FELLOW FINANCE PLC COMPANY ANNOUNCEMENT 27 MAY 2019 AT 7:40 pm
Fellow Finance Plc has decided on the issuance of unsecured notes
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, 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
Fellow Finance Plc ("Fellow Finance" or the "Company") announced on 10 May 2019 that it is considering the issuance of new unsecured notes ("Notes") through a private placement. The Company has decided on the issuance of fixed rate unsecured Notes in the amount of EUR 15 million, maturing on 29 May 2022. The three-year Notes carry a fixed annual interest rate of 5.750 per cent and have an issue price of 100 per cent.
The uses of the proceeds from the Notes are the refinancing of the Company's and its subsidiaries' existing loans, the diversification of financing sources, the organic and inorganic growth of the business as well as for general corporate purposes. The Company has decided to allocate Notes to institutional and private investors in the amount of EUR 10 million and the Company will keep Notes in the amount of EUR 5 million for itself. The Notes in the Company's possession are mainly intended to be offered to holders of debt securities issued by the Company's subsidiary, Lainaamo Oy ("Lainaamo"), as and when Lainaamo's debt securities mature.
Evli Bank Plc acts as the Lead Manager in the issuance of the Notes. Borenius Attorneys Ltd acts as legal advisor to the Company.
Further enquiries:
Jouni Hintikka, CEO, Fellow Finance Plc
jouni.hintikka@fellowfinance.fi
Tel. +358 40 585 5009
Certified advisor:
Evli Bank Plc, tel. +358 40 579 6210
Fellow Finance in brief
Fellow Finance Plc started its operations in 2014. The company is an expansive global FinTech group that provides crowdfunding services. A key role in the company's business services is played by the leading Nordic¹ loan-based crowdfunding and peer-to-peer platform maintained by the company which has already been used by more than 600,000 customers in approximately 60 countries. Fellow Finance Plc is an Authorized Payment Institution supervised by the Finnish Financial Supervisory Authority of Finland and the shares of Fellow Finance Plc are listed on the Nasdaq First North Finland marketplace. The company has approximately 2,900 shareholders.
1Measured in terms of mediated financing volumes. Source: Brismo Market Data (retrieved on 27 May 2019).
Important Information
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, Singapore 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, securities 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. Members of the public are not eligible to take part in the offering.
This communication does not constitute an offer of securities for sale in the United States. The securities 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 securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In addition, this communication is, in any event only directed at persons who are "qualified investors" pursuant to the Prospectus Directive (2003/71/EC, as amended). 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 communication nor any of its contents.