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Componenta Oyj Executes Share Issue, Offering of Hybrid Bond and Announces Two Notes Issue

Tuesday, 27 Aug 2013 07:00am EDT 

Componenta Oyj announced that it decided on August 27, 2013 to issue two new Finnish law governed notes (private placement) and to approve the subscriptions received by August 27, 2013. The amount of the unsecured notes to be directed to qualified investors and holders of the Company’s existing bond 2010 is EUR 15 - 25 million. The amount of subscriptions of the unsecured notes received by August 27, 2013 is approximately EUR 22.3 million in total. The amount of the secured notes subscribed by a Finnish institutional investor is EUR 10 million, and the maturity is three years. As the capital raised through the two new notes exceeds EUR 30 million, all prerequisites for the executions of the share issue and the hybrid bond are fulfilled, and the Company decided on August 27, 2013 to approve the subscriptions of 7,038,051 new shares in the share issue, corresponding to a total of EUR 11,260,881.60, at the subscription price of EUR 1.60 per share. The new shares subscribed in the share issue represent approximately 31.7 % of all of the Componenta shares and related voting rights before the share issue, and following the share issue, approximately 24.0% of all of the Componenta shares and related voting rights. Following the share issue the number of the Company’s shares will increase by 7,038,051 shares up to 29,269,224 shares. The Company also approved subscriptions of the hybrid bond, EUR 33,702,000.00 million in total. 

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11:29am EST