LEHTO GROUP PLC'S SIGNIFICANT SHAREHOLDERS LAUNCH ACCELERATED BOOKBUILT OFFERING OF LEHTO GROUP PLC SHARES
28 FEBRUARY 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, SOUTH AFRICA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW
Lehto Group Plc's significant shareholders Asko Myllymäki, Winduo Oy, Tomi Koivukoski and Markus Myllymäki (the "Sellers") announce today, 28 February 2018, an offering to sell at least 5 000 000 shares in Lehto Group Plc, corresponding to at least approximately 8.6 per cent of the outstanding shares and votes in Lehto Group Plc (the “Share Sale”).
Asko Myllymäki, who is the Chief Commercial Officer of Lehto Group Plc, will give an undertaking to the Global Coordinator not to sell his remaining shareholding in Lehto Group Plc during a 180-day period after the Share Sale. The Sellers are not members of the Board of Directors or Executive Vice Presidents of Lehto Group Plc.
The shares offered in the Share Sale will be placed in an accelerated bookbuilt offering to international and Nordic institutional investors. The price of the shares offered will be determined by the bids received in the accelerated bookbuilt offering. The books for the Share Sale will open with immediate effect. The Sellers expect to announce the outcome of the Share Sale at the latest on 1 March 2018.
OP Corporate Bank plc ("OP") acts as a Global Coordinator and a Joint Bookrunner and Pareto Securities (“Pareto”) as a Joint Bookrunner for the Share Sale.
Further information: Asko Myllymäki, tel: +358 40 527 3294
OP and Pareto are acting exclusively for the Sellers and no one else and they will not regard any other person (whether or not a recipient of this release) as their respective clients in relation to the Share Sale. OP or Pareto will not be responsible to anyone other than the Sellers for providing the protections afforded to their respective clients and will not give advice in relation to the Share Sale or any transaction or arrangement referred to herein. OP or Pareto assume no responsibility for the accuracy, completeness or verification of the information set forth in this release and, accordingly, disclaim, to the fullest extent permitted by applicable law, any and all liability which they may otherwise be found to have in respect of this release. Nothing contained in this release is, or shall be relied upon as, a promise or representation as to the past or the future.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa or Japan. This release does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the Share Sale in the United States or to conduct a public offering of securities in the United States.
The issue, exercise or sale of securities in the Share Sale are subject to specific legal or regulatory restrictions in certain jurisdictions. The Sellers assume no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein 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.
The Sellers have not authorized any offer to the public of securities in any Member State of the European Economic Area. The securities referred to in this release may only be offered in Relevant Member States (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto).
This communication is directed only at (i) persons who are outside the United Kingdom or (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") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). 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.