Resolution of the Noteholders’ Meeting of Componenta Corporation Notes 2013

Componenta Corporation Stock Exchange Release 14.7.2014 at 16.50

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| Source: Componenta Oyj
multilang-release

The noteholders’ meeting of Componenta Corporation Notes 2013, held on 14 July 2014, resolved, in accordance with the proposal of Componenta Corporation, to amend clause 5 of the terms and conditions of the 2013 Notes and the Redemption Date defined pursuant to clause 5 of the terms and conditions of the 2013 Notes to enable the Board of Directors of the Company to decide on a premature redemption of the 2013 Notes.

Clause 5 of the terms and conditions of the 2013 Notes was amended to read as follows:

“5. Redemption Date
The Notes shall be repaid in full at their nominal principal amount on 2 March 2017 or (subject to the prior or simultaneous repayment of all Existing Senior Debt of the Company) on any prior date as determined by the Board of Directors of the Issuer (the “Redemption Date”), to the extent the Issuer has not prepaid the Notes in accordance with Clause 8 (Change of Control and Delisting Event) or 10 (Events of Default) below.”

The approved amendments of the terms and conditions of the 2013 Notes become effective immediately.

Helsinki, 14 July 2014

COMPONENTA CORPORATION
 

Heikki Lehtonen
President and CEO

 

For further information, please contact:

Heikki Lehtonen
President and CEO
tel. +358 10 403 2200

Mika Hassinen
CFO
tel. +358 10 403 2723

   

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 511 million in 2013 and its share is listed on the NASDAQ OMX Helsinki. The Group employs approx. 4,400 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.