ATTENZIONE - ATTENZIONE.....
MAIL APPENA RICEVUTA
865,000,000 57⁄8% Senior Secured Notes due 2024 (the “Euro Fixed Rate Notes”)
€375,000,000 Senior Secured Floating Rate Notes due 2024 (the “Euro Floating Rate Notes”)
CHF 250,000,000 57⁄8% Senior Secured Notes due 2024 (the “CHF Notes”)
Issued by Selecta Group B.V.
Regulation S Notes:
Euro Fixed Rate Notes: XS1756356371
Euro Floating Rate Notes: XS1756359045
CHF Notes: XS1756227309
Scheme Creditor: **********
Email: **********
In our capacity as Information Agent, we are sending this email as a courtesy to notify you of your entitlements in respect of the Scheme of Arrangement between Selecta Finance UK Limited and its Scheme Creditors.
What will I receive?
New First Lien Notes: €47,182
New Second Lien Notes: €16,320
Preference Shares Class A1: 5,463
Preference Shares Class A2: 10,925
Lock-up Fees
Locked-up EUR SSN position: €100,000
Lock-up Fee: €250.00
Locked-up CHF SSN position: CHF0
Lock-Up Fee: CHF0.00
ISIN for the New Notes are below:
New First Lien Notes (EUR) - Reg S XS2249858940 and 144A XS2249859245
New Second Lien Notes (EUR) - Reg S XS2249859328 and 144A XS2249859591
You elected
Reg S/144A in your Account Holder Letter
The minimum denominations and multiples of the Notes are as follows:
New First Lien Notes: €10,000 and €1
New Second Lien Notes: €10,000 and €1
There is no ISIN for the Preference Shares as they are not listed or cleared.
You are only entitled to the Preference Shares if you satisfied the KYC requirements of Avega S. à r .l. before 27 October 2020.
Calculations
Your Scheme Claim: €100,000
Holders of Existing EUR SSNs: Your Scheme Claim is equal to the aggregate principal amount of Existing SSNs you held as of the Voting Record Time.
Holders of Existing CHF SSNs: Your Scheme Claim is equal to the aggregate principal amount of Existing CHF SSNs you held as of the Voting Record Time multiplied by the CHF/EUR exchange rate as at 19 October 2020 being 0.93220.
New First Lien Notes:
· Exchange Ratio: 47.18282319% x your Scheme Claim
· Resulting amount is rounded down to the nearest unit.
New Second Lien Notes:
· Exchange Ratio: 16.32097926% x your Scheme Claim
· Resulting amount is rounded down to the nearest unit.
Preference Shares:
· Exchange Ratio: 16.38898334% x your Scheme Claim
· Resulting amount is rounded down to the nearest unit.
· 1/3 of the resulting amount is allocated in Class A1 shares and the remaining 2/3 being allocated in Class A2 shares (resulting amounts of A1 and A2 shares are rounded)
Lock-up Fee
· If you acceded to the Lock-up Agreement before 21 September 2020 or purchased locked-up notes from someone who did, you are entitled to the Lock-Up Fee, equal to 0.25% of your locked-up position specified above.
Proceeds have been allocated as per the Explanatory Statement available via
www.lucid-is.com/selecta
Lucid is not authorised to provide any further breakdown, calculation methodology or pricing information with respect to the entitlements described above. If you have questions on your entitlements, you are requested to speak with your independent financial and/or legal advisors.
When?
On or around 29 October 2020.
How?
You, or your Nominated Recipient, will receive the New First Lien Notes, New Second Lien Notes and any Lock-up Fees via your custodian bank or broker in Euroclear or Clearstream. All Existing SSNs will be removed from your accounts on settlement.
The Preference Shares issued by Selecta Group Finco S.A. will not be eligible in Euroclear or Clearstream – If you or your nominated recipient do not already have an account on our platform, you will receive an email from
[email protected] with details of how to request statements and transfer your Preference Shares. This is expected by close of business on 30 October 2020.
Any queries in respect of the Preference Shares should be emailed to
[email protected]
IMPORTANT: Please read the following:
· Terms and conditions of the Notes are described in the Revised Notes Term Sheet, available in the Explanatory Statement via
www.lucid-is.com/selecta
· Terms and conditions of the Preference Shares are described in the Revised Equity Term Sheet, available in the Explanatory Statement via
www.lucid-is.com/selecta
· The Shares are not eligible to be held via your custodian or prime broker.
· Registration via this
link may be required before you can access these materials.
Lucid Issuer Services Limited
Information Agent
www.lucid-is.com/selecta
E:
[email protected]
