Lemminkäinen Corporation announces a partial tender offer for its outstanding hybrid bond issued on 30 March 2012
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 28 MAY 2015 AT 9:30 A.M.
LEMMINKÄINEN CORPORATION ANNOUNCES A PARTIAL TENDER OFFER FOR ITS OUTSTANDING HYBRID BOND ISSUED ON 30 MARCH 2012
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Lemminkäinen Corporation announces a partial cash tender offer for its outstanding EUR 70 million hybrid bond (ISIN FI4000041322) and aims to purchase notes to the aggregate nominal amount of EUR 35 million. The outstanding perpetual hybrid bond was issued on 30 March 2012 and the company is entitled to redeem it on 30 March 2016.
The purchase price for the outstanding notes will be 104.625 per cent of the nominal amount of such notes. The offer starts on 28 May 2015 at 9.30 and expires on 9 June 2015 at 16.00 EET. The estimated settlement date is on 17 June 2015. The tender offer is subject to the terms and conditions outlined in the tender offer memorandum dated 28 May 2015. The memorandum is available in the account operator of the bond holder or the dealer manager for the tender offer.
A hybrid bond is an instrument which is subordinated to the company’s other debt obligations and which is treated as equity in the IFRS financial statements. The hybrid bond does not confer to its holders the rights of a shareholder and does not dilute the holdings of the current shareholders.
Nordea Markets is acting as the exclusive dealer manager and tender agent for the tender offer.
Ilkka Salonen, CFO
Tel. +358 2071 53304
Katri Sundström, Head of Investor Relations
Tel. +358 2071 54813
NASDAQ OMX Helsinki
Together with our customers we create conditions that make living, working and travelling functional, safe and healthy. We operate in Northern Europe and employ about 5,600 professionals. In 2014, our net sales were about EUR 2.0 billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com