17.10.2016
FINANCES
Stock exchange releases
VVO GROUP PLC
STOCK EXCHANGE RELEASE
17 October, 2016 at 14.30 EET
Listing prospectus for VVO’s EUR 200 million bond available
Not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan or Singapore, or any other jurisdiction in which the distribution or release would be unlawful.
VVO Group plc has issued a EUR 200 million and 7 year senior secured bond mainly to institutional investors. The bond matures on 17 October 2023 and it carries a fixed coupon interest rate of 1.625 percent per annum. The issuer may redeem the bond before its final maturity date.
The Finnish Financial Supervisory Authority has today approved the listing prospectus of the bond. The prospectus is available in English on the company’s website at https://vvokonserni.fi/en/finances/bond2016
VVO Group plc has applied for the bond to be listed on the official list of the Nasdaq Helsinki Ltd. Public trading on the notes is expected to commence on or about 21 October 2016 under the trading code “VVOJ162523”.
The proceeds from the issued bond were on-lent to VVO Kodit Oy for the purposes of refinancing existing financial indebtedness, to finance growth investments and for general corporate purposes.
Nordea Bank Finland Plc and Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ) acted as lead managers for the bond issue.
For more information:
VVO Group plc
Jani Nieminen, CEO, tel. 020 508 3201
Erik Hjelt, CFO, tel. 020 508 3255
VVO Group plc
Under the Lumo and VVO brands, VVO Group Plc offers versatile and effortless rental solutions coupled with an extensive range of housing services for different life situations. VVO Group aims to invest heavily in increasing its housing supply by 2021 through the development of new properties and acquisition of existing properties. www.vvokonserni.fi
Disclaimer
Information contained in this release may not be released, published or distributed, directly or indirectly, in the United States, Australia, Canada, Hong Kong, Japan or Singapore or such other countries or otherwise in such circumstances in which the offering of the bond would be unlawful or require measures other than those required under the laws of Finland. This release does not constitute an offer of, or an invitation to purchase, any securities in any jurisdiction. No offer will be made to persons whose participation in the offering requires any additional prospectus or registration.
The bond has not been and will not be registered under the U.S. Securities Act of 1933, as amended, or with any securities regulatory authority of any state of the United States. The bond may not be offered or sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of any U.S. person (as such terms are defined in Regulation S under the Securities Act), except in certain transactions exempt from the registration requirements of the Securities Act. In addition, until 40 days after the commencement of the offering of the Bond, an offer or sale of the Bond within the United States by a dealer (whether or not participating in the offering) may violate the registration requirements of the Securities Act.
VVO Group plc has not authorized the offering of the bond to the public in any member state of the European Economic Area (the “EEA”). All offers of the bond in the EEA will be made pursuant to an exemption from the Prospectus Directive (Directive 2003/71/EC as amended, including by Directive 2010/73/EU), as implemented in the member states of the EEA (each, a “Relevant Member State”), from the requirement to produce a prospectus under the Prospectus Directive for offers of securities. The offer is only addressed to and directed at persons in Relevant Member States who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive and the minimum size of the investment is EUR 100,000. The expression an “offer to the public” in relation to any securities in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any securities to be offered so as to enable an investor to decide to purchase any securities, as the same may be varied in that Relevant Member State by any measure implementing the Prospectus Directive in that Relevant Member State.
The financial institutions defined herein are acting exclusively for VVO Group plc as lead managers of the offering and will not be responsible to anyone other than VVO Group plc for providing the protections afforded to its clients nor giving investment or other advice in relation to the bond, the listing of the bond or the contents of the prospectus, or any other transaction or any other matter mentioned herein.
The information provided herein is addressed to and directed only at persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 as amended, does not apply and is solely directed at persons in the United Kingdom who (a) 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”) or (b) persons falling within Article 49(2)(a) to (d) of the Order, or other persons to whom it may be lawfully communicated (all such persons together being referred to as “relevant persons”). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this document or any of its contents.
The bond may not be offered, directly or indirectly, in Switzerland except in circumstances that will not result in the offer of the bond being a public offering in Switzerland within the meaning of the Swiss Code of Obligations and the bond will not be listed on the SIX Swiss Exchange Ltd. (“SIX Swiss Exchange”) or on any other stock exchange or regulated trading facility in Switzerland. Neither the applicable prospectus nor any other offering or marketing material relating to the bond constitutes a prospectus as such term is understood pursuant to article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange or any other regulated trading facility in Switzerland, and neither the applicable prospectus nor any other offering or marketing material relating to the bond may be publicly distributed or otherwise made publicly available in Switzerland. VVO-Group plc is not authorized by or registered with the Swiss Financial Market Supervisory Authority (“FINMA”) as a foreign collective investment scheme. Therefore, investors do not benefit from protection under the Swiss collective investment schemes law or supervision by FINMA.