Cramo Oyj - Company Announcement

Cramo announces final Tender Offer results

Vantaa, Finland, 2016-11-24 08:00 CET (GLOBE NEWSWIRE) -- 
Cramo Plc  Stock Exchange Release 24 November 2016 at 9.00 Finnish time (EET)

Cramo announces final Tender Offer results

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

Cramo Plc (the “Company”) announces today the final results of the invitation
by Nordea Bank Danmark A/S (the “Offeror”) on behalf of the Company to all
holders of the outstanding EUR 100 million 4.50% notes due February 2018 (ISIN:
FI4000051065) (the “Notes”), issued by the Company, to tender their Notes for
purchase by the Offeror for cash (the “Offer”). 

Capitalised terms used in this announcement but not defined have the meanings
given to them in the Tender Offer Memorandum in respect of the Offer dated 14
November 2016. 

Valid tender instructions of EUR 83,730,000 in aggregate principal amount of
Notes were received pursuant to the Offer. 

The Company announces that the New Issue Condition has been fulfilled and
accordingly, pursuant to the terms of the Tender Offer Memorandum, any and all
valid tenders will be accepted in full. 

The Purchase Price for the Notes is 105.261 per cent. The Offeror will also pay
accrued and unpaid interest on Notes accepted for purchase in the Offer. 

The Settlement Date for the Offer is set to 29 November 2016. All Notes
purchased by the Company will be cancelled. Notes not tendered pursuant to the
Offer will remain outstanding. 

Additional information may be obtained from the Offeror and Dealer Manager at
email: NordeaLiabilityManagement@nordea.com / tel: +45 6161 2996. 

CRAMO PLC

Leif Gustafsson
President and CEO




Further information:

Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10
Mr Aku Rumpunen, Interim CFO, tel: +358 10 661 10, +358 40 556 3546
Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel:
+46 70 868 7045 



Distribution:
Nasdaq Helsinki Ltd.
Principal media
www.cramo.com



Cramo is Europe’s second largest rental services company specialising in
construction machinery and equipment rental and rental-related services as well
as the rental of modular space. Cramo operates in fifteen countries and in
about 330 depots. With a group staff around 2,500, Cramo's consolidated sales
in 2015 was EUR 668 million. Cramo shares are listed on Nasdaq Helsinki Ltd. 

Read more: www.cramo.com, www.twitter.com/cramogroup



Disclaimer

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, Japan, South Africa or New Zealand. 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. 

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 announcement or any of its contents.