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Solteq Oyj — Capital/Financing Update 2020
Sep 15, 2020
3341_rns_2020-09-15_09968eb3-5ce9-4019-b51f-3dfd1dab9891.pdf
Capital/Financing Update
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NOTICE OF VOLUNTARY TOTAL REDEMPTION
To: The Noteholders and the Agent under the Terms and Conditions (as defined below)
Date: 15 September 2020
We refer to the up to EUR 40,000,000 senior unsecured fixed rate notes with ISIN FI4000157631, outstanding amount being EUR 24,500,000 (the "Notes") issued by Solteq Plc (the "Issuer") and to the relevant terms and conditions originally dated 1 July 2015 and as amended and restated on 24 September 2015, on 31 July 2018 and on 18 May 2020 (the "Terms and Conditions").
Subject to the satisfaction of the Condition (as defined below), the Issuer hereby gives notice pursuant to clause 9.3 (Voluntary Total Redemption) of the Terms and Conditions, that the Issuer is exercising its option to redeem in full all outstanding Notes on or about 13 October 2020 (the "Redemption Date"), at an amount per Note equal to 101.25 per cent of the Nominal Amount (as defined in the Terms and Conditions), together with accrued but unpaid interest (the "Redemption Price").
The Issuer is considering the issuance of new euro-denominated senior unsecured fixed rate notes in a nominal amount of approximately EUR 25 million (the "New Notes"). This Notice of Voluntary Total Redemption and the Issuer's obligation to redeem any of the Notes on the Redemption Date in accordance herewith is conditioned upon the completion of the issuance of the New Notes (the "Condition"). The redemption of the Notes as described herein and this Notice of Voluntary Total Redemption is conditioned upon the satisfaction of the Condition. The Issuer shall not, and shall not have any obligation to, redeem any of the Notes pursuant to this Notice of Voluntary Total Redemption unless the Condition has been fulfilled on or prior to the Redemption Date.
If the Condition is not satisfied on or prior to the Redemption Date, this Notice of Voluntary Total Redemption shall become void and the notes will remain outstanding and interest will continue to accrue in accordance with the Terms and Conditions.
Solteq Plc
Further information
CEO Olli Väätäinen
Tel: +358 50 557 8111
E-mail: [email protected]
CFO Kari Lehtosalo
Tel: +358 40 701 0338
E-mail: [email protected]