Listing prospectus for Solteq Plc’s EUR 23,000,000 notes available
Solteq Plc, Stock exchange release, 1 October 2020 at 3:00 pm EEST
Solteq Plc (“Solteq” or the “Company”) announced on 15 September 2020 its decision to issue new notes. New euro-denominated senior unsecured fixed rates notes in a nominal amount of EUR 23,000,000 (the “New Notes”), which will mature on 1 October 2024, bear a fixed interest rate of 6.00 per cent per annum and are callable before their final maturity.
The Finnish Financial Supervisory Authority has today approved the listing prospectus of the New Notes. The listing prospectus is available in English on the Company's website at www.solteq.com/en/investors/releases-and-publications/prospectuses.
Solteq has submitted an application for the admission to trading of the New Notes on the official list of Nasdaq Helsinki Ltd. Nasdaq Helsinki Ltd is expected to admit the New Notes to public trading as of 5 October 2020 under the trading code “STQJ600024”. Danske Bank A/S acts as Lead Manager for the issue and Borenius Attorneys Ltd acts as the legal advisor for the Company.
CEO Olli Väätäinen
Tel: +358 50 557 8111
CFO Kari Lehtosalo
Tel: +358 40 701 0338
Solteq is a Nordic provider of IT services and software solutions specializing in the digitalization of business and industry-specific software. The key sectors in which the company has long term experience include retail, industry, energy and services. The company operates in Finland, Sweden, Norway, Denmark, Poland and the UK and employs 600 professionals.
MiFID II product governance / Professional investors, eligible counterparties and retail investors target market
Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the New Notes has led to the conclusion that:
- the target market for the New Notes is eligible counterparties and professional clients and retail clients, each as defined in Directive 2014/65/EU (as amended, “MiFID II”); and
- all channels for distribution of the New Notes are appropriate.
Any person subsequently offering, selling or recommending the New Notes (a “distributor”) should take into consideration the manufacturer’s target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the New Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.
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 or 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 or otherwise transferred directly or indirectly, within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act (each a “U.S. Person”)) 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 the 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) investment professionals 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) and (iv) other persons to whom this communication may lawfully be distributed (all such persons together being referred to as “relevant persons”). Any investment activity 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.