Neova Oy announces that it will redeem the outstanding share of EUR 29.9 million of the hybrid bond issued on 08 November 2016

Neova Oy will redeem the outstanding share of EUR 29.9 million of the EUR 50 million hybrid bond issued on 08 November 2016 (the “2016 Hybrid Bond”). The redemption will be made on 08 November 2021 (the “Redemption Date”) in accordance with the terms and conditions of the 2016 Hybrid Bond. On the Redemption Date, Neova Oy will pay the holders of the outstanding 2016 Hybrid Bond a redemption price equal to the principal amount of the note together with any accrued interest to but excluding the Redemption Date.

In June 2020, Neova Oy repurchased, by a public tender offer, EUR 20.1 million of the 2016 Hybrid Bond.

This notice of redemption is irrevocable and is given to the calculation agent and in accordance with the terms and conditions of the 2016 Hybrid Bond.

More information: Jarmo Santala, CFO, Neova Oy, tel. +358 40 801 9191