Helsinki, Finland, 2014-08-28 13:30 CEST (GLOBE NEWSWIRE) -- Lassila & Tikanoja plc Stock exchange release 28 August 2014 at 2:30 pm
The Finnish FSA has approved base prospectus of Lassila & Tikanoja plc and the company is considering the issuance of a senior unsecured bond
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.
The Finnish Financial Supervisory Authority has today, on 28 August 2014, approved the base prospectus (“Base Prospectus”) of Lassila & Tikanoja plc. The Base Prospectus provides information on Lassila & Tikanoja plc and its business operations and financial position. The Base Prospectus is valid for 12 months from the date of its approval.
Lassila & Tikanoja plc is considering the issuance of a senior unsecured bond based on the Base Prospectus. The potential issue is expected to be launched in the near future subject to market conditions.
“Entering debt capital markets diversifies our financing sources and supports the execution of our strategy”, says Timo Leinonen, CFO.
Danske Bank is mandated as the sole lead manager for the potential transaction.
The Base Prospectus is expected to be available in Finnish from 28 August 2014 on Lassila & Tikanoja plc’s website at http://www.lassila-tikanoja.fi/yritys/sijoitt...fault.aspx. It will remain available throughout its period of validity. The Registration Document has not been printed, but investors can order a paper printout of it free of charge by email from ir@lassila-tikanoja.fi or by post from Lassila & Tikanoja plc, P.O. Box 28, 00441 Helsinki, Finland.
LASSILA & TIKANOJA PLC
Timo Leinonen CFO
For additional information, please contact: Timo Leinonen, CFO, tel. +358 400 793 073
Lassila & Tikanoja is a service company that is transforming the consumer society into an efficient recycling society. In co-operation with our customers, we are reducing waste volumes, extending the useful lives of properties, recovering materials and reducing the use of raw materials and energy. We help our customers to focus on their core business and protect the environment. Together, we create well-being and jobs. With operations in Finland, Sweden and Russia, L&T employs 8,000 persons. Net sales in 2013 amounted to EUR 668.2 million. L&T is listed on NASDAQ OMX Helsinki.
Distribution: NASDAQ OMX Helsinki Major media www.lassila-tikanoja.com
