Intelligence Feed event · Equity · 2026-10-07

    Elis Converts 99.1% of EUR 380M 2029 OCEANEs, Issuing 23.57M Shares

    Question

    Elis Converts 99.1% of EUR 380M 2029 OCEANEs, Issuing 23.57M Shares

    Direct answer

    European services provider Elis published final results for the conversion and exchange of its EUR 380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 of the 3,800 outstanding bonds, representing a 99.13% take-up rate. The settlement involved delivering 23,569,556 shares, funded primarily through 18.1 million treasury shares alongside 5.5 million newly created shares, minimizing immediate secondary market share dilution.

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

    Cite as: Market Ontology, “Elis Converts 99.1% of EUR 380M 2029 OCEANEs, Issuing 23.57M Shares”, revision 1, evidence through 2026-10-07. https://marketontology.com/market-events/2026-10-07/elis-converts-99-1-of-eur-380m-2029-oceanes-issuing-23-57m-shares-bb9f97

    EQUITY
    Elis Converts 99.1% of EUR 380M 2029 OCEANEs, Issuing 23.57M Shares
    European services provider Elis published final results for the conversion and exchange of its EUR 380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 of the 3,800 outstanding bonds, representing a 99.13% take-up rate. The settlement involved delivering 23,569,556 shares, funded primarily through 18.1 million treasury shares alongside 5.5 million newly created shares, minimizing immediate secondary market share dilution.
    ELSYY
    Impact
    63
    OCT 7
    SIG
    92%
    ELSYY
    Elis Converts 99.1% of EUR 380M 2029 OCEANEs, Issuing 23.57M Shares
    European services provider Elis published final results for the conversion and exchange of its EUR 380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 of the 3,800 outstanding bonds, representing a 99.13% take-up rate. The settlement involved delivering 23,569,556 shares, funded primarily through 18.1 million treasury shares alongside 5.5 million newly created shares, minimizing immediate secondary market share dilution.
    → Debt-to-equity conversion of EUR 380M in convertible notes lowers annual interest expense while absorbing 18.1M treasury shares and adding 5.5M new common shares to the float.
    Impact
    European services provider Elis published final results for the conversion and exchange of its EUR 380 million 2.25% OCEANE bonds due 2029. Holders tendered 3,767 of the 3,800 outstanding bonds, representing a 99.13% take-up rate. The settlement involved delivering 23,569,556 shares, funded primarily through 18.1 million treasury shares alongside 5.5 million newly created shares, minimizing immediate secondary market share dilution.
    Affected
    ELSYY
    Transmission
    Debt-to-equity conversion of EUR 380M in convertible notes lowers annual interest expense while absorbing 18.1M treasury shares and adding 5.5M new common shares to the float.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    ELSYYdeleveraging and interest expense elimination via debt conversionUp1-4w99.13% of EUR 380 million 2.25% convertible bonds converted into equity.

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    What happened next

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

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

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