Targeted Securities:
(i) €55,000,000 long-term private placement of bonds under French law (simple bonds), issued by Vallourec in August 2012, bearing an annual interest of 4.125% and maturing on August 2, 2027 (ISIN: FR0011292457) ;
(ii) €500,000,000 bond issue under French law (simple bonds), issued by Vallourec in September 2014, bearing an annual interest of 2.250% and maturing on September 30, 2024 (ISIN: FR0012188456) ;
(iii) €250,000,000 bond issue under French law with an option to convert and/or exchange it for new and/or existing shares (OCEANE), bearing an annual interest of 4.125%, issued by Vallourec in September 2017, maturing on 4 October, 2022 (ISIN: FR0013285046) ;
(iv) €550,000,000 high yield bond issue under New York State law, bearing an annual interest of 6.625%, issued by Vallourec in October 2017, maturing on October 15, 2022 (ISIN: XS1700480160 / XS1700591313) ;
(v) €400,000,000 high yield bond issue under New York State law, issued by Vallourec in April 2018, bearing an annual interest of 6.375%, maturing on October 15, 2023 (ISIN: XS1807435026 / XS1807435539) ;
Dear Locked up holders,
Vallourec S.A. has announced its Safeguard Plan Vote last Friday (March 12, 2021). Your Prime Broker / Custodian should have notified you accordingly.
The Safeguard Plan Vote is one of the steps of the Restructuring which requires your support.
By entering into the Lock Up Agreement, you contractually agreed to vote your positions in the Targeted Securities in favour of the Safeguard Plan.
Voting Procedures
All instructions must be submitted to your Prime Broker / custodian who will in turn instruct either Euroclear Bank or Clearstream.
If you hold a position in the Oceane 2022, the 2024 Bonds or 2027 Bonds
outside Euroclear Bank or Clearstream, you must send us via
[email protected] a duly executed proxy form and a book-entry certificate of your position as of the Record Date before the Submission End Date.
Your positions will
not be blocked as they are based on the Record Date below.
Timetable
Record Date: 11.59 pm Paris time on March 19, 2021
Submission End Date: 3.00 pm Paris time on March 26, 2021
Meeting Date: 4.00 pm Paris time on March 29, 2021
Please ensure your instructions to vote in favour are in place with your custodian(s) no later than 3.00 pm Paris time on March 26, 2021.
Documentation and access to the Data Room
All the documents related to the Safeguard Plan are available in the Data Room.
Please go on our website
www.lucid-is.com/vallourec and click on “Data Room”.
The password to access the Data Room is
fktNVEkfwEtK
In case of any questions, please do not hesitate to contact us.
With kind regards,
Thomas Choquet
Lucid Issuer Services Limited
www.lucid-is.com
T: + 44 20 7704 0880
E:
va
