KONECRANES PLC STOCK EXCHANGE RELEASE 18 DECEMBER 2020 AT 14:45 EET
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW
CONDITIONALITIES FOR PAYMENT OF INSTRUCTION FEES IN CONSENT SOLICITATION FOR KONECRANES PLC’S NOTES DUE 2022 HAVE BEEN FULLFILLED
As announced earlier today by Konecranes Plc (“Konecranes”) and Cargotec Corporation (“Cargotec”), the extraordinary general meetings of Konecranes and Cargotec have approved the merger of Konecranes into Cargotec in accordance with the merger plan approved by the Boards of Directors of Konecranes and Cargotec on 1 October 2020.
Upon these shareholder approvals being granted, all conditionalities for payment of instruction fees to holders of Konecranes’ EUR 250,000,000 1.750 per cent notes due 2022 (ISIN FI4000266606) in relation to the consent solicitation process (“Consent Solicitation”) announced by Konecranes on 1 December 2020 were fulfilled.
In accordance with the terms of the Consent Solicitation, applicable instruction fees will be paid to the eligible noteholders by 21 January 2021.
Kiira Fröberg, Vice President, Investor Relations
Tomi Hintikka, Group Treasurer, tel. +358 20 427 2042, e-mail: [email protected]
In respect of the consent solicitation process, this announcement must be read in conjunction with the consent solicitation memorandum. If any noteholder is in any doubt as to the contents of this stock exchange release, the information contained in the consent solicitation memorandum or the action it should take, such noteholder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.
In a number of jurisdictions, in particular in Australia, Canada, South Africa, Singapore, Japan and the United States, the distribution of this announcement or the consent solicitation memorandum may be subject to restrictions imposed by law (such as registration of the relevant offering documents, admission, qualification and other regulations). Persons into whose possession this announcement or the consent solicitation memorandum comes are required to inform themselves about, and to observe, any such restrictions. In particular, none of the securities referenced in this announcement, including the Notes, nor the consent solicitation have been registered or will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state of the United States and as any securities may not be offered or sold (and the consent solicitation is not being made) in the United States except pursuant to an exemption from registration under the Securities Act.
The consent solicitation is only being made outside the United States. Neither this announcement nor the consent solicitation memorandum is an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in the United States or any other jurisdiction in which such offering, solicitation or sale would be unlawful. This announcement or the consent solicitation memorandum must not be released or otherwise forwarded, distributed or sent, directly or indirectly, in whole or in part, in or into the United States or any jurisdiction where the distribution of these materials would breach any applicable law or regulation or would require any registration or licensing within such jurisdiction. Failure to comply with the foregoing limitation may result in a violation of the Securities Act or other applicable securities laws.
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2019, Group sales totaled EUR 3.33 billion. Including MHE-Demag, the Group has around 17,000 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).