YIT announces new strategy and financial targets for 2025-2029, introduces a new segment structure
STOCK EXCHANGE RELEASE 24 June 2013 at 14.15. p.m.
YIT CORPORATION TO ANNUL THE DOMESTIC BONDS BOUGHT BACK IN THE VOLUNTARY INVITATION TO TENDER
YIT Corporation (”YIT”) announced on 21 May 2013 to commence a voluntary invitation to tender of the floating rate bonds issued by the company. The bonds bought back in the invitation to tender regarding YIT Corporation EUR 50,000,000 Floating Rate Notes due August 2014, ISIN code FI4000037874 (hereinafter ”Notes due August 2014”) and YIT Corporation EUR 50 million floating rate bonds 1/2007, ISIN code FI0003024216 (hereinafter ”Notes due March 2014”) have today been transferred to the company. YIT has decided to annul the bonds transferred to the company.
YIT announced on 30 May 2013 the final result of the voluntary invitation to tender. After the aforementioned announcement the company has decided to buy back the Notes due March 2014 for the nominal amount of EUR 250,000 in addition to the amount announced on 30 May 2013. Thus the percentage share of the Notes due March 2014 of all the Notes due March 2014 whose holders have sold their bonds to YIT, is approximately 43.1 per cent. The outstanding principal amount of the remaining Notes due March 2014 will after the settlement date of the invitation to tender thus be EUR 28,450,000.
In accordance with the announcement on 30 May 2013, the percentage share of the Notes due August 2014 whose holders have sold their bonds to YIT, is approximately 0.2 per cent, and the percentage share of the Floating Rate Bonds due September 2016, ISIN code SE0001826686 (hereinafter ”Notes due September 2016”) of all the Notes due September 2016 whose holders have sold their bonds to YIT, is approximately 24.0 per cent. The outstanding principal amount of the remaining Notes due August 2014 will after the settlement date of the invitation to tender thus be EUR 49,900,000, and the outstanding principal amount of the remaining Notes due September 2016 will after the settlement date of the invitation to tender thus be EUR 19,007,600. YIT has not made a resolution on the annulment of the Notes due September 2016 that will come into its possession.
Helsinki, 24 June 2013
YIT Corporation
Board of Directors
For further information, please contact:
Janne Tallqvist, Group Treasurer, YIT Corporation, tel. +358 50 512 4913, janne.tallqvist@yit.fi
Distribution:
NASDAQ OMX Helsinki
Major media
www.yitgroup.com
DISCLAIMER
This announcement is not an offer of securities for sale in any jurisdiction.
No securities are being registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of securities is being made in the United States.
This release includes forward-looking statements. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this communication, including, without limitation, those regarding the demerger plan and its execution. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Such statements are based on numerous assumptions and may differ materially from (and be significantly more negative than) those made in, or suggested by, the forward-looking statements contained in this release.