Atos SE Launches Capital Increase with Subscription Rights

Atos SE Launches Capital Increase to Strengthen Financial Stability

Atos SE is taking an important step in its financial restructuring process by announcing a capital increase totaling approximately €233 million. This initiative aims to provide the company with the necessary resources to sustain its operations and enhance financial stability in a challenging market environment.

Key Details of the Capital Increase

The capital increase will be implemented through the issuance of 63,062,910,405 new shares, priced at €0.0037 per share, which includes a nominal value of €0.0001 per share. Existing shareholders will receive subscription rights that allow them to maintain their proportional ownership in the company.

Subscription Rights and Terms

Shareholders will receive one subscription right for each share they hold as of the close of trading on November 13, 2024. A total of 24 existing shares will entitle shareholders to subscribe for 13,497 new shares. The subscription period will commence on November 14 and end on November 25, 2024, providing investors ample time to make their commitments.

Key Financial Guarantees

The proposed increase is backed by guarantees totaling €175 million from participating creditors. This assurance comes from two main components: €75 million in cash and €100 million through the offsetting of existing financial liabilities. These commitments reflect the creditors' confidence in the company's future prospects.

Strategic Importance of the Capital Increase

This capital increase is not just a financial maneuver; it's part of Atos SE's broader strategy to reshape its financial narrative. The funds will be directed toward general operational needs and initiatives outlined in the company’s updated business plan, aiming for a credit rating upgrade to BB by 2027 while simultaneously reducing the gross debt by €3.2 billion.

Impact on Financial Health

Upon completion, the capital increase will significantly enhance Atos’ liquidity, positioning the company for recovery and growth. The net proceeds from this issuance, estimated to be around €228 million, will allow Atos to strengthen its financial base, supporting upcoming projects and operational expenditures during these transformative times.

Timeline for the Capital Increase

Key dates for the capital increase process include:

• Rights Detachment: November 12, 2024
• Subscription Period: November 14 to November 25, 2024
• Issuance of New Shares: December 6, 2024

Shareholders and potential investors are encouraged to keep an eye on these dates to maximize their participation in this significant financial event.

Long-Term Goals and Projections

Atos SE is firmly committed to its long-term goals, aiming to improve operational efficiency and reduce the overall debt burden. The actions taken today are a testament to the company's resolve to emerge stronger from its current situation, aligning with its strategic vision for 2024 and beyond.

Frequently Asked Questions

What is the purpose of the capital increase?

The capital increase aims to strengthen Atos' financial stability and support ongoing operations amidst restructuring efforts.

How much capital is Atos looking to raise?

Atos intends to raise approximately €233 million through this capital increase.

Who will benefit from the subscription rights?

Existing shareholders will receive subscription rights, allowing them to maintain their proportional ownership in the company.

What is the price of the new shares?

The new shares will be issued at a price of €0.0037 each, which includes a nominal value of €0.0001.

When will the new shares be available for trading?

The new shares are expected to be available for trading on December 6, 2024.

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