Obbligazioni perpetue e subordinate Ristrutturazione Perpetual Bond Lupatech USG57058AA01 (1 Viewer)

gionmorg

low cost high value
Membro dello Staff
il bond verrà sostituito per il 15% da un altro bond e per un 85% da azione o adr.la differenza é che l'azione sarà quotata in Brasile e da qui non potremmo trattarla,mentre l'adr é la stessa azione ma quotata in America e quindi trattabile dalle nostre banche .
Quindi ogni 1000$ mi danno:

150$ di un nuovo bond dalle condizioni ancora misteriose
850$ di adr, scelta più consona a noi, ma con quale valore?

Ho appena inviato una mail all'ir, vediamo che dice.
 

gionmorg

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Risposta IR

Dear Gionata.

Thank you for your contact.
As per your demand:

1- 1000 USD bonds = 1000 USD shares. Each share will cost 0.25 BRL , so considering an exchange rate of 2,5 to make it simple, 1000 USD= 2500 BRL = 10000 shares.
So, answering your question, 1000 USD bonus = 1000 USD shares = 10000 at an exchange rate of 2,5, which is just an assumption.

2- The price of the share will be 0.25 BRL each.

3- OTC

Did that answer your questions?

Kindest regards,

Vanessa

Descrição: cid:[email protected]


Vanessa Scampini

Dopo

Dear Gionata,

In the calculation of item 1, I forgot to make it clear that from all the bonds held, only up to 85% of the bonds become equity.

Making it simple with a numerical example, considering the same assumptions mentioned before, it becomes:

1- 1000 USD bonds x0,85% = 850 USD convertible to shares, therefore 850 USD shares, at 0,25 BRL each, considering the assumed conversion rate of 2,5, 2125 BRL shares = 8500 shares.

Was that clear enough?

Kindest regards,

Vanessa Scampini
 

gionmorg

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Nova Odessa, June 23, 2014 - Lupatech S.A. (BM&FBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech Finance LTD 97/8 Perpetual Bonds: ISIN USG57058AA01) ("Lupatech" or the "Company"), announces to its shareholders and the Market in general that the Company has decided to extend the period for remaining bondholders to respond to the invitation to elect to receive common shares of the Company (the "Common Shares") or American Depositary Receipts representing Common Shares, in accordance with its joint pre-packaged plan of reorganization to restructure the Perpetual Bonds.

As a result, the deadline for remaining bondholder responses is now July 31, 2014.

Lupatech´s Investor Relations Department is available for any clarifications.

This announcement is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of any offering or conduct a public offering of securities in the United States.
 

gionmorg

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Nova Odessa, June 27, 2014 - Lupatech S.A. (BM&FBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech Finance LTD 97/8 Perpetual Bonds: ISIN USG57058AA01) ("Lupatech" or the "Company"), announces to its shareholders and the Market in general that yesterday the US Court recognized the Pre-Packaged Reorganization Plan ("Plan") proceeding in Brazil of the Company and its subsidiaries as a foreign main proceeding, and an automatic stay is now in place preventing any parties from taking enforcement actions against the Company and its subsidiaries in the United States of America. The order enforced does not represent Plan´s homologation in the US Court, nevertheless, carachterizes an important progress within the process.

Moreover, the Company clarifies and reinforces that with regard to the Material Fact disclosed to the market on June 23, 2014, the extension of period for remaining bondholders to respond to the invitation to elect to receive common shares of the Company (the "Common Shares") or American Depositary Receipts representing Common Shares, does not result in any postponement of the deadline for implementation of the debt restructuring plan of the Company.

In fact, it consists of a proceeding that takes place in parallel with the legal procedures of the Plan and, therefore, does not change, nor delays the foreseen timeline for the implementation of the Plan already released to the market.

Lupatech´s Investor Relations Department is available for any clarifications.
 

gionmorg

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Nova Odessa, July 14, 2014 - Lupatech S.A. (BM&FBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech Finance LTD 97/8 Perpetual Bonds: ISIN USG57058AA01) ("Lupatech" or the "Company"), announces to its shareholders and the market in general that, pursuant to the Company's restructuring of its financial debt and capital structure, and to allow the implementation of the Pre-Packaged Reorganization Plan proceeding in Brazil of the Company and its subsidiaries (the "Plan"), the Company has entered into an investment agreement with two of its biggest financial creditors, which sets out the terms and conditions related to the capitalization of credits owned by such banks as part of the Company's capital increase in connection with the implementation of the Plan and its restructuring (the "Investment Agreement"). The capitalization of the credits owned by such creditor banks will occur under the capital increase, as previously disclosed in the material fact of November 5, 2013, which will soon subject to a resolution by the Company approving the Investment Agreement, and which is conditioned upon certain conditions to be fulfilled by such time that the capital increase has been completed.

Moreover, the U.S. Bankruptcy Court, sitting in the Southern District of New York, having jurisdiction to recognize the effects of the Plan within the United States, entered an order today recognizing and enforcing the Plan and the Brazilian court's homologation order within the United States pursuant to Chapter 15 of Title 11 of the United States Code.

The signing of the Investment Agreement and the recognition of the Plan by the U.S. Bankruptcy Court represent another important step in the process to restructure the financial debt and capital structure of the Company, which has now completed the judicial phase and is entering the implementation phase, with the Company's capital increase to be approved in the next days.

The Company will keep the market informed about new material events related to the information disclosed herein.

This announcement is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of any offering or conduct a public offering of securities in the United States.

For further information, please contact Lupatech's Investor Relations Department.



Thiago Piovesan

IRO

Lupatech S.A.
 

gionmorg

low cost high value
Membro dello Staff
São Paulo, August 14, 2014 - Lupatech S.A. (BM&FBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech Finance LTD 97/8 Perpetual Bonds: ISIN USG57058AA01) ("Lupatech" or "Company"), one of the largest Brazilian supplier of products and services for the oil and gas sector, announces its second quarter and first semester of 2014 results (2Q14 and 6M14).

To access 2Q14 Earnings Release, click here.

Highlights:

Net revenues of R$ 130.8 million in the 2Q14;
Gross Margin of 16.3%;
EBITDA and Adjusted EBITDA of (R$ 12.3 million) and R$ 3.8 million, respectively;
Net loss of R$ 121.8 million, 28.3% higher than the 1Q14;
Cash and Cash Equivalents decreasing 41.6%, R$ 14.7 million on 1Q14 to R$ 8.6 million in actual quarter;


2Q14 Conference Call and Restructuring Plan - August 18th Monday

9h00 a.m. New York Time / 10h00 a.m. São Paulo Time

To access 1214 webcast, click here.

Phone numbers:
Dial-in USA: +1 786 924-6977
Toll-free USA: +1 888 700-0802
Dial-in Brazil: +55 11 3193-1001 or 2820-4001
Code: Lupatech
 

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