DGAP-Ad-hoc: GN Store Nord A/S / Key word(s): Issue of Debt
GN Store Nord A/S: GN Store Nord successfully places its first EUR 220
million Eurobond issue
29-Nov-2019 / 17:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*NOT FOR RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES* *OR ITS
TERRITORIES OR IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR
DISTRIBUTION WOULD BE PROHIBITED BY LAW*
GN Store Nord A/S ("GN") has today successfully placed its first Eurobond
issue in an aggregate principal amount of EUR 220 million senior unsecured
notes due 2023 (the "Notes") under its newly established EMTN Programme.
The Notes will be issued on December 6, 2019 at a price of 99.683% and with
a fixed coupon of 0.750% per annum and will be listed on Euronext Dublin.
The net proceeds from the transaction will be applied by GN for its general
corporate purposes, including refinancing of other indebtedness, while
respecting the group's unchanged long term capital structure policy.
Nordea and BNP Paribas are acting as Joint Lead Managers of the offering.
*Investors and analysts*
Morten P. Toft
Vice President - Investor Relations & Treasury
Tel: +45 45 75 46 07
or
Rune Sandager
Senior Manager - Investor Relations
Tel: +45 45 75 92 57
*Press and the media *
Steen Frentz Laursen
Vice President - Group Communication
Tel: +45 20 65 34 20
*DISCLAIMER*:
This announcement does not constitute an offer or invitation to subscribe
for the Notes and the Offering does not constitute a public offering in any
jurisdiction. Offer and distribution restrictions apply - see the Base
Prospectus.
The manufacturer target market (MIFID II product governance) for the Notes
is eligible counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been prepared as the
Notes are not available to retail investors in the European Economic Area.
The Notes will not be registered under the United States Securities Act of
1933, as amended (the "Securities Act") and may not be offered or sold in
the United States or to, or for the account or benefit of, U.S. persons
(within the meaning of Regulation S under the Securities Act) unless an
exemption from the registration requirements of the Securities Act is
available.
This announcement is only directed at persons who (i) are outside the United
Kingdom or, if within the United Kingdom, are investment professionals
within the meaning of Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "FPO") or are persons to whom
this announcement may otherwise be lawfully distributed under the FPO, and
(ii) if they are in the European Economic Area, are "qualified investors"
within the meaning of Article 2(e) of the Prospectus Regulation (together,
"Relevant Persons"). Any investment activity to which this communication
relates will only be available to, and will only be engaged in with,
Relevant Persons. Any person who is not a Relevant Person should not act on
this announcement or any of its contents.
This announcement is an advertisement and not a prospectus for the purposes
of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). The Base
Prospectus is available, and the Final Terms will (when published) be
available, at
https://www.gn.com/About/Document-download-center/Bonds-and-warrants-and-EMT
N [1].
*About GN Group*
The GN Group is a global leader in intelligent audio solutions that let you
hear more, do more and be more than you ever thought possible. Our ambitious
150-year journey has taken us from telegraph cables to radio waves and
intelligent audio engineering. To celebrate our anniversary, we look to our
unique competences within medical, professional and consumer audio solutions
to help us continue to transform lives through the power of sound.
GN was founded with a truly innovative and global mindset. Today, we honor
that legacy with world-leading expertise in the human ear, sound, wireless
technology, miniaturization and collaborations with leading technology
partners. GN's solutions are marketed by the brands ReSound, Beltone,
Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN
Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).
Visit our homepage GN.com, get to know our innovation and leadership [2],
and connect with us on LinkedIn [3], Facebook [4] and Twitter [5].
29-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: GN Store Nord A/S
Lautrupbjerg 7
2750 Ballerup
Denmark
Phone: +45 457 50000
E-mail: investor@gn.com
Internet: www.gn.com
ISIN: DK0010272632
WKN: 854734
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 924995
End of Announcement DGAP News Service
924995 29-Nov-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=2dd355549f2583941187cc1590a2ae5d&application_id=924995&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=76de1afa263d8a61358418514d720a0a&application_id=924995&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3917761d9c2344b017e06f3abeb965a0&application_id=924995&site_id=vwd&application_name=news
4: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1c0100882ab7d20fc0ddb0718063d67d&application_id=924995&site_id=vwd&application_name=news
5: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=90a8c0971a1f334e13e7d78d2bbd8858&application_id=924995&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 29, 2019 11:00 ET (16:00 GMT)
