NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
The holders of Delete Group Oyj’s (“Delete” or the “Issuer“) secured fixed rate notes due 2021 (ISIN FI4000252119) (the “Notes“) (the “Noteholders“) have approved certain amendments requested by Delete to the terms and conditions of the Notes (the “Terms and Conditions“) and authorised Nordic Trustee Oy (the “Agent“) to take certain actions on their behalf (the “Requests“) in accordance with the terms and conditions set out in the notice of written procedure dated 16 December 2020 (the “Notice“).
The Issuer has been informed by the Agent that a sufficient number of Noteholders voted in favour of the Requests in the written procedure. Therefore, the Requests have been approved by the Noteholders and the Issuer is not obliged to apply the net proceeds received from the divestment by Delete Finland Oy of all its shares in its subsidiary Delete Demolition Oy to a mandatory partial redemption in accordance with the existing Terms and Conditions as long as the such sale is completed by 28 February 2021 (the “Long Stop Date“) and the Agent is authorised to take the actions specified in the Notice. However, the amendments to the Terms and Conditions shall become effective on the date when the Agent is satisfied that the conditions for effectiveness of the requested amendments set out in the Notice have been satisfied (or waived), provided that such date must in any case be no later the Long Stop Date.
For questions relating to the written procedure, please contact the Agent. For questions regarding the Requests, please contact the Issuer.
Nordic Trustee Oy
Address: Aleksanterinkatu 44, FI-00100, Helsinki, Finland
phone: +358 400 202 474
For more information:
Ville Mannola, CFO
phone: +358 400 357 767
DELETE GROUP IN BRIEF
Delete Group is one of the leading environmental service providers in the Nordics. After the Demolition Sale, the group offers business-critical client services, which require specialist competences and specialized equipment through two business areas: Industrial Cleaning Services and Recycling Services.
The Group is headquartered in Helsinki and employs approximately 700 professionals at over 35 locations in Finland and Sweden after the Demolition Sale.
This announcement must be read in conjunction with the Notice. If any Noteholder is in any doubt as to the contents of this announcement, the Notice or the action it should take, such Noteholder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, legal counsel, accountant or other appropriately authorised independent financial adviser.
This announcement is for information purposes only and neither this announcement nor the Notice constitutes an invitation to participate in the written procedure or to vote on the Requests in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution or publication of this announcement or of the Notice in certain jurisdictions may be restricted by law and persons into whose possession this announcement or the Notice come are required by Delete to inform themselves about, and to observe, any such restrictions.
The Requests are only being made outside the United States. Neither this announcement nor the Notice is an offer of securities for sale in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act“), or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States, unless an exemption from the registration requirements of the Securities Act is available.