• news.cision.com/
  • Tietoevry/
  • Obtained noteholder consents in respect of the EUR 300 million notes due 2025 not becoming effective due to the discontinuation of Tietoevry’s demerger process
English

Obtained noteholder consents in respect of the EUR 300 million notes due 2025 not becoming effective due to the discontinuation of Tietoevry’s demerger process

Report this content

Tietoevry Corporation  STOCK EXCHANGE RELEASE     25 April 2024   4:30 p.m. EEST

Tietoevry announced on 21 March 2024 that it has received the required consents from the noteholders of its outstanding EUR 300 million senior unsecured notes due June 2025 in accordance with the terms and conditions set out in the notice of the noteholders' meeting dated 5 March 2024. Consents were solicited to enable the separation of Tietoevry's Banking business through a partial demerger.

The obtained consents and waivers sanctioned by the noteholders in relation to the proposal and the payment of the fees are conditional on the approval of the demerger by the extraordinary general meeting of Tietoevry’s shareholders before 30 September 2024.

On 25 April 2024, Tietoevry's Board of Directors decided to further develop Tietoevry Banking as a specialized business within the Group and to discontinue the demerger process and Tietoevry has concluded that the demerger will not be presented to be approved by an extraordinary general meeting of shareholders. Thus, the consents and waivers sanctioned by the noteholders will not become effective and accordingly, no fees will be paid to noteholders.

For further information, please contact:

Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288, tommi.jarvenpaa (at) tietoevry.com

Janne Salminen, Group Treasurer, tel. +358 50 359 8521, janne.salminen (at) tietoevry.com

 

Tietoevry Corporation

 

DISTRIBUTION

NASDAQ Helsinki

NASDAQ Stockholm

Oslo Børs

Principal Media

 

Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.

 

Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com

 

 

 

Subscribe