Regulatory Story
Go to market news section View chart   Print
RNS
Elenia Finance Oyj   -  91VA   

Result of Tender Offer

Released 09:18 14-Nov-2019

RNS Number : 4197T
Elenia Finance Oyj
14 November 2019
 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (the "UNITED STATES") OR TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

ELENIA FINANCE OYJ ANNOUNCES THE AGGREGATE PRINCIPAL AMOUNT OF THE NOTES VALIDLY TENDERED PURSUANT TO THE OFFER

14 November 2019

Further to its announcement on 4 November 2019, Elenia Finance Oyj (the "Issuer"), announces today the aggregate principal amount of the Notes validly tendered pursuant to its invitation to eligible holders of its outstanding €500,000,000 2.875 per cent. Fixed Rate Bonds due December 2020 (ISIN: XS1005068587) (the "Notes") to tender their Notes for purchase by the Issuer for cash (the "Offer") and to approve the STID Proposal.

The Offer was made on the terms and subject to the conditions and restrictions set out in the tender offer memorandum dated 4 November 2019 (the "Tender Offer Memorandum"). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

Aggregate principal amount of the Notes validly tendered for purchase at the Expiration Deadline

As at the Expiration Deadline of 17.00 CET on 13 November 2019, the Issuer had received valid tenders for purchase of approximately €410,976,000 in aggregate principal amount of the Notes. Noteholders should note that this is not an announcement of the aggregate principal amount of the Notes which the Issuer has decided to accept for purchase pursuant to the Offer.

Following the earlier of (i) the expiration of the STID Proposal decision period (29 November 2019) and (ii) the date on which the Security Trustee has received the requisite votes in favour of the STID Proposal, the Issuer will announce, amongst other things, the result of the STID Proposal and the final aggregate principal amount of the Notes validly tendered and accepted by the Issuer for purchase pursuant to the Offer.

Further Information

A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. Further details can be obtained as follows:

Questions and requests for assistance in connection with the Offer may be directed to the Dealer Managers:

The Dealer Managers

Danske Bank A/S

2-12 Holmens Kanal

DK-1092 Copenhagen K

Denmark

 

Telephone: +45 33 64 88 51

Attention: Debt Capital Markets

Email: liabilitymanagement@danskebank.dk

 

NatWest Markets Plc

250 Bishopsgate

London EC2M 4AA

United Kingdom

 

Telephone: +44 20 7678 5222

Attention: Liability Management

Email: liabilitymanagement@natwestmarkets.com

 

Questions and requests for assistance in connection with the procedures, and for any documents or materials relating to, the Offer may be directed to the Tender Agent:

The Tender Agent

Lucid Issuer Services Limited

Tankerton Works

12 Argyle Walk

London WC1H 8HA

United Kingdom

 

Telephone: +44 207 704 0880

Attention: Thomas Choquet

Email: elenia@lucid-is.com

General enquiries in connection with the Offer or the STID Proposal may be directed to the Issuer:

The Issuer

Elenia Finance Oyj

Töölönkatu 4 

FI-00100 Helsinki

Finland

 

Telephone: +358 45 265 1313

Attention: Sasu Kämäräinen

Email: sasu.kamarainen@elenia.fi

This announcement is released by Elenia Finance Oyj and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Offer and STID Proposal. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Sasu Kämäräinen (Treasury Manager) of Elenia Finance Oyj.

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or sell any securities is being made pursuant to this announcement. The distribution of this announcement and/or the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Issuer, the Guarantors, the Dealer Managers, the Tender Agent, the Security Trustee and the Bond Trustee to inform themselves about and to observe any such restrictions.

If any Noteholder is in any doubt as to the action it should take or is unsure of the impact of the Offer or the STID Proposal, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. None of the Issuer, the Guarantors, the Dealer Managers, the Security Trustee, the Bond Trustee or the Tender Agent is providing Noteholders with any legal, business, financial, tax or other advice in this announcement or the Tender Offer Memorandum

None of the Dealer Managers, the Tender Agent, the Bond Trustee, the Security Trustee or any of their respective directors, officers, employees, agents or affiliates makes any representation or recommendation whatsoever regarding this announcement, the Tender Offer Memorandum, the Offer or the STID Proposal, and none of the Issuer, the Guarantors, the Dealer Managers, the Tender Agent, the Bond Trustee, the Security Trustee or their respective directors, officers, employees, agents or affiliates makes any recommendation as to whether Noteholders should tender Notes for purchase pursuant to the Offer and consequently to participate in voting in favour of the STID Proposal. The Tender Agent is the agent of the Issuer and owes no duty to any Noteholders.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RTEBIBLTMBBBMML
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Result of Tender Offer - RNS