Lassila & Tikanoja plc
Stock exchange release
12 September 2018 at 1.30 pm
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Lassila & Tikanoja plc announces final tender offer results of the 2019 Notes
Lassila & Tikanoja plc (the “Company”) announces the final results of the invitation to the holders of its EUR 30 million 2.125 per cent. notes due 15 September 2019 (ISIN: FI4000108568) (the “2019 Notes”) to tender the 2019 Notes for cash on the terms and conditions set out in the tender offer memorandum dated 31 August 2018 (the “Tender Offer Memorandum”) (the “Tender Offer”).
The aggregate nominal amount of the 2019 Notes validly tendered by the noteholders for purchase pursu-ant to the Tender Offer was EUR 27,000,000.
The acceptance for purchase of any 2019 Notes by the Company has been subject to, without limitation, the pricing of the issue of new notes as announced on 31 August 2018 (the ”New Notes”) (the “New Issue Condition”). The Company announces that the New Issue Condition has been fulfilled and accordingly, pursuant to the terms and conditions of the Tender Offer Memorandum, any and all 2019 Notes validly tendered by the noteholders for purchase will be accepted in full.
The purchase price of the 2019 Notes is EUR 1,022.15 per EUR 1,000 in nominal amount of the 2019 Notes. The Company will also pay accrued and unpaid interest on the 2019 Notes accepted for purchase in the Tender Offer.
The settlement date for the Tender Offer is set to 17 September 2018. All of the 2019 Notes purchased by the Company will be cancelled. The 2019 Notes not tendered pursuant to the Tender Offer will remain out-standing.
Danske Bank A/S acts as Dealer Manager, and Danske Bank A/S, Finland Branch acts as Tender Agent for the Tender Offer. Information in respect of the Tender Offer may be obtained from the Dealer Manager.
Danske Bank A/S acts as Sole Lead Manager for the issue of the New Notes.
LASSILA & TIKANOJA PLC
Additional information:
Tuomas Mäkipeska, CFO, tel. +358 50 596 1616
Lassila & Tikanoja is a service company that is putting the circular economy into practice. Together with our customers, we keep materials, properties and factories in productive use for as long as possible and we enhance the use of raw materials and energy. We help our customers maintain the value of their properties and materials while protecting the environment. We achieve this by delivering responsible and sustainable service solutions that make the daily lives of our customers easier. With operations in Finland, Sweden and Russia, L&T employs 8,700 people. Net sales in 2017 amounted to EUR 709,5 million. L&T is listed on Nasdaq Helsinki.
Distribution
Nasdaq Helsinki
Major media
www.lt.fi/en
Important Information
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes 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.
This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This communication does not constitute an offer of notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the notes. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (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"), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). In addition, this communication is, in any event only directed at persons who are "qualified investors" pursuant to the Prospectus Directive (2003/71/EC, as amended). 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.