Taaleri Oyj - Company Announcement

Taaleri Plc issues a EUR 35 million bond

Helsinki, 2016-12-13 16:47 CET (GLOBE NEWSWIRE) -- 

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR
SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL. 

Taaleri Plc (“the Company”) issues a EUR 35 million senior unsecured bond
targeted mainly to institutional investors (private placement). The bond
issuance is the first under the EUR 70 million unsecured bond program the
Company announced on 8 December 2016. The term of the bond is 5 years and the
bond will bear interest at the rate of 4.25 per cent per annum until maturity. 

“We are very pleased with investors´ interest which will significantly broaden
our institutional investor base. The strong interest towards the issue is a
testimony of investors´ confidence in the company,” says Juhani Elomaa, the CEO
of Taaleri Plc. 

The bond issue is part of the Taaleri Plc’s bond program. The Company will use
the proceeds received from the program to refinance existing loans, for organic
and inorganic growth of business and for general corporate purposes. Under the
program, the Company may also issue a bond targeted to private investors. 

The Company will apply for the listing of the bond on the official list of
Nasdaq Helsinki Ltd. 

The base prospectus for the bond program approved by the Finnish Financial
Supervisory Authority on 8 December 2016 as well as the final terms and
conditions are available on the Company’s website at
www.taaleri.com/fi/investor-relations/velkasijoittajat as of 14 December 2016. 

Danske Bank Oyj acts as the sole lead manager of the bond issue. Borenius
Attorneys Ltd acts as legal advisor for the Company. 

Taaleri Plc

Further information

CEO Juhani Elomaa, tel. +358 (0)40 778 9020

CFO Minna Smedsten, tel. +358 (0)40 700 1738

Disclaimer

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, New Zealand,
Australia, Japan, Hong Kong, Singapore or South Africa. 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. The Company does not
intend to register any portion of the offering in the United States or to
conduct a public offering of securities in the United States. 

The issue, exercise and/or sale of securities in the initial public offering
are subject to specific legal or regulatory restrictions in certain
jurisdictions. The Company and Danske Bank A/S, Helsinki branch assume no
responsibility in the event there is a violation by any person of such
restrictions. 

The information contained herein shall not constitute an offer to sell or a
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. Investors
must neither accept any offer for, nor acquire, any securities to which this
document refers, unless they do so on the basis of the information contained in
the applicable prospectus published or offering circular distributed by the
Company. 

The Company has not authorized any offer to the public of securities in any
Member State of the European Economic Area other than Finland. With respect to
each Member State of the European Economic Area other than Finland and which
has implemented the Prospectus Directive (each, a "Relevant Member State"), no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member
States (a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive; or (b) in any other circumstances falling within Article
3(2) of the Prospectus Directive. For the purposes of this paragraph, the
expression an "offer of securities to the public" means the communication in
any form and by any means of sufficient information on the terms of the offer
and the securities to be offered so as to enable an investor to decide to
exercise, purchase or subscribe the securities, as the same may be varied by
any measure implementing the Prospectus Directive in that Relevant Member State
and the expression "Prospectus Directive" means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent
implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU. 

This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who 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") and (iii) high net
worth entities, and other persons to whom it may lawfully be communicated,
falling within Article 49(2) 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.