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Boreo Plc - Tender Offer 2024 (FI) - Launch

Inside information: Boreo Plc considers issuance of new EUR 20,000,000 capital securities (hybrid bond) and announces tender offer for its outstanding notes issued on 9 February 2022 - FI4000517594

11 MARCH 2024


Full announcement including disclaimers and offer restrictions available via Boreo Plc


Boreo Plc ("Boreo" or the “Company”) announces its intention to issue a new EUR 20,000,000 capital securities (hybrid bond) (the "New Capital Securities"). At the same time, Boreo also invites today the holders of the outstanding EUR 20,000,000 8.000 per cent hybrid notes (ISIN code FI4000517594) issued on 9 February 2022 by Boreo (the "Notes") to tender their Notes for cash on the terms and conditions set out in the tender offer memorandum dated 11 March 2024 (the "Tender Offer Memorandum") (the "Tender Offer").

Holders of the Notes (the "Holders") are advised to read carefully the Tender Offer Memorandum for full details of, and information on the procedures for participating in, the Tender Offer. The Tender Offer Memorandum is available from the dealer manager.


Pursuant to the Tender Offer, Boreo proposes to accept for purchase any and all of the Notes. Boreo however reserves the right, in its sole discretion, to decide on the acceptance for purchase of the Notes, including not to accept any purchase of the Notes. Whether Boreo will purchase any Notes validly tendered in the Tender Offer is subject, without limitation, to completion of the issue of the New Capital Securities (the "New Issue Condition").


The purchase price of the Notes is EUR 20,200 per EUR 20,000 in nominal amount of the Notes (equalling to 101.00 per cent of the nominal amount of the Notes). In addition, accrued and unpaid interest will be paid in respect of all Notes validly tendered and delivered and accepted for purchase.


The issuance of New Capital Securities may take place in the near future, subject to market conditions.

The Tender Offer period begins on 11 March 2024 and expires at 4:00 p.m. Finnish time on 15 March 2024, unless extended, re-opened or terminated as provided in the Tender Offer Memorandum."


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