HARVIA PLC STOCK EXCHANGE RELEASE 20 APRIL 2018 AT 10.00 P.M. EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Stabilisation measures taken and discontinuation of the stabilisation period
With reference to the offering circular published by Harvia Plc ("Harvia", "Company") on 9 March 2018 and company announcement dated on 21 March 2018 regarding the result of the initial public offering of Harvia (the "Offering"), Harvia has received notification that Danske Bank A/S, Finland Branch ("Danske Bank"), acting as stabilising manager in the Offering, has carried out stabilisation measures between 16 April 2018 and 20 April 2018. The Company has additionally been informed by Danske Bank that the stabilisation period has been discontinued and that no further stabilisation measures will be undertaken.
CapMan Buyout X Fund A L.P and CapMan Buyout X Fund B Ky (together the "Funds Managed by CapMan") have, in connection with the Offering, granted Danske Bank an option to purchase up to an additional 1,539,109 shares in the Company at the subscription price of the Offering, in order to cover any over-allotment in connection with the Offering. Danske Bank has today decided to partially exercise the over-allotment option granted by Funds Managed by CapMan. Danske Bank purchases 1,438,437 shares in Harvia from Funds Managed by CapMan and redelivers simultaneously to Funds Managed by CapMan the shares borrowed by Danske Bank according to the Share Lending Agreement related to the Offering. After exercising the over-allotment option, the ownership of Funds Managed by CapMan in the Company will be 4,605,679 shares in total, representing 24.6 percent of all shares in the Company.
Danske Bank (contact: Jens Plenov, tel: +442074108000) has announced that it has performed stabilisation measures (in accordance with Article 3.2(d) of the EU Market Abuse Regulation (EU) No. 596/2014) on Nasdaq Helsinki in accordance with what is set out below.
| Stabilisation Information | |
| Issuer | Harvia Plc |
| Securities | Ordinary Shares (ISIN: FI4000306873) |
| Offering size | 11,804,274 Shares |
| Offer price | EUR 5.00 per Share |
| Ticker | HARVIA |
| Stabilisation manager | Danske Bank A/S, Finland Branch |
| Stabilisation Transactions | ||||||
| Date | Price (lowest) | Price (highest) | Price (weighted average) | Quantity | Currency | Market |
| 22-3-2018 | 5.00 | 5.00 | 5.00 | 38,126 | EUR | Nasdaq Helsinki |
| 23-3-2018 | 5.00 | 5.00 | 5.00 | 56,449 | EUR | Nasdaq Helsinki |
| 26-3-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 27-3-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 28-3-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 29-3-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 3-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 4-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 5-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 6-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 9-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 10-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 11-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 12-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 13-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 16-4-2018 | 5.00 | 5.00 | 5.00 | 100 | EUR | Nasdaq Helsinki |
| 17-4-2018 | 5.00 | 5.00 | 5.00 | 2,253 | EUR | Nasdaq Helsinki |
| 18-4-2018 | 5.00 | 5.00 | 5.00 | 326 | EUR | Nasdaq Helsinki |
| 19-4-2018 | - | - | - | - | EUR | Nasdaq Helsinki |
| 20-4-2018 | 5.00 | 5.00 | 5.00 | 3,418 | EUR | Nasdaq Helsinki |
Additional information:
Tapio Pajuharju, CEO
tel. +358 50 5774 200
tapio.pajuharju@harvia.fi
DISCLAIMER
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, New Zealand, Australia, Japan, Hong Kong, Singapore or South Africa. The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Harvia Plc (the "Company") does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The issue, exercise and/or sale of securities in the initial public offering are subject to specific legal or regulatory restrictions in certain states. The Company, Danske Bank A/S, Finland Branch and Handelsbanken Capital Markets, a part of Svenska Handelsbanken AB (publ), assume no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale or offer of the securities referred to herein 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. Investors must neither accept any offer for, nor acquire, any securities referred to in this release, unless they do so on the basis of the information contained in the prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area other than Finland. With respect to each Member State of the European Economic Area other than Finland, and which has implemented the Prospectus Directive (each, a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression an "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe the securities, as the same may be varied by any measure implementing the Prospectus Directive in that Relevant Member State and the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within 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) 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.
