Kojamo plc Stock exchange release 11 March 2025 1.00 p.m. EET
Kojamo announces final results of tender offer for its outstanding notes due 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING, BUT NOT LIMITED TO, PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT
Kojamo plc (the Company) announces today the final results of its invitation to holders of its outstanding EUR 300,000,000 2.000 per cent. notes due 2026 (XS2463711643) (the Notes) to tender any and all of their Notes for purchase by the Company for cash subject to the satisfaction or waiver of the New Financing Condition and the other conditions described in the Tender Offer Memorandum (as defined below) (such invitation, the Offer).
The Offer was announced on 3 March 2025 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 3 March 2025 (the Tender Offer Memorandum) prepared by the Company. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
The Expiration Deadline for the Offer was 5.00 p.m. (CET) on 10 March 2025.
As at the Expiration Deadline, EUR 165,008,000 in aggregate nominal amount of the Notes were validly tendered for purchase pursuant to the Offer.
The Company announces that it will, subject to the satisfaction or waiver of the New Financing Condition, accept for purchase all Notes validly tendered pursuant to the Offer in full.
A summary of the final pricing for, and final results of the Offer are as follows:
| Description of the Notes | ISIN | Aggregate nominal amount of Notes accepted for purchase | Interpolated Mid-Swap Rate (per cent.) |
Purchase Yield (per cent.) |
Purchase Price (per cent.) |
Accrued Interest Payment (per EUR 1,000) |
| EUR 300,000,000 2.000 per cent. Notes due 2026 | XS2463711643 | EUR 165,008,000 | 2.324 | 2.774 | 99.209 | EUR 19.01 |
Subject to the satisfaction or waiver of the New Financing Condition on or prior to such date, the Settlement Date in respect of the Notes accepted for purchase pursuant to the Offer is expected to be 13 March 2025.
Following the Settlement Date, EUR 134,992,000 in aggregate nominal amount of the Notes will remain outstanding.
The Notes purchased pursuant to the Offer will be cancelled.
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. No offers or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.
For more information, please contact
Erik Hjelt, Interim CEO, Kojamo plc, tel. +358 20 508 3225, erik.hjelt@kojamo.fi
Niina Saarto, Director, Treasury & Investor Relations, Kojamo plc, tel. +358 20 508 3283, niina.saarto@kojamo.fi
Distribution:
Nasdaq Helsinki, Irish Stock Exchange, key media
Kojamo is Finland’s largest private residential real estate company and one of the biggest investors in Finland. Our mission is to create better urban housing. Lumo offers environmentally friendly housing and services for the city dweller who appreciates quality and effortlessness. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit https://kojamo.fi/en/