CapMan Plc Stock Exchange Release 19 March 2009 at 1.40 p.m.
The size of the hybrid bond issued by CapMan Plc in December 2008 has increased to EUR 28.0 million. The bond is issued to Finnish institutional investors in order to strengthen the Group’s capital structure and to finance investments that CapMan Plc has made to the funds managed by the Group in line with its strategy.
The coupon rate for the bond is 11.25% p.a. and it is payable semi-annually. As the bonds are issued as serial bonds, the size of the issue may be increased to EUR 30 million. The bond has no maturity but the Company may call the bond after five years. The bond will be treated as equity in the Group’s IFRS financial statements. The issuance of the bond will not dilute holdings of the Company’s shareholders.
A hybrid bond is a bond that is subordinated to a company’s other debt obligations but senior to its other equity instruments. Hybrid bonds do not entitle their holders to shareholder rights within the Company.
For more information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel. +358 207 207 504 or +358 50 559 6580
CAPMAN PLC
Mari Reponen
Communications Director
Investor Services
DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.capman.com
CapMan www.capman.com
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.4 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs over 140 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.
