SRV GROUP PLC STOCK EXCHANGE RELEASE, INSIDE
INFORMATION 19 NOVEMBER 2025, 12:00 P.M. EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG,
SINGAPORE, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE
IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW CAPITAL SECURITIES, THE
LIMITED REPURCHASES OF THE EXISTING CAPITAL SECURITIES OR THE RELEASE,
PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
INSIDE INFORMATION: SRV considers issuance of new green capital securities and
limited repurchases of the existing convertible capital securities
SRV Group Plc ("SRV") is considering the issuance of new unsecured, subordinated
and perpetual green capital securities (the "New Capital Securities") with an
aggregate principal amount in the range of EUR 20-30 million (the "Issue"). The
Issue of the New Capital Securities is expected to take place in the near future
subject to market conditions.
An amount equivalent to the net proceeds from the Issue of the Capital
Securities is intended to be used for financing or refinancing eligible green
projects in accordance with SRV's Green Bond Framework ("Framework"). The
Framework is being published today on the company's website
at https://www.srv.fi/en/srv-as-a-company/investor/financials/unsecured-notes/.
In connection with the Issue, SRV considers repurchasing its existing
convertible capital securities (ISIN FI4000198122 and/or FI4000315395) (the
"Existing Capital Securities") from a very limited and pre-determined group of
holders of the Existing Capital Securities, who are offered the opportunity to
subscribe for the New Capital Securities in the Issue (each a "Repurchase" or
together "Repurchases"). The price as well as other terms and conditions for
each Repurchase will be at arm's length and are determined in private and
individual negotiations. The Repurchases are conditional on the Issue of the New
Capital Securities.
Nordea Bank Abp and Swedbank AB (publ) act as the joint lead managers in the
potential Issue and green structurers. Further, Nordea Bank Abp and Swedbank AB
(publ) act as the dealer managers of the potential Repurchases.
Further enquiries:
Saku Sipola, CEO, saku.sipola@srv.fi, +358 40 551 5953
Jarkko Rantala, CFO, jarkko.rantala@srv.fi, +358 40 674 1949
Distribution:
Nasdaq Helsinki
Media
www.srv.fi
SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are
building a more sustainable and responsible urban environment that fosters
economic value and takes the well-being of both the environment and people into
consideration. We call this approach lifecycle wisdom. Our genuine engagement
and enthusiasm for our work comes across in every encounter - and listening is
one of our most important ways of working. We believe that the only way to
change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We
operate in growth centres in Finland. In 2024, our revenue totalled EUR 745.8
million. In addition to approximately 800 in-house staff, we have a network of
around 3,200 partners.
SRV - Building for life
Important Information
The contemplated limited repurchases of the Existing Capital Securities are not
available to the public either inside or outside of Finland. The information
contained herein is not for release, publication or distribution, in whole or in
part, directly or indirectly, in or into the United States, Australia, Canada,
Hong Kong, Singapore, Japan, New Zealand, South Africa 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 New Capital Securities or Existing Capital Securities
in any jurisdiction in which such an 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 Existing Capital Securities or the New Capital 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 the New Capital Securities or
the Existing Capital Securities to the public in the United Kingdom. No
prospectus has been or will be approved in the United Kingdom in respect of the
New Capital Securities or the Existing Capital Securities. 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 ((EU) 2017/1129) 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.