European Energy A/S confirms the fulfilment of the conditions of early redemption of its outstanding EUR 2018 Bonds and announces the completion and pricing of the issuance of new EUR bonds
Company announcement 9/2017
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
27 June 2017
Reference is made to European Energy A/S' (the "Company") company announcement 8/2017 of 20 June 2017 in which the Company announced the conditional redemption of its outstanding EUR 2018 Bonds.
Early Redemption notice of the outstanding EUR 2018 Bonds
Further to company announcement 8/2017, the Company hereby confirms to all holders (the "Holders") of the Company's maximum EUR 60,000,000 Senior Unsecured Callable Floating Rate Bonds 2014/2018 (ISIN: SE0005677796) (the "2018 Bonds"), of which EUR 45,000,000 currently is outstanding, that the Conditions (as defined in company announcement 8/2017) have been fulfilled and that the Company's notice of early redemption has thereby become irrevocable. This means that the Company will redeem all of the outstanding bonds under the 2018 Bonds in full (the "Redemption") in accordance with Clause 10.3.2 of the terms and conditions for the 2018 Bonds (the "Terms and Conditions"). Unless otherwise defined in this notice, all words and expressions shall have the meaning given to them in the Terms and Conditions.
The Redemption Date will be 17 July 2017 (the "Redemption Date") and the Record Date for the Redemption will be 10 July 2017 (the "Record Date"). The first date of the notice period for the Redemption was the date on which the Holders received company announcement 8/2017 which, in accordance with Clause 24.1.2 of the Terms and Conditions, was 26 June 2017. The Redemption Date is 15 Business Days thereafter in accordance with Clause 10.3.3 of the Terms and Conditions.
The 2018 Bonds will be redeemed on the Redemption Date at 102.00 per cent of the Nominal Amount (i.e. EUR 102,000 per Bond) plus accrued but unpaid interest (from, but excluding, the preceding Interest Payment Date up to and including the Redemption Date). The redemption amount will be disbursed to those being directly registered owners and registered authorised nominees (Sw. förvaltare) of the 2018 Bonds as of the Record Date in the debt ledger produced by the CSD. In connection with the Redemption, the 2018 Bonds will be delisted from the corporate bond list at Nasdaq Stockholm (defined as NASDAQ OMX Stockholm in the Terms and Conditions).
This company announcement is governed by Swedish law. This company announcement is, for the avoidance of doubt, not an offer to purchase or sell financial instruments.
Completion and pricing of the issuance of new EUR bonds
The pricing of the issuance of new EUR bonds with a size of EUR 60m has been completed. The bonds will be issued on 3 July 2017 and be subject to the terms and conditions for the new EUR bonds.
European Energy A/S
Jens-Peter Zink, chairman of the board
Tel: + 45 2047 8220, E-mail: email@example.com
Important Regulatory Notice
This company announcement is not an offer of securities for sale in the United States. The bonds may not be sold in the United States unless they are registered under the Securities Act or are exempt from registration. The offering of bonds described in this company announcement has not been and will not be registered under the Securities Act, and accordingly any offer or sale of bonds may be made only in a transaction exempt from the registration requirements of the Securities Act.
It may be unlawful to distribute this company announcement in certain jurisdictions. This company announcement is not for distribution in Canada, Japan or Australia. The information in this company announcement does not constitute an offer of securities for sale in Canada, Japan or Australia.
This company announcement has been made in accordance with the market abuse regulation (regulation (EU) no. 596/2014 on market abuse) and contains information that prior to its disclosure may have constituted inside information under the market abuse regulation.