SSH Communications Security Oyj - Company Announcement

BOOK-BUILDING PROCEDURE RELATED TO SSH COMMUNICATIONS SECURITY’S OFFERING DISCONTINUED DUE TO OVER-SUBSCRIPTION

Helsinki, Finland, 2016-06-20 14:50 CEST (GLOBE NEWSWIRE) -- 
SSH COMMUNICATIONS SECURITY CORPORATION   COMPANY ANNOUNCEMENT   JUNE 20, 2016
AT 3:50 P.M. 

BOOK-BUILDING PROCEDURE RELATED TO SSH COMMUNICATIONS SECURITY’S OFFERING
DISCONTINUED DUE TO OVER-SUBSCRIPTION 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN. 

SSH Communications Security Corporation (”SSH” or the ”Company”) announed on 20
June 2016 an offering (the ”Offering”), in which it offers new shares in the
Company (the ”Shares”) to institutional and other selected investors in an
accelerated book-building procedure carried out by Evli Bak Plc (”Evli”). The
book-building procedure commenced on 20 June 2016 in the morning. 

Due to over-subscription, the Company’s Board of Directors has today on 20 June
2016 at 15:30 decided to discontinue the reception of subscription offers. 

The Company’s Board of Directors will decide on the approval of the
subscriptions submitted in the book-building procedure, the subscription price
of the Offering and the number of the Shares at its meeting to be held later on
20 June 2016. The Company will announce the result of the Offering through a
stock exchange release immediately after the decisions have been made. The
discontinuation of the book-building procedure will not affect the schedule of
the Offering in other respects. 

The Offering is managed by Evli as the Lead Manager and the Sole Bookrunner.
Castrén & Snellman Attorneys Ltd acts as the Company’s legal adviser. 

Helsinki, 20 June 2016

SSH Communications Security Corporation

Board of Directors

For further information:
Jyrki Lalla, CFO, tel. +358 45 340 4641

Distribution:
NASDAQ OMX Helsinki Oy
Major media
www.ssh.com

About SSH Communications Security:
As the inventor of the SSH protocol, we have a twenty-year history of leading
the market in developing advanced security solutions that enable, monitor, and
manage encrypted networks. Over 3,000 customers across the globe trust the
company’s encryption, access control and encrypted channel monitoring solutions
to meet complex compliance requirements, improve their security posture and
save on operational costs. SSH Communications Security is headquartered in
Helsinki and has offices in the Americas, Europe and Asia. The company’s shares
(SSH1V) are quoted on the NASDAQ OMX Helsinki. For more information, visit
www.ssh.com 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Australia, Canada, Hong
Kong or Japan. These written materials do not constitute an offer of securities
for sale in the United States, nor may the securities be offered or sold in the
United States absent registration or an exemption from registration as provided
in the U.S. Securities Act of 1933, as amended, and the rules and regulations
thereunder. There is no intention to register any portion of the Offering in
the United States or to conduct a public offering of securities in the United
States. 

Members of the public are not eligible to take part in the Offering. This
communication is directed (A) in the European Economic Area, only at persons
who are qualified investors as defined in article 2(1)(e) of EU directive
2003/71/EC and as implemented in legislation in each of the relevant member
states and (B) in the United Kingdom only at qualified investors who are: (i)
investment professionals falling within article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) order 2005 (the “Order”), or (ii)
persons falling within article 49(2) (“high net worth companies, unincorporated
associations, etc”) of the Order (all such persons together being referred to
as “relevant persons”). Any investment activity to which this communication
relates will only be available to and will only be engaged with, relevant
persons. Any person who is not a relevant person should not act or rely on this
document or any of its contents. 

Evli Bank Plc (“Evli”) acts only for and on behalf of SSH Communications
Security Corporation in connection of the Offering. Evli does not hold any
other party as its client or cannot be held accountable to advise or indemnify
other parties than SSH Communications Security Corporation with regards to the
Offering or other matters referred hereto.