Pöyry PLC

Preliminary result of ÅF AB (publ)'s tender offer for all shares in Pöyry PLC

Pöyry PLC Stock Exchange Release February 18, 2019 at 12:30 (EET)

This stock exchange release may not be released, published or otherwise distributed, in whole or in part, in or into, directly or indirectly, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa or in any other jurisdiction in which the tender offer would be prohibited by applicable law.

Preliminary result of ÅF AB (publ)'s tender offer for all shares in Pöyry PLC

ÅF AB (publ) ("ÅF") commenced a voluntary recommended public cash tender offer to purchase all issued and outstanding shares in Pöyry PLC ("Pöyry") (the "Tender Offer") on December 20, 2018. The extended offer period of the Tender Offer expired on February 15, 2019.

ÅF has today published the following information in a stock exchange release:

According to the preliminary result of the Tender Offer, the shares tendered in the Tender Offer, together with the total of 6,367,632 Pöyry shares acquired by ÅF through market purchases, represent approximately 99.0 percent of all the issued and outstanding shares and voting rights in Pöyry.

ÅF declared the Tender Offer unconditional on February 7, 2019 and will complete the Tender Offer in accordance with its terms and conditions. ÅF will confirm and announce the final result of the Tender Offer on or about February 19, 2019. The settlement of the completion trades will take place on or about February 21, 2019.

In connection with the announcement of the final result, ÅF intends to extend the Tender Offer by a subsequent offer period commencing on a date to be announced in the final result announcement in accordance with the terms and conditions of the Tender Offer.

ÅF may continue to acquire Pöyry shares also in public trading on Nasdaq Helsinki Ltd or otherwise at a price not exceeding the offer price of EUR 10.20 per share.

ÅF's release referred to above has been attached in its entirety to this stock exchange release.

PÖYRY PLC

Additional information:

Juuso Pajunen, CFO
Tel. [phone]

 

Attachment: ÅF's Stock Exchange Release February 18, 2019

 

Pöyry is an international consulting and engineering company.  We serve clients across power generation, transmission & distribution, forest industry, biorefining & chemicals, mining & metals, infrastructure, water & environment. Together, we deliver smart solutions and work with the latest digital innovations. Pöyry's net sales in 2018 were EUR 580 million. The company's shares are quoted on Nasdaq Helsinki. Approximately 5500 experts. 40 countries. 120 offices.