Delete Group Oyj (“Delete“) announced on 12 May 2023 that its shareholders had signed a binding sale and purchase agreement with Remondis Maintenance & Services International GmbH regarding the sale of all the shares in Delete (the “Transaction“). Moreover, Delete announced that it would, subject to obtaining all customary closing conditions, including approvals by relevant competition authorities required to complete the Transaction (the “Competition Clearances“), voluntarily redeem (the “Redemption“) all its outstanding senior secured notes maturing on 19 April 2024 (ISIN FI4000252119) (the “Notes“) and that it would confirm the exact date of the closing once the Competition Clearances have been received.
The Swedish competition authority (Konkurrensverket) (the “Competition Authority“) initiated an in-depth (Phase 2) investigation of the Transaction on 2 August 2023. The Competition Authority has now completed its investigation and has resolved to approve the Transaction unconditionally.
As the Competition Clearances have now been received, Delete hereby confirms that the Transaction will be completed on or about 29 November 2023. The exact closing date (the “Closing Date”) will be announced in a separate release as soon as possible. In accordance with the T&C, the Redemption will be made at an amount equal to 101 per cent of the prepaid nominal amount per note together with accrued but unpaid interest (until and including the Closing Date) (the “Redemption Amount“). On the Closing Date, funds sufficient to cover the Redemption Amount will be paid into a blocked account of Delete held with Nordea Bank Abp (the “Escrow Account“) from which the funds will be used on the next business day following the Closing Date towards the Redemption (such date, the “Redemption Date“). The security and guarantees granted as security for all of Delete’s obligations under the Notes (other than the security granted over the Escrow Account) will be released by the security agent, Nordic Trustee Oy, on the Closing Date once the Redemption Amount has been paid into the Escrow Account.
Delete Group Oyj
FOR FURTHER INFORMATION, PLEASE CONTACT
Ville Mannola, Group CFO, Delete Group Oyj
tel. +358 400 357 767
DELETE GROUP IN BRIEF
Delete Group is a leading provider of environmental services in the Nordic countries. The Group provides customers with business-critical services that require special expertise and equipment for cleaning services. The Group’s head office is located in Vantaa and it employs approximately 675 professionals in 29 locations in Finland and Sweden. deletegroup.fi