SRV’s rights offering significantly oversubscribed

SRV’s rights offering significantly oversubscribed

Not for publication, distribution or release, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore.

• Rights offering oversubscribed by 14.5 percent
• Net proceeds of approximately EUR 48.5 million
• Total number of shares in SRV to increase to 60,499,575  shares

The Board of Directors of SRV Group Plc has today approved all subscriptions made pursuant to subscription rights.

A total of 27,182,182 shares were subscribed for in SRV’s the rights offering, representing 114.5 percent of the 23,731,107 shares offered (the “offer shares”). A total of 23,292,610 shares were subscribed for pursuant to subscription rights, representing 98.2 percent of all offer shares, and a total of 3,889,572 shares were subscribed for without subscription rights in the secondary subscription, representing 16.4 percent of all offer shares.

The subscription price was EUR 2.11 per offer share and SRV raised net proceeds of approximately EUR 48.5 million through the rights offering. As a result of the rights offering, the total number of shares in SRV will increase to 60,499,575. The offer shares will carry all ordinary shareholder rights in SRV, including the right to receive dividends and other distributions of funds, if any, as of the registration of the offer shares with the Finnish trade register, on or about 14 September 2015.

Trading in interim shares (SRV1VN0115), representing the offer shares subscribed for pursuant to subscription rights commenced on 9 September 2015. The interim shares will be combined with SRV’s ordinary shares (SRV1V) when the offer shares have been registered with the Finnish trade register, on or about 14 September 2015. Trading of the offer shares will commence on the official list of NASDAQ OMX Helsinki Ltd on 15 September 2015. The offer shares subscribed for without subscription rights (secondary subscription) will be recorded on the subscriber’s book-entry account directly as ordinary shares on or about 15 September 2015.

The account operators will confirm to the subscribers the subscriptions for offer shares subscribed for without subscription rights (secondary subscription) on or about 16 September 2015. The subscription price paid for the unallocated offer shares will be refunded to such subscribers on or about 17 September 2015.

Nordea Bank Finland Plc and Pohjola Bank plc acted as the managers for the rights offering.

Further information:

Juha Pekka Ojala, President and CEO, tel: +358 (0)40 733 4173

Ilkka Pitkänen, CFO, tel. +358 (0)40 667 0906

Päivi Kauhanen, Vice President, Communications, tel. +358 (0)50 598 9560

www.srv.fi

DISCLAIMER

This announcement is not being made in and copies of it may not be distributed or sent into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore. This announcement does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. SRV Group Plc does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.

This communication does not constitute an offer of the securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of 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)(a) to (d) 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.

 

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