Kemira Oyj announces indicative tender offer results

Kemira Oyj
Stock Exchange Release
May 18, 2017 at 8.30 am (CET+1)

Kemira Oyj announces indicative tender offer results

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES, THE TENDER OFFER OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Kemira Oyj (the "Company") announces today the indicative results of the invitation by Nordea Bank AB (publ) (the "Offeror") on behalf of the Company to the holders of the outstanding EUR 200,000,000 2.500 per cent Notes due 27 May 2019 (ISIN: FI4000097084) (the "Notes"), issued by the Company, to tender their Notes for purchase by the Offeror for cash (the "Tender Offer").

Capitalised terms used in this release but not defined have the meanings given to them in the Tender Offer Memorandum in respect of the Tender Offer dated 10 May 2017.

At the Expiration Deadline of 4:00 p.m. (Finnish time) on 17 May 2017, valid tender instructions of EUR 165,460,000 in aggregate nominal amount of Notes were received pursuant to the Tender Offer.

The Offeror announces that the non-binding levels at which the Final Acceptance Amount is expected to be set is at an aggregate principal amount of EUR 99,999,000 of the Notes.

Accordingly, valid tenders are expected to be subject to a Proration Factor of 60.464 per cent., rounded down to the nearest EUR 1,000 in accordance with the process described fully in the Tender Offer Memorandum.

The Offeror has reserved the right, in its sole discretion, to decide on acceptance of the Notes, including not to accept any Notes. The acceptance by the Offeror of any Notes is subject to the fulfilment of the New Issue Condition.

As at the date of this release, the New Issue Condition has not yet been fulfilled. The Company will announce the final tender offer results, and simultaneously announce whether the New Issue Condition has been fulfilled or not, as soon as feasible, and no later than 26 May 2017.

Information about the Tender Offer may be obtained from the Offeror and Dealer Manager: Nordea Bank AB (Publ) at email: [e-mail] / tel: [phone].

For more information, please contact:

Kemira Oyj
Pauliina Paatelma, Vice President, Group Treasurer
Tel. [phone]

 

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2016, Kemira had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.