Kotkamills Group Oyj: STRATEGIC REVIEW OF THE IMPR
Post# of 301275
Kotkamills Group Oyj
STOCK EXCHANGE RELEASE
23 December 2016, at 3 pm (CET + 1)
Kotkamills Group Oyj has on 16 December 2016 published a stock exchange release concerning initiation of a strategic review of one of the Group's existing business lines, the Imprex® business line (the "Imprex Business"). In connection with the strategic review process, Kotkamills Group Oyj has on 16 December 2016 initiated a written procedure (the "Written Procedure") under the terms and conditions of Kotkamills Group Oyj's EUR 105,000,000 Senior Secured Callable Bonds 2015/2020 (ISIN: FI4000148705) for the purpose of obtaining a consent from the bondholders for the event that Kotkamills Group Oyj would, as a result of the ongoing strategic review process, decide on a disposal of the Imprex Business.
Kotkamills Group Oyj has decided to amend its request made in the Written Procedure. The revised request delivered to all bondholders is attached hereto.
Additional information on the Imprex Business and the reasons for the Written Procedure are set out in Kotkamills Group Oyj's stock exchange release of 16 December 2016.
Kotkamills Group Oyj Board of Directors
For additional information, please contact:
CFO Petri Hirvonen, tel.+358 40 571 0834, petri.hirvonen@kotkamills.com
DISTRIBUTION: Nasdaq Helsinki Ltd Key media www.kotkamills.com
Kotkamills Group in brief
Kotkamills is a responsible partner that delivers renewable products and performance to its customers' processes via product innovations created from wood, a renewable raw material. The key brands of the company include Absorbex® and Imprex®, both innovative laminating paper products for the laminate, plywood and construction industries. Moreover, Kotkamills offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. In summer 2016, Kotkamills started up a new board machine producing AEGLE(TM) Folding Boxboard and ISLA(TM) Food Service Boards, including the capability to add barriers on-machine. All Consumer Boards material solutions are fully recyclable and repulpable.
Kotkamills has two production sites in Finland, located in Kotka and Imatra. The majority shareholder of Kotkamills is MB Funds, a Finnish private equity firm.
Disclaimer
The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Kotkamills Group Oyj in any jurisdiction.
Attachments
Letter of Nordic Trustee Oy to the bondholders regarding the revised request
Attachments:
(0)
(0)