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2010-01-12 08:20:00 CET 2010-01-12 08:20:02 CET REGULATED INFORMATION Trainer's House Oyj - Company AnnouncementTRAINERS' HOUSE CONSIDERS ISSUANCE OF EUR 5 MILLION HYBRID BONDTRAINERS' HOUSE PLC STOCK EXCHANGE RELEASE 12 JANUARY 2010 AT 9:20 Trainers' House Plc is considering the issuance of a hybrid capital bond. The potential issue is expected to be launched in the near future subject to market conditions. The targeted size of the issue is EUR 5 million. Evli Bank Plc has been appointed as the sole book runner of the potential issue. Major shareholders of Trainers' House Plc have committed to subscribing, if necessary, the entire hybrid bond or such amount that outside investors will not subscribe. The purpose of the hybrid bond is to ensure that the company will fulfill the financial covenants concerning the ratio of net debt to EBITDA included in the loan agreement concluded in connection with the merger of Satama Interactive Plc and Trainers' House Oy. A hybrid bond is an instrument which is subordinated to the company's other debt obligations and which is treated as equity in the IFRS financial statements. Hybrid bonds do not confer to their holders the right to vote at shareholder meetings and do not dilute the holdings of the current shareholders. TRAINERS' HOUSE PLC Board of Directors FURTHER INFORMATION Aarne Aktan, Chairman of the Board, tel +358 40 774 0204 DISTRIBUTION: OMX Nordic Exchange Helsinki Prominent media sources www.trainershouse.fi - Investors |
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