RAPALA VMC CORPORATION WILL REDEEM THE EUR 25 MILLION HYBRID BOND – STRATEGY EXECUTION PROGRESSING MUCH FASTER AND SIGNIFICANTLY AHEAD OF PLAN
30 Septiembre 2021 - 9:00AM
RAPALA VMC CORPORATION WILL REDEEM THE EUR 25 MILLION HYBRID BOND –
STRATEGY EXECUTION PROGRESSING MUCH FASTER AND SIGNIFICANTLY AHEAD
OF PLAN
Rapala VMC Corporation Stock Exchange ReleaseSeptember 30, 2021
at 5:00 p.m.
RAPALA VMC CORPORATION WILL REDEEM THE EUR 25 MILLION HYBRID
BOND – STRATEGY EXECUTION PROGRESSING MUCH FASTER AND SIGNIFICANTLY
AHEAD OF PLAN
Rapala VMC Corporation (“the Group”) will repay completely the
outstanding Hybrid Bond. President and CEO Nicolas Warchalowski:
“We are extremely happy to announce the redemption of the Hybrid
Bond in November. This marks a new chapter in the ONE RAPALA VMC
journey and is a demonstration of successful and strong turnaround
of the Group. Implementation of the new ONE RAPALA VMC strategy is
progressing much faster and is significantly ahead of the plan
making the repayment of the Hybrid Bond an important milestone for
the whole team.”
The Group will redeem the EUR 25 million Hybrid Bond (ISIN:
FI4000410626) issued on November 13, 2019. The redemption will be
made on November 15, 2021 for the full outstanding amount in
accordance with the terms and conditions of the hybrid bond. The
holders of the Hybrid Bond are not required to take any action in
respect to the redemption.
A hybrid bond is an instrument, which is subordinated to the
company’s other debt obligations. It is treated as equity in the
IFRS financial statements. A hybrid bond does not confer to its
holders the rights of a shareholder and does not dilute the
holdings of the shareholders.
RAPALA VMC CORPORATION
Nicolas WarchalowskiChief Executive Officer
For further information, please contact:Olli
Aho, General Counsel, +358 9 7562 540
Distribution: Nasdaq Helsinki and main media
About Rapala VMC CorporationRapala group
is the world’s leading fishing tackle company and the global market
leader in fishing lures, treble hooks and fishing related knives
and tools. Group has a strong global position also in other fishing
categories and Rapala’s distribution network is largest in the
fishing industry. The main manufacturing facilities are in Finland,
France, Estonia, Russia, Indonesia and the UK. Rapala group’s brand
portfolio includes the leading brand in the industry, Rapala, and
other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen,
Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Marttiini,
Peltonen and 13 Fishing outside of the USA as well as Okuma in
Europe and Russia. Group, with net sales of EUR 261 million in
2020, employs some 2 100 people in 42 countries. Rapala VMC
Corporation’s share is listed and traded on the Nasdaq Helsinki
stock exchange since 1998.
- Rapala VMC Corporation, Stock Exchange Release, September 30,
2021
Rapala Vmc (LSE:0MEF)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rapala Vmc (LSE:0MEF)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
