Sopra Stéria intends to acquire an equity stake representing 11.4% of CS share capital by converting its convertible bonds


The existing industrial and commercial partnership is confirmed


As previously announced in its press release of 10 March 2017, CS is considering a targeted external growth strategy focusing on its core businesses.

In view of this, Sopra Steria Group declared its intent to convert into shares the CS convertible bonds it holds, thereby giving it access to 11.39* of the share capital, and has stated that it would consider backing the company in the event of an equity increase related to its growth plans.

In this context, Duna & Cie and Sopra Steria Group have indicated to CS that they will replace the current agreement on convertible bonds with a reciprocal preemptive right, which may only be exercised from 1 January 2018, with the option for each party to request an initial offer from the other party for its stake in CS. Duna & Cie and Sopra Steria do not intent to act in concert vis-à-vis CS.

These changes confirm the existing industrial and commercial partnership between CS and Sopra Steria Group.

*On the basis of a share capital of 17,346,547 shares on 1 June 2017

 CS is a major actor in the design, integration and operation of mission-critical systems. CS is listed on the Euronext Paris stock exchange – Compartment C (Shares: Euroclear 7896 / ISIN FR 0007317813). For more information, please go to: www.c-s.fr.
 
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