Lassila & Tikanoja plc issues EUR 75 million sustainability-linked notes due 2028

Lassila & Tikanoja plc
Stock exchange release
12 May 2022 at 6.00 pm

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Lassila & Tikanoja plc issues EUR 75 million sustainability-linked notes due 2028

Lassila & Tikanoja plc (the “Company”) issues senior unsecured sustainability-linked notes in the amount of EUR 75 million (the “New Notes”). The New Notes will mature on 19 May 2028, bear a fixed annual interest at the rate of 3.375 per cent and have an issue price of 99.882 per cent.

“Lassila & Tikanoja is proud to be among the first Finnish listed companies to issue sustainability-linked notes. Our mission is to make circular economy a reality and sustainability is at the very heart of our strategy. The demand for the notes has been strong in the Nordics. These notes extend the average maturity of our bond portfolio and provide an incentive towards reaching our ambitious sustainability targets” says the Company’s CFO Valtteri Palin.

An application will be made for the New Notes to be listed on Nasdaq Helsinki Ltd. The funds from the issue of the New Notes will be used for the partial repurchasing of the Company’s outstanding EUR 50 million notes due 2023 and for general corporate purposes.

Danske Bank A/S acts as the Sole Lead Manager for the issue of the New Notes and as the Sole Sustainability Structuring Advisor on the establishment of the Company's sustainability‑linked bond framework assessed by the second-party opinion provider Sustainalytics.

LASSILA & TIKANOJA PLC

Valtteri Palin
CFO

Contact information

Valtteri Palin, tel. +358 40 734 7749

Lassila & Tikanoja is a service company that is putting the circular economy into practice. Together with our customers, we keep materials and properties in productive use for as long as possible and we enhance the use of raw materials and energy. This is to create more value with the circular economy for our customers, personnel and society in a broader sense. Achieving this also means growth in value for our shareholders. Our objective is to continuously grow our actions’ carbon handprint, our positive effect on the climate. We assume our social responsibility by looking after the work ability of our personnel as well as offering jobs to those who are struggling to find employment, for example. With operations in Finland and Sweden, L&T employs 8,171 people. In 2021, the company’s net sales amounted to EUR 812.5 million. L&T is listed on Nasdaq Helsinki.

Distribution

Nasdaq Helsinki

Major media

www.lt.fi/en

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the New Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The New Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This communication does not constitute an offer of New Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the New Notes. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). In addition, this communication is, in any event only directed at persons who are "qualified investors" pursuant to Regulation 2017/1129 of the European Parliament and of the Council, as amended, (the "Prospectus Regulation") as the Prospectus Regulation forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018. Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.