Inside information: Lamor Corporation Plc considers issuance of new green notes

22.5.2023 11:30:00 EEST | Lamor Corporation Oyj | Company Announcement

Lamor Corporation Plc        Company release, Inside Information      22 May 2023, 11:30 a.m. EEST

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, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

Inside information: Lamor Corporation Plc considers issuance of new green notes

Lamor Corporation Plc (the "Company") announces its intention to issue new euro-denominated fixed-rate senior unsecured green notes with a minimum aggregate nominal amount of EUR 30 million (the "Notes") and with a tenor of 3 years. The Company will make an application for the Notes to be listed on the official list of Nasdaq Helsinki Ltd. The issuance of the Notes will take place in the near future, subject to market conditions. The terms and conditions of the Notes are expected to include customary covenants relating to, among other things, the Company's leverage, equity ratio and certain restricted payments. The Notes will be offered pursuant to an exemption from the obligation to publish a prospectus under Article 1(4) of the Prospectus Regulation ((EU) 2017/1129, as amended).

The Company intends to use the net proceeds from the issue of the Notes in accordance with the Company's Green Finance Framework announced today. The Green Finance Framework enables the Company to mobilise debt capital to support investments to protect the environment and ecosystems globally and to promote a circular economy. The framework is available on Lamor's website at www.lamor.com/investor-relations/debt-financing.

Danske Bank A/S acts as the sole green structuring adviser to Lamor and acts as the sole lead manager for the contemplated issue of the Notes.

Further enquiries

Mika Pirneskoski, CEO, tel. +358 40 757 2151

Timo Koponen, CFO, tel. +358 40 749 2986

Certified adviser

Danske Bank A/S, Finland branch

Lamor in brief

Lamor is one of the leading global providers of environmental solutions. Lamor provides its customers with versatile environmental protection and material recycling solutions and services, such as clean-up and preparedness services related to oil spill response and environmental incidents, services for the treatment of waste, recycling of plastics, and tailored and adapted soil and water treatment solutions. Lamor operates together with its local partners, offering a wide selection of solutions, which can be tailored according to the needs of each customer, and aiming to clean the world, for which the company has worked since its incorporation. The company's share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki under the trading code LAMOR. Further information: www.lamor.com.

Disclaimer

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the United States 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 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 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, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons 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 Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Notes. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom that are qualified investor within the meaning of Article 2(e) of the Prospectus Regulation as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 that are also (a) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (b) high net worth entities, and (iii) other persons to whom it may lawfully be communicated, falling within Article 49(2) 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.