Following an offer to the shareholders of Velcora Holding AB (publ) (the “Issuer”), IDEX Corporation (“IDEX”) has as per 18 July 2019 confirmed it has acquired and become owner of all outstanding shares and votes in the Issuer. The acquisition of the shares in the Issuer by IDEX constitutes a change of control event as further described in the terms and conditions for the 2015/2021 SEK 525,000,000 Senior Secured Callable Floating Rate Bonds (ISIN: SE0007279724) issued by the Issuer (the “Bonds”).
As a result of the change of control event, each bondholder may exercise its right to repurchase of its Bonds, in whole or in part, at a price equal to 101 percent of the outstanding nominal amount (SEK 1,000,000 per Bond) together with accrued but unpaid interest up until and including the Repurchase Date (as defined below) (Sw. lösendagen), pursuant to condition 10.6 (Mandatory repurchase due to a Change of Control event (put option)) of the terms and conditions. A bondholder who wants to exercise its right to repurchase of its Bonds, in whole or in part, shall sign and send a repurchase instruction form to the Issuer.
The repurchase instruction can be obtained from the Issuer. The repurchase instruction requires disclosure of the ultimate beneficial ownership information to the Issuer. Please note that a complete repurchase instruction form must have been received by the Issuer no later than 9 September 2019 in order to be valid. A submitted repurchase instruction form may be revoked prior to 9 September 2019.
The repurchase date applicable to those bondholders who has sent a repurchase instruction form in respect of all, or some only, of their Bonds due to the change of control event, in due time, will be 2 October 2019 (the “Repurchase Date”).
Address for sending repurchase instruction
By regular mail:
Velcora Holding AB (publ),
c/o Roplan Holding AB
Box 120
147 22 Tumba, Sweden
By email: info@velcora.com
Further Information
For further questions please contact:
Jonatan Forsberg, +46 (0) 708 78 43 33
Carl Svernlöv, at Baker McKenzie Advokatbyrå, the Issuer's legal counsel, +46 (0) 8 566 177 07
About Velcora
Velcora is an engineering group comprising the two businesses Roplan and Steridose. Roplan provides custom shaft seals on a global market for a wide range of industry sectors including Hygienic, Industrial and Maritime. Steridose provides engineered process components for the biopharmaceutical industry.
For further information on Velcora, Roplan and Steridose, visit the company websites at www.velcora.com, www.roplan.com and www.steridose.com
This information is information that Velcora Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13.00 CET on 18 July 2019.
Attachment
