Intelligence Feed event · Equity · 2026-10-07

    Elis Completes 99.1% Conversion of €380M 2029 Convertible OCEANEs

    Question

    Elis Completes 99.1% Conversion of €380M 2029 Convertible OCEANEs

    Direct answer

    European multiservice provider Elis announced the final outcome of the conversion and exchange exercise for its €380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 out of 3,800 bonds, representing a 99.13% conversion rate. The exchange was satisfied through the allocation of 18.1 million treasury shares and the issuance of 5.5 million new ordinary shares. The transaction de-levers Elis's balance sheet while keeping incremental equity dilution modest.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-07
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Elis Completes 99.1% Conversion of €380M 2029 Convertible OCEANEs”, revision 1, evidence through 2026-10-07. https://marketontology.com/market-events/2026-10-07/elis-completes-99-1-conversion-of-380m-2029-convertible-oceanes-d67da5

    EQUITY
    Elis Completes 99.1% Conversion of €380M 2029 Convertible OCEANEs
    European multiservice provider Elis announced the final outcome of the conversion and exchange exercise for its €380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 out of 3,800 bonds, representing a 99.13% conversion rate. The exchange was satisfied through the allocation of 18.1 million treasury shares and the issuance of 5.5 million new ordinary shares. The transaction de-levers Elis's balance sheet while keeping incremental equity dilution modest.
    ELSYY
    Impact
    56
    OCT 7
    SIG
    88%
    ELSYY
    Elis Completes 99.1% Conversion of €380M 2029 Convertible OCEANEs
    European multiservice provider Elis announced the final outcome of the conversion and exchange exercise for its €380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 out of 3,800 bonds, representing a 99.13% conversion rate. The exchange was satisfied through the allocation of 18.1 million treasury shares and the issuance of 5.5 million new ordinary shares. The transaction de-levers Elis's balance sheet while keeping incremental equity dilution modest.
    → Debt-to-equity conversion retires €380 million in bond liabilities and eliminates interest expense, while issuing 5.5 million new shares.
    Impact
    European multiservice provider Elis announced the final outcome of the conversion and exchange exercise for its €380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 out of 3,800 bonds, representing a 99.13% conversion rate. The exchange was satisfied through the allocation of 18.1 million treasury shares and the issuance of 5.5 million new ordinary shares. The transaction de-levers Elis's balance sheet while keeping incremental equity dilution modest.
    Affected
    ELSYY
    Transmission
    Debt-to-equity conversion retires €380 million in bond liabilities and eliminates interest expense, while issuing 5.5 million new shares.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    ELSYYdebt de-leveraging and interest expense eliminationUp1-4wElis announced 99.13% of €380M 2029 OCEANEs were converted into shares.

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

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