Under the Euro Medium Term Note Programme ... - Finance - EDF
Under the Euro Medium Term Note Programme ... - Finance - EDF
Under the Euro Medium Term Note Programme ... - Finance - EDF
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Summary<br />
listed and admitted to trading on a Regulated Market o<strong>the</strong>r than<br />
<strong>Euro</strong>next Paris, <strong>the</strong> relevant Final <strong>Term</strong>s will provide whe<strong>the</strong>r<br />
additional methods of publication are required and what <strong>the</strong>y consist<br />
of.<br />
Clearing Systems<br />
Selling Restrictions<br />
<strong>Euro</strong>clear France as central depositary in relation to Dematerialised<br />
<strong>Note</strong>s and, in relation to Materialised <strong>Note</strong>s, Clearstream,<br />
Luxembourg and <strong>Euro</strong>clear or any o<strong>the</strong>r clearing system that may<br />
be agreed between <strong>the</strong> Issuer, <strong>the</strong> Fiscal Agent and <strong>the</strong> relevant<br />
Dealer.<br />
There are restrictions on <strong>the</strong> sale of <strong>Note</strong>s and <strong>the</strong> distribution of<br />
offering material in various jurisdictions.<br />
In connection with <strong>the</strong> offering and sale of a particular Tranche,<br />
additional selling restrictions may be imposed which will be set out<br />
in <strong>the</strong> relevant Final <strong>Term</strong>s.<br />
Risk Factors<br />
A. Essential risks associated with <strong>EDF</strong><br />
The <strong>EDF</strong> Group operates in an environment that is experiencing<br />
profound change, generating various risks, some of which are<br />
outside of its control and which are in addition to <strong>the</strong> risks inherent in<br />
carrying on its businesses. The risks that <strong>the</strong> <strong>EDF</strong> Group believes<br />
are material for its businesses are described below and more<br />
extensively in "Risk Factors" below. One or several of <strong>the</strong>se risks<br />
could possibly have an adverse effect on <strong>the</strong> <strong>EDF</strong> Group’s activities<br />
and/or its results. Moreover, o<strong>the</strong>r risks, of which it is currently<br />
unaware, or which it believes are not material at present, may have<br />
<strong>the</strong> same adverse effect.<br />
The risks identified below relate to:<br />
<br />
<br />
<br />
<br />
<br />
<strong>Euro</strong>pean energy markets;<br />
<strong>the</strong> <strong>EDF</strong> Group's activities;<br />
<strong>the</strong> <strong>EDF</strong> Group's nuclear activities;<br />
<strong>the</strong> <strong>EDF</strong> Group’s structure and changes within <strong>the</strong> <strong>EDF</strong> Group;<br />
and<br />
<strong>EDF</strong>’s capital structure and <strong>the</strong> listing of its shares.<br />
B. Essential risks associated with <strong>the</strong> <strong>Note</strong>s to be issued by<br />
<strong>EDF</strong><br />
An investment in <strong>the</strong> <strong>Note</strong>s involves certain risks which are material<br />
for <strong>the</strong> purpose of assessing <strong>the</strong> market risks associated with <strong>Note</strong>s<br />
issued under <strong>the</strong> <strong>Programme</strong>. While all of <strong>the</strong>se risk factors are<br />
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