Vapo Oy announces final results of its tender offer for its hybrid notes
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Vapo Oy (the “Company“) announces today the final results of the invitation to all holders of the outstanding EUR 50 million 6.50 per cent fixed-rate hybrid notes issued by the Company on 8 November 2016 (ISIN: FI4000224142) (the “Capital Securities“), to tender their Capital Securities for purchase by the Company for cash (the “Tender Offer“) on the terms and conditions set out in the tender offer memorandum dated 12 June 2020 (the “Tender Offer Memorandum“). Capitalised terms used in this release but not defined have the meanings given to them in the Tender Offer Memorandum.
Valid tender instructions of EUR 20,120,000 in aggregate nominal amount of the Capital Securities were received pursuant to the Tender Offer.
The Purchase Price for the Capital Securities is 100.00 per cent. of the nominal amount of the Capital Securities. The Company will also pay accrued and unpaid interest on Capital Securities accepted for purchase in the Tender Offer.
The Settlement Date for the Tender Offer is set to 1 July 2020. All Capital Securities purchased by the Company will be cancelled. Capital Securities not tendered pursuant to the Tender Offer will remain outstanding.
Additional information may be obtained from the Dealer Manager:
Nordea Bank Abp: e-mail: NordeaLiabilityManagement@nordea.com / tel: +45 61360379
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the United States or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful.