Vantaa, Finland, 2016-11-24 08:00 CET (GLOBE NEWSWIRE) --
Cramo Plc Stock Exchange Release 24 November 2016 at 9.00 Finnish time (EET)
Cramo announces final Tender Offer results
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Cramo Plc (the “Company”) announces today the final results of the invitation by Nordea Bank Danmark A/S (the “Offeror”) on behalf of the Company to all holders of the outstanding EUR 100 million 4.50% notes due February 2018 (ISIN: FI4000051065) (the “Notes”), issued by the Company, to tender their Notes for purchase by the Offeror for cash (the “Offer”).
Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum in respect of the Offer dated 14 November 2016.
Valid tender instructions of EUR 83,730,000 in aggregate principal amount of Notes were received pursuant to the Offer.
The Company announces that the New Issue Condition has been fulfilled and accordingly, pursuant to the terms of the Tender Offer Memorandum, any and all valid tenders will be accepted in full.
The Purchase Price for the Notes is 105.261 per cent. The Offeror will also pay accrued and unpaid interest on Notes accepted for purchase in the Offer.
The Settlement Date for the Offer is set to 29 November 2016. All Notes purchased by the Company will be cancelled. Notes not tendered pursuant to the Offer will remain outstanding.
Additional information may be obtained from the Offeror and Dealer Manager at email: NordeaLiabilityManagement@nordea.com / tel: +45 6161 2996.
CRAMO PLC
Leif Gustafsson President and CEO
Further information:
Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10 Mr Aku Rumpunen, Interim CFO, tel: +358 10 661 10, +358 40 556 3546 Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel: +46 70 868 7045
Distribution: Nasdaq Helsinki Ltd. Principal media www.cramo.com
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 330 depots. With a group staff around 2,500, Cramo's consolidated sales in 2015 was EUR 668 million. Cramo shares are listed on Nasdaq Helsinki Ltd.
Read more: www.cramo.com , www.twitter.com/cramogroup
Disclaimer
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein 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.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, South Africa or New Zealand. These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
This communication is directed only at (i) persons who are outside the United Kingdom or (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") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). 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 announcement or any of its contents.
