On 18 July 2019, it was announced that IDEX Corporation ("IDEX") had completed the acquisition of all outstanding shares and votes in Velcora Holding AB ("Velcora" or the "Company") and that the acquisition constituted 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 Company (the "Bonds"). Velcora today gives notice of early redemption of the Bonds in full and announces its intention to apply for de-listing of the Bonds from Nasdaq Stockholm.
Velcora gives notice to exercise its option for early redemption of its outstanding Bonds in full in accordance with clause 10.3 of the Terms and Conditions for the Bonds. The redemption date will be set to 3 September 2019 (the "Redemption Date") and all the Bonds will be redeemed at 104.00 per cent of the nominal amount (i.e., SEK 1,040,000.00 per Bond) (the "Redemption Amount").
The Redemption Amount, together with any accrued and unpaid interest up to and including the early Redemption Date, will be paid to each person who is registered as owner of Bonds in the debt register maintained by Euroclear Sweden at end of business on 27 August 2019 in accordance with the Terms and Conditions of the Bonds. Expected payment date is 3 September 2019.
In connection with the redemption, Velcora intends to apply for de-listing of the Bonds from Nasdaq Stockholm.
This press release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Company.
Further Information
For further questions please contact:
Jonatan Forsberg, +46 (0) 708 78 43 33
Markus Meuller, at Baker McKenzie Advokatbyrå, the Company’s legal counsel,
+46 (0) 8 566 177 54
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 15:00 CET on 8 August 2019.
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
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