Helsinki, 2016-12-13 16:47 CET (GLOBE NEWSWIRE) --
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Taaleri Plc (“the Company”) issues a EUR 35 million senior unsecured bond targeted mainly to institutional investors (private placement). The bond issuance is the first under the EUR 70 million unsecured bond program the Company announced on 8 December 2016. The term of the bond is 5 years and the bond will bear interest at the rate of 4.25 per cent per annum until maturity.
“We are very pleased with investors´ interest which will significantly broaden our institutional investor base. The strong interest towards the issue is a testimony of investors´ confidence in the company,” says Juhani Elomaa, the CEO of Taaleri Plc.
The bond issue is part of the Taaleri Plc’s bond program. The Company will use the proceeds received from the program to refinance existing loans, for organic and inorganic growth of business and for general corporate purposes. Under the program, the Company may also issue a bond targeted to private investors.
The Company will apply for the listing of the bond on the official list of Nasdaq Helsinki Ltd.
The base prospectus for the bond program approved by the Finnish Financial Supervisory Authority on 8 December 2016 as well as the final terms and conditions are available on the Company’s website at www.taaleri.com/fi/investor-relations/velkasijoittajat as of 14 December 2016.
Danske Bank Oyj acts as the sole lead manager of the bond issue. Borenius Attorneys Ltd acts as legal advisor for the Company.
CEO Juhani Elomaa, tel. 358 (0)40 778 9020
CFO Minna Smedsten, tel. 358 (0)40 700 1738
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, New Zealand, Australia, Japan, Hong Kong, Singapore or South Africa. These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. The Company does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The issue, exercise and/or sale of securities in the initial public offering are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company and Danske Bank A/S, Helsinki branch assume no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area other than Finland. With respect to each Member State of the European Economic Area other than Finland and which has implemented the Prospectus Directive (each, a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression an "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe the securities, as the same may be varied by any measure implementing the Prospectus Directive in that Relevant Member State and the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.