Finnair Plc Stock Exchange Release 8 October
2015 at 16:45 EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY
U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933,
AS AMENDED) OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, SOUTH
AFRICA, SINGAPORE AND JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION
OR RELEASE WOULD BE UNLAWFUL.
This notice must be read in conjunction with the tender offer memorandum dated
28 September 2015 (the “Tender Offer Memorandum”), which was prepared in
relation to the voluntary cash tender offer (the “Tender Offer”). Terms defined
in the Tender Offer Memorandum will have the same meaning where used in this
notice unless otherwise provided.
Finnair Plc announces the results of the Tender Offer for its EUR 120 million
hybrid bonds (ISIN: FI4000049952) issued on 26 November 2012 (the “2012 Hybrid
Bonds”). A total nominal value of EUR 81.7 million of 2012 Hybrid Bonds was
validly tendered in the Tender Offer and accepted for purchase by Finnair (the
Final Acceptance Amount), and Finnair expects to complete the Tender Offer as
set out below.
The Purchase Price of the Tender Offer is EUR 106,750 per each EUR 100,000
nominal amount of the 2012 Hybrid Bond plus Accrued Interest from (and
including) the most recent interest payment date until (but excluding) the
Settlement Date of the Tender Offer expected to fall on 13 October 2015, in
which case Accrued Interest would amount to EUR 3,377.43 per each EUR 100,000
nominal amount of the 2012 Hybrid Bond. The tender consideration will be paid by
Finnair in cash.
The EUR 81.7 million aggregate nominal amount of 2012 Hybrid Bonds purchased by
Finnair pursuant to the Tender Offer will be cancelled and will not be reissued
or resold.
Finnair has appointed Danske Bank Oyj as Tender Agent and each of Danske Bank
A/S and Morgan Stanley & Co. International plc as Dealer Managers in connection
with the Tender Offer.
Tender Agent:
Danske Bank Oyj
Hiililaiturinkuja 2
00180 Helsinki
Finland
Attn: Debt Capital Markets
Tel. +358 10 513 8794
Email:
debtcapitalmarket@danskebank.com
Dealer Managers
Danske Bank A/S Morgan
Stanley & Co. International plc
2–12 Holmens Kanal 25 Cabot
Square
DK-1092 Copenhagen K Canary Wharf
Denmark London E14
4QA
United
Kingdom
Attn: Debt Capital Markets Attn:
Liability Management Group
Tel. +358 10 513 8794 Tel. +44
(0)20 7677 5040
Email: Email:
debtcapitalmarket@danskebank.com
liabilitymanagementeurope@morganstanley.com
Further information:
Financial Communications Manager Ilkka Korhonen, tel. +358 9 818 4705,
ilkka.korhonen@finnair.com
Distribution:
NASDAQ OMX Helsinki
Principal media
Disclaimer
This release is for informational 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 Finnair. The distribution of this release and the
related material concerning the Tender Offer are prohibited by law in certain
countries. Persons into whose possession this release and any such material may
come are required to inform themselves about and comply with such restrictions.
This release and any such material may not be distributed or published in any
country or jurisdiction if to do so would constitute a violation of the relevant
laws of such jurisdiction or would require actions under the laws of a state or
jurisdiction other than Finland, including the United States, Australia, Canada,
Hong Kong, South Africa, Singapore and Japan. No invitation to tender any 2012
Hybrid Bonds is being made pursuant to this release and the information
contained in this release shall not constitute an offer to sell or tender, or a
solicitation of an offer to buy or sell any of Finnair’s securities to any
persons in any jurisdiction in which such offer, solicitation or sale or tender
would be unlawful. None of Finnair, the Dealer Managers, the Tender Agent or
their respective representatives assume any legal responsibility for such
violations, regardless of whether persons contemplating investing in or
divesting Finnair’s securities are aware of these restrictions or not. Please
refer to the Tender Offer Memorandum for a full description of such
restrictions.
Finnair is a network airline specialising in passenger and cargo traffic between
Asia and Europe. Helsinki’s geographical location gives Finnair a competitive
advantage, since the fastest connections between many European destinations and
Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a
unique Nordic experience, and its mission is to offer the smoothest, fastest
connections in the northern hemisphere via Helsinki and the best network to the
world from its home markets. Finnair is the only Nordic carrier with a 4-star
Skytrax ranking and a member of the oneworld alliance. In 2014, Finnair’s
revenues amounted to EUR 2,400 million and it had a personnel of almost 4,500 at
the year-end. Finnair Plc’s shares are quoted on Nasdaq Helsinki.
Finnair announces the results of the voluntary cash tender offer of its hybrid bonds issued in 2012
| Source: Finnair Oyj