Size: EUR 100 million
Coupon: 5.5%
Conversion premium: 22.5%
Getronics N.V. ("Getronics" or the "Company") announces the successful offer of its EUR 100 million unsubordinated Convertible Bonds due 2008 (the “Bonds”). The offer was oversubscribed and Getronics has achieved favourable terms with respect to the coupon payable and the conversion premium. The net proceeds of the offer of the Bonds will be used to facilitate the refinancing of the Company’s existing debt.
CONVERTIBLE BONDS
The maturity of the Bonds is 5 years. The Bonds will be issued at 100 per cent of the principal amount and will have a cash interest coupon of 5,5 per cent per annum payable annually. The conversion price is set at EUR 1.58, representing a conversion premium of approximately 22.5 per cent over the Value Weighted Average Price during bookbuilding (or ‘over the reference price’). The Bonds will represent a maximum of 15.5% of Getronics issued share capital.
The Bonds have been offered to institutional investors only. The Bonds have not been offered to investors in the United States, Australia, Canada or Japan. The Bonds have not been and will not be registered under the U.S. Securities Act 1933, as amended (the "Securities Act") and have only been offered and sold only outside the United States in compliance with Regulation S under the Securities Act.
Application has been made for the Bonds to be admitted to the Official segment of the Stock Market of Euronext Amsterdam N.V. Listing and settlement are expected to occur on or around 5th of November 2003. Getronics will publish a Prospectus shortly before that, in order to meet the listing requirements.
ABN AMRO Rothschild has acted as Sole Bookrunner and Lead Manager. Stibbe, and Herbert Smith acted as legal advisor on behalf of the Company.
As previously communicated, the Company expects to announce its complete unaudited third quarter results on 5 November 2003.

Dit moet voor de beleggers vertrouwen geven en dat zal de koers van het aandeel Getronics ook laten zien de komende tijd is onze verwachting (red.)