DGAP-News: SRV Group Plc: SRV considers the issuance of new notes and announces a tender offer for its outstanding notes due December 2018

SRV Group Plc: SRV considers the issuance of new notes and announces a tender offer for its outstanding notes due December 2018

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DGAP-News: SRV Group Plc / Schlagwort(e): Anleiheemission/Anleihe

SRV Group Plc: SRV considers the issuance of new notes and announces a

tender offer for its outstanding notes due December 2018

07.03.2018 / 15:53

Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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SRV considers the issuance of new notes and announces a tender offer for its

outstanding notes due December 2018

SRV Group Oyj (SRV), a Finnish construction company engaged in housing and

business premises construction, has mandated OP Corporate Bank as

Coordinator, Swedbank as Joint Lead Manager and Bankhaus Scheich

Wertpapierspezialist AG as Co-Manager to arrange a series of fixed income

investor meetings. A EUR-denominated up to 75 million senior unsecured

capital markets transaction with an expected maturity of 4 years will

follow, subject to market conditions.

MiFID II professionals / ECPs / No PRIIPs KID - Manufacturer target market

(MIFID II product governance) is eligible counterparties and professional

clients (all distribution channels). No PRIIPs key information document

(KID) has been prepared as not deemed within scope.

***SRV Group Plc announces tender offer via OP Corporate Bank***

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 ANY OTHER COUNTRIES OR OTHERWISE IN SUCH

CIRCUMSTANCES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL.

OP Corporate Bank plc (the "Offeror") invites today the holders of the EUR

75 million 5.000 percent notes due 18 December 2018 (ISIN: FI4000076617)

issued by SRV Group Plc (the "SRV")(the "Notes"), to tender their Notes for

cash on the terms and conditions set out in the tender offer memorandum

dated 7 March 2018 (the "Tender Offer").

The Offeror proposes to accept for purchase any and all Notes validly

tendered in the Tender Offer. The Offeror however reserves the right, in its

sole discretion, to decide on the acceptance for purchase of the Notes,

including not to accept any purchase of the Notes.

The purchase price of the Notes is EUR 1,037.73 per nominal amount of EUR

1,000.00. Accrued and unpaid interest will be paid in respect of all the

Notes validly tendered and delivered and accepted for purchase.

The offer period begins on 7 March 2018 and closes at 4:00 p.m. Finnish time

(EET) on 16 March 2018. The indicative tender offer results will be

announced on or about 19 March 2018, and the final tender offer results and

completion date will be announced as soon as feasible, but no later than 26

March 2018. The settlement date of the Tender Offer will in no case be later

than 3 April 2018, subject to the completion of the issue of the New Notes.

SRV is considering issuance of new euro-denominated fixed rate notes (the

"New Notes"). The issuance of New Notes may take place in the near future

subject to market conditions. The acceptance of the Tender Offer is subject

to, without limitation, the pricing of the issue of the New Notes and the

execution of an issuance agreement between the joint lead managers and SRV.

A noteholder that wishes to subscribe for New Notes in addition to tendering

Notes for cash pursuant to the Tender Offer may receive priority in the

allocation of the New Notes (the "New Issue Allocation"). The New Issue

Allocation may be given for an aggregate nominal amount of New Notes up to

the aggregate nominal amount of Notes subject to a noteholder's valid tender

instruction, where an allocation of the New Notes is also requested. Such

tender instruction must relate to a minimum of EUR 100,000 in aggregate

nominal amount of Notes and be in multiples of EUR 1,000 in aggregate

nominal amount of Notes thereafter in order to comply with the minimum

subscription amount of the New Notes. Any tender and new issue allocation

instruction that does not relate to a minimum of EUR 100,000 in aggregate

nominal amount of Notes will be deemed to be a tender only instruction and

no New Issue Allocation will be given in respect of such tender instruction.

The dealer manager will only provide an allocation code to a noteholder who,

in the sole discretion of the dealer manager belongs to the target market of

the New Notes (i.e., eligible counterparties and professional clients, each

as defined in Directive 2014/65/EU (as amended)).

OP Corporate Bank plc acts as offeror, dealer manager and tender agent for

the Tender Offer.

Information in respect of the Tender Offer may be obtained from OP Corporate

Bank plc:

email: liabilitymanagement@op.fi / tel. +358 10 252 1668

For further information, please contact:

Juha Pekka Ojala, President & CEO, SRV, tel. +358 40 733 4173,

jp.ojala@srv.fi

Ilkka Pitkänen, CFO, SRV, tel. +358 (0)40 667 0906, ilkka.pitkanen@srv.fi

Päivi Kauhanen, Senior Vice President, Communications, SRV, tel. +358 50 598

9560, paivi.kauhanen@srv.fi

www.srv.fi

Contact for Investor Relations (for Germany):

Aalto Capital GmbH, tel. +49 (0)89 89 86 777 0, germany@aaltocapital.com

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07.03.2018 Veröffentlichung einer Corporate News/Finanznachricht,

übermittelt durch DGAP - ein Service der EQS Group AG.

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,

Corporate News/Finanznachrichten und Pressemitteilungen.

Medienarchiv unter http://www.dgap.de

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