bonds | Theoretical market value of EDF after the issue and conversion of the OCEANEs Green bonds
€ 29,955,549,973 |
| Theoretical impact of the issue and conversion of the OCEANEs Green bonds | Theoretical impact of the issue and conversion of the OCEANEs Green bonds
2.11% |
| Position after the issue and conversion of the OCEANEs Green bonds (diluted basis(1)) | Position after the issue and conversion of the OCEANEs Green bonds (diluted basis(1))
|
| Total number of EDF shares after the issue and conversion of the OCEANEs Green bonds | Total number of EDF shares after the issue and conversion of the OCEANEs Green bonds
3,323,200,225 |
| Theoretical value of an EDF share after the issue and conversion of the OCEANEs Green bonds | Theoretical value of an EDF share after the issue and conversion of the OCEANEs Green bonds
€9.0141 |
| Theoretical market value of EDF after the issue and conversion of the OCEANEs Green bonds | Theoretical market value of EDF after the issue and conversion of the OCEANEs Green bonds
€29,955,549,973 |
| Theoretical impact of the issue and conversion of the OCEANEs Green bonds | Theoretical impact of the issue and conversion of the OCEANEs Green bonds
2.11% |
Done in Paris, 6 November 2020
The Board of Directors
(1) Assuming that there are no dilutive instruments other than the OCEANEs Green bonds.
