Stockmann - Company Announcement

Stockmann considers issuing a hybrid bond

Helsinki, Finland, 2015-12-08 07:00 CET (GLOBE NEWSWIRE) -- STOCKMANN plc,
Company Announcement 8.12.2015 at 08:00 EET 

INFORMATION CONTAINED IN THIS RELEASE MAY NOT BE RELEASED, PUBLISHED OR
DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA,
HONG KONG, JAPAN OR SINGAPORE. 

Stockmann plc is considering the issuance of a hybrid bond. The potential issue
is expected to be launched in the near future subject to market conditions. 

The funds received from the hybrid bond would be used for Stockmann’s general
corporate purposes and refinancing of existing debt maturing in 2016. The
hybrid bond would thus also contribute to the successful implementation of the
company’s strategy. 

A hybrid bond is an instrument which is subordinated to the company’s other
debt obligations and which is treated as equity in the company´s consolidated
financial statements prepared in accordance with the IFRS. The hybrid bond does
not confer to its holders the rights of a shareholder and does not dilute the
holdings of the current shareholders. 

Danske Bank A/S is acting as coordinator and Danske Bank A/S and Pohjola Bank
plc as lead managers in the transaction. Roschier Attorneys Ltd acts as legal
advisor to Stockmann. 


Further information:
Lauri Veijalainen, CFO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com


STOCKMANN plc

Per Thelin
CEO

Distribution:
Nasdaq Helsinki
Principal media

DISCLAIMER

Information contained in this release may not be released, published or
distributed, directly or indirectly, in the United States, Australia, Canada,
Hong Kong, Japan or Singapore or such other countries or otherwise in such
circumstances in which the offering of the capital securities would be unlawful
or require measures other than those required under the laws of Finland. This
release does not constitute an offer of, or an invitation to purchase, the
capital securities in any jurisdiction. No offer will be made to persons whose
participation in the offering requires any additional information memorandum or
registration. The capital securities have not been and will not be registered
under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States or to, or for the account or benefit of, U.S.
persons. Terms used in the preceding sentence have the meanings given to them
by Regulation S under the U.S. Securities Act of 1933. Any subscription or
purchase of the capital securities may only be made on the basis of the
information contained in the applicable information memorandum published and
distributed by Stockmann. 

Stockmann has not authorized the offering of the capital securities to the
public in any member state of the European Economic Area (the “EEA”). All
offers of the capital securities in the EEA will be made pursuant to an
exemption under the Directive 2003/71/EC (as amended by Directive 2010/73/EU,
the “Prospectus Directive”), as implemented in the member states of the EEA,
from the requirement to produce a prospectus under the Prospectus Directive for
offers of securities. The offer is only addressed to and directed at persons in
member states of the EEA who are “qualified investors” within the meaning of
Article 2(1)(e) of Prospectus Directive and the minimum size of the investment
as well as the unit size is EUR 100,000. The expression an “offer to the
public” in relation to any capital securities in any member state of the EEA
means the communication in any form and by any means of sufficient information
on the terms of the offer and any capital securities to be offered so as to
enable an investor to decide to purchase any capital securities, as the same
may be varied in that member state by any measure implementing the Prospectus
Directive in that member state. 

The financial institutions defined herein are acting exclusively for Stockmann
as lead managers of the offering and will not be responsible to anyone other
than Stockmann for providing the protections afforded to its clients nor giving
investment or other advice in relation to the capital securities or any other
transaction or any other matter mentioned herein. 

The information provided herein may only be communicated to persons in the
United Kingdom in circumstances where section 21(1) of the Financial Services
and Markets Act 2000 as amended, does not apply and is solely directed at
persons in the United Kingdom who (a) 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”) or (b)
persons falling within Article 49(2)(a) to (d) of the Order, or other persons
to whom it may be lawfully communicated (all such persons together being
referred to as “relevant persons”). This release is directed only at relevant
persons and any person who is not a relevant person must not act or rely on
this document or any of its contents. 

The capital securities may not be publicly offered, sold or advertised,
directly or indirectly, in, into or from Switzerland and will not be listed on
the SIX Swiss Exchange Ltd. (“SIX Swiss Exchange”) or on any other stock
exchange or regulated trading facility in Switzerland. Neither the applicable
information memorandum nor any other offering or marketing material relating to
the capital securities constitutes a prospectus as such term is understood
pursuant to article 652a or article 1156 of the Swiss Code of Obligations or a
listing prospectus within the meaning of the listing rules of the SIX Swiss
Exchange or any other regulated trading facility in Switzerland, and neither
the applicable information memorandum nor any other offering or marketing
material relating to the capital securities may be publicly distributed or
otherwise made publicly available in Switzerland.