Elis to Redeem Convertible Bonds Early

Elis has announced the early redemption of its €380 million bonds convertible into new or existing shares, initially due in 2029. The redemption is set for October 13, 2026. These bonds, known by their ISIN FR001400AFJ9, carry an annual interest rate of 2.25%.

Bondholders have the option to convert their bonds into shares before October 2, 2026. Each bond can be exchanged for 6,256.8564 Elis shares. If not converted, bonds will be redeemed for €100,129.45 each, including accrued interest. As of now, 3,800 bonds are outstanding, all of which remain initially issued.

The early redemption option follows a condition where the average share price exceeded 130% of the bond's par value over 20 selected trading days. Elis will use shares from its recent buyback program, completed in July 2026, to fulfill conversion requests.