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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.
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
Telephone: +45 33 64 88 51
Attention: Debt Capital Markets
NatWest Markets Plc
London EC2M 4AA
Telephone: +44 20 7678 5222
Attention: Liability Management
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
12 Argyle Walk
London WC1H 8HA
Telephone: +44 207 704 0880
Attention: Thomas Choquet
General enquiries in connection with the Offer or the STID Proposal may be directed to the Issuer:
Elenia Finance Oyj
Telephone: +358 45 265 1313
Attention: Sasu Kämäräinen
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.
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.
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