Evli acted as Lead Manager in Stockmann’s share issue and bond issue

Evli acted as Lead Manager in Stockmann’s share issue which was directed to holders of Stockmann’s unsecured restructuring debt and hybrid bond holders, as well as in the issue of a new secured bond which was directed to holders of Stockmann’s unsecured restructuring debt. The arrangements relate to the execution of Stockmann’s debt restructuring process.

In the share issue, Stockmann issued new shares with EUR 72.2 million subscription amount to holders of unsecured restructuring debt and hybrid bonds. In the bond issue, new secured bonds were subscribed for by holders of unsecured restructuring debt with the amount of approximately EUR 66.1 million.

Stockmann, established in 1862, is a Finnish listed company engaged in the retail trade. It has approximately 43 000 shareholders and about 7 000 employees. The Group's revenue in 2020 was EUR 790.7 million.

More information on Stockmann can found on the company’s website www.stockmanngroup.com.

For more information, please contact:
Olli Kangasniemi, Evli Bank Plc, Corporate Finance, +358 40 579 6210

Teemu Liukkonen, Evli Bank Plc, Back Office, +358 40 594 4977