GENFIT satisfied with the preliminary results of the partial buyback offer for its Oceanes

GENFIT satisfied with the preliminary results of the partial buyback offer for its Oceanes
GENFIT satisfied with the preliminary results of the partial buyback offer for its Oceanes

(AOF) – Genfit has announced that the reverse order book construction period of its offer to buy back part of its 6,081,081 bonds convertible and / or exchangeable into new and / or existing shares due October 16, 2022 was satisfactorily completed on the evening of November 27, 2020 as planned. The biotech will therefore now collect the Oceanes (Bond Repurchase Agreements) repurchase contracts as quickly as possible from investors who have communicated their orders to it and will announce the final results as soon as this process is completed.

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Oceane

Bonds convertible into new or existing shares allow their issuer to exchange the bonds for pre-existing shares. Océane generally have a lower rate than that of a traditional bond, since the bearer can benefit from the advantage of the conversion, and moreover, they avoid the risk of dilution of the capital for the issuer.

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