European Energy A/S announces final tender results for certain outstanding callable subordinated green capital securities and pricing of new EUR capital securities
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THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR ISSUE OR INVITATION TO PURCHASE OR SUBSCRIBE FOR, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES.
European Energy A/S announces final tender results for certain outstanding callable subordinated green capital securities and pricing of new EUR capital securities
Company Announcement
Company Announcement no. 11/2023 (19.06.2023)
Copenhagen, 19 June 2023: European Energy A/S (the “Company”) today announces the final results of its invitation dated 9 June 2023 to the holders of its outstanding callable subordinated green capital securities outlined below (the “Existing Capital Securities”) to tender Existing Capital Securities for purchase by the Company (the “Tender Offer”).
The Tender Offer was made on the terms and subject to the conditions set out in a tender information document dated 9 June 2023 (the “Tender Information Document”), available on the website of the Company (www.europeanenergy.com).
The Tender Offer expired at 4:00 PM CET on 19 June 2023. The Company has not received any Priority Tenders (as defined in the Tender Information Document).
The Company furthermore announces that a total nominal amount of new EUR denominated callable subordinated green capital securities of EUR 15,000,000 due 3023 (the “New Capital Securities”), to be consolidated and form a single series with the Company’s existing EUR 100,000,000 callable subordinated green capital securities due 3023 with ISIN DK0030521927, have been successfully priced. The interest rate of the New Capital Securities is 10.750% and the issue price of the New Capital Securities is 100% (plus accrued interest). The net proceeds of the New Capital Securities will be used for financing or refinancing of eligible projects in accordance with the Company’s Green Finance Framework.
Settlement of the New Capital Securities is expected to occur on 26 June 2023.
Bookrunner and Dealer Manager:
Danske Bank
Email: liabilitymanagement@danskebank.dk
For further information, please contact the Company:
E-mail: investor.relations@europeanenergy.dk
https://europeanenergy.com/en/investor
Important Notice
This announcement is for information purposes only and is not an offer to sell or buy any securities. Any securities mentioned in this announcement may not be sold in the United States unless they are registered under the US Securities Act of 1933, as amended (the “Securities Act”) or are exempt from registration. Any securities described in this announcement have not been and will not be registered under the Securities Act, and accordingly any offer or sale of such securities may be made only in a transaction exempt from registration requirements of the Securities Act.
It may be unlawful to distribute this announcement in certain jurisdictions. This announcement is not for distribution, directly or indirectly, in or to the United States, Australia, Japan, Canada, New Zealand, South Africa, Hong Kong, Switzerland, Singapore or any other jurisdiction where such distribution would be unlawful or require registration or any other measures.
This Company Announcement has been made in accordance with Regulation (EU) No 596/2014 on market abuse (the “Market Abuse Regulation”) and contains information that prior to its disclosure may have constituted inside information under the Market Abuse Regulation.
