Press Release
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, IN AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA
LVMH – Notice to the holders of $750 million cash-settled synthetic convertible bonds due 2021 (ISIN code FR0013113073)
LVMH hereby informs the holders of the $750 million cash-settled synthetic convertible bonds due 2021 (ISIN code FR0013113073) (the « Bonds »):
- that it has received on 2 December 2019 a notification which triggers the procedure provided under 7.1(v) of the Terms and Conditions of the Bonds (the « T&C), to determine if the Trading Condition (as such term is defined in the T&C) is met during a period of 10 Scheduled Trading Days (the « Reference Period» as per 7.1(v) of the T&C).
Accordingly :
- the Reference Period runs from 3 December 2019 (included) until 16 December 2019 (included);
- as per 7.1(v) of the T&C, if the Trading Conditionis met, LVMH will inform the Bondholders on the second Scheduled Trading Day following the end of the Reference Period, i.e. on 18 December 2019;
- if the Trading Condition is met, Bondholders may exercise their Exercise Right (as defined under the T&C) for a period of 10 Scheduled Trading Days starting from 18 December 2019 (included).
