Stockmann considers issuing a hybrid bond

Helsinki, Finland, 2015-12-08 07:00 CET (GLOBE NEWSWIRE) —
STOCKMANN plc, Company Announcement 8.12.2015 at 08:00 EET

INFORMATION CONTAINED IN THIS RELEASE MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR SINGAPORE.

Stockmann plc is considering the issuance of a hybrid bond. The potential issue is expected to be launched in the near future subject to market conditions.

The funds received from the hybrid bond would be used for Stockmann’s general corporate purposes and refinancing of existing debt maturing in 2016. The hybrid bond would thus also contribute to the successful implementation of the company’s strategy.

A hybrid bond is an instrument which is subordinated to the company’s other debt obligations and which is treated as equity in the company´s consolidated financial statements prepared in accordance with the IFRS. The hybrid bond does not confer to its holders the rights of a shareholder and does not dilute the holdings of the current shareholders.

Danske Bank A/S is acting as coordinator and Danske Bank A/S and Pohjola Bank plc as lead managers in the transaction. Roschier Attorneys Ltd acts as legal advisor to Stockmann.

Further information:
Lauri Veijalainen, CFO, tel. +358 9 121 5062
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.lindex-group.com

STOCKMANN plc

Per Thelin
CEO

Distribution:
Nasdaq Helsinki
Principal media

DISCLAIMER

Information contained in this release may not be released, published or distributed, directly or indirectly, in the United States, Australia, Canada, Hong Kong, Japan or Singapore or such other countries or otherwise in such circumstances in which the offering of the capital securities would be unlawful or require measures other than those required under the laws of Finland. This release does not constitute an offer of, or an invitation to purchase, the capital securities in any jurisdiction. No offer will be made to persons whose participation in the offering requires any additional information memorandum or registration. The capital securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons. Terms used in the preceding sentence have the meanings given to them by Regulation S under the U.S. Securities Act of 1933. Any subscription or purchase of the capital securities may only be made on the basis of the information contained in the applicable information memorandum published and distributed by Stockmann.

Stockmann has not authorized the offering of the capital securities to the public in any member state of the European Economic Area (the “EEA”). All offers of the capital securities in the EEA will be made pursuant to an exemption under the Directive 2003/71/EC (as amended by Directive 2010/73/EU, the “Prospectus Directive”), as implemented in the member states of the EEA, from the requirement to produce a prospectus under the Prospectus Directive for offers of securities. The offer is only addressed to and directed at persons in member states of the EEA who are “qualified investors” within the meaning of Article 2(1)(e) of Prospectus Directive and the minimum size of the investment as well as the unit size is EUR 100,000. The expression an “offer to the public” in relation to any capital securities in any member state of the EEA means the communication in any form and by any means of sufficient information on the terms of the offer and any capital securities to be offered so as to enable an investor to decide to purchase any capital securities, as the same may be varied in that member state by any measure implementing the Prospectus Directive in that member state.

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