Cancellation of the General Meetings of Holders of 2028 Notes and 2031 Notes Issued by Verallia
Verallia (Paris:VRLA) announces today that the general meetings of holders of 2028 Notes and 2031 Notes 1 issued by Verallia, convened on April 28, 2025 2 to be held on May 13, 2025, have been cancelled.
As a result, participation forms received to date will not be taken into account.
It is reminded that these general meetings of holders of each Series of Notes were called to vote on the approval of a proposal to waive the right of each noteholder to exercise, in accordance with Condition 5(c) ' Redemption at the option of the Noteholders following a Change of Control ' of the terms and conditions of each Series of Notes, their put option in the event of a change of control of the Company resulting from the tender offer initiated by BWGI, filed with the Autorité des marchés financiers on April 24, 2025.
It is reminded that on April 23, 2025, Verallia has entered into a ' certain funds ' bridge loan agreement with a banking syndicate, in order to cover the financing of the potential redemption of notes for which the put option would be exercised 3.
In the event that all or part of the credit lines made available under the bridge loan agreement are drawn down by Verallia, Verallia intends to refinance these loans by arranging, as the case may be, new bank and/or bond financing.
About Verallia
At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all.
With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024.
Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO 2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement.
Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable.
Disclaimer
This press release does not contain, nor does it constitute, an offer of securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction.
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You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@verallia.com. Press releases will still be available via the website https://www.verallia.com/en/investors/.
Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@verallia.com. If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France's regulatory body).
1 €500,000,000 1.625 per cent. Sustainability Linked Notes due 14 May 2028 (ISIN: FR0014003G27 / Common Code: 234202227) (the '2028 Notes') and €500,000,000 1.875 per cent. Sustainability Linked Notes due 10 November 2031 (ISIN: FR0014006EG0 / Common Code: 240703769) (the '2031 Notes', and together with the 2028 Notes, the 'Notes' and each, a 'Series')
2 See Verallia's press release published on April 28, 2025.
3 See Verallia's press release published on April 24, 2025 and paragraph 8.10.3 of the draft response note filed by Verallia with the Autorité des marchés financiers on April 28, 2025.
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