NEW YORK, June 5, 2014 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC), together with its wholly owned direct finance subsidiary, Omnicom Capital Inc., today announced that they have issued a notice of redemption for any and all of their $252,772,000 aggregate principal amount of outstanding Zero Coupon Zero Yield Convertible Notes due 2032 (CUSIP Nos. 681919 AV8 and 681919 AM8) (the "Notes"). The redemption date is July 31, 2014, and the redemption price is 100% of the principal amount. As provided in paragraph 9 of the Notes, the Notes may be converted at any time before the close of business on July 29, 2014 at a conversion rate of 18.373 shares (subject to adjustment as provided in the indenture governing the Notes) of Omnicom Group Inc.'s common stock (CUSIP No. 681919106), par value $.15 per share ("OGI Common Stock"), which trades on the New York Stock Exchange under the symbol "OMC," per $1,000 aggregate principal amount of Notes. Holders who want to convert Notes must satisfy the requirements set forth in paragraph 9 of the Notes. Omnicom Group Inc. will pay the principal amount due upon conversion in cash and has irrevocably elected to satisfy any premium due with shares of OGI Common Stock, with any fractional shares payable in cash. In addition, as previously announced, contingent cash interest of $2.81 per $1,000 principal amount of Notes is payable on July 31, 2014 to holders of record of the Notes as of July 15, 2014.
About Omnicom Group Inc.
Omnicom Group Inc. (NYSE: OMC) is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
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