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THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY ANY PERSONS LOCATED IN THE UNITED STATES, THE UNITED KINGDOM, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL.
This website and the information contained herein are not intended for, and must not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States, the United Kingdom, Canada, Australia or Japan, and do not constitute an offer to sell or the solicitation of an offer to buy or acquire, any shares, rights or other securities of Nordec Group Oyj (the “Company”) in the United States, the United Kingdom, Canada, Australia, Japan or any other country in which it would be contrary to the laws and regulations of that country.
These materials are not a prospectus for the purposes of the Prospectus Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and underlying legislation. A prospectus prepared pursuant to the Prospectus Regulation and approved by the Finnish Financial Supervisory Authority will be published, and when published can be obtained from the Company and other places indicated in the prospectus. Investors should not subscribe for or purchase any securities referred to in these materials except on the basis of information contained in the prospectus.
These materials are not an offer for sale of securities in the United States. The shares, rights or other securities of the Company referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration thereunder.
Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons residing outside of the United States, the United Kingdom, Canada, Australia or Japan who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. The Company assumes no responsibility if there is a violation of applicable law or regulations by any person.
In any member state of the European Economic Area other than Finland (each a “Relevant State”), these materials and this offering are only addressed to and directed at persons who are “Qualified Investors” within the meaning of Article 2(e) of the Prospectus Regulation. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Qualified Investors. This information should not be acted upon or relied upon in any Relevant State by persons who are not Qualified Investors.
In the United Kingdom, these materials are only being distributed to, and are only directed at, and any investment or investment activity to which these materials relate are available only to, and will be engaged in only with, persons who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth companies, and other persons to whom these materials 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 document relates will be only available to, and will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
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Nordec Group Corporation (“Nordec” or “Company”) is, according to the Company’s management estimate based on revenues, one of the leading providers of steel frame structure and envelope solutions for construction projects in the Nordic countries of Finland, Sweden and Norway with a strong position in the Central and Eastern European countries of Poland, Lithuania, the Czech Republic and Slovakia (the “CEE Countries”).
Nordec has a long experience in designing, manufacturing and installing frame structures, envelopes and bridges. The main raw material used by Nordec in its construction structures is steel. Nordec’s offering comprises multi-storey, single-storey, heavy industry, bridge, and envelope solutions. Examples of Nordec’s landmark projects include the ongoing construction of Kruunuvuori Bridge in Helsinki, Central Library Oodi in Helsinki, various construction projects related to battery value chain in Sweden, as well as DLS- and Dahl- logistics centers in Sweden.
Nordec’s revenue for the financial period ended 31 December 2021 was EUR 225.5 million, adjusted EBITDA EUR 11.8 million, adjusted EBITA EUR 9.2 million, and reported operating profit EUR 2.0 million.
More information about Nordec can be found on the Company’s website at www.nordec.com
The initial public offering has been canceled on 29 June 2022 due to an abnormal capital markets situation.
The initial public offering has been canceled on 29 June 2022 due to an abnormal capital markets situation.
Update 20 June 2022: The Board of Directors of Nordec Group Corporation has decided to extend the subscription period of the public and institutional offering due to the current abnormal stock market situation. The Personnel Offering has been oversubscribed and shall end according to the original timetable at 4:00 p.m. on June 20, 2022.
| Subscription period of the Offering commences |
June 8, 2022 |
|
In the event of oversubscription, the Public Offering, the Institutional Offering and the Personnel Offering may be discontinued at the earliest |
June 17, 2022 |
|
Subscription period of the Personnel Offering ends |
June 20 at 16:00, 2022 |
| Subscription period of the Public Offering ends |
on or about June 27 at 4:00 pm, 2022 |
|
Subscription period of the Institutional Offering ends |
on or about June 28 at 12:00 noon, 2022 |
|
Announcement of the final results of the Offering |
on or about June 29, 2022 |
|
New Shares are registered in the book entry accounts in the Public Offering and the Personnel Offering |
on or about June 30, 2022 |
|
Trading in the Shares commences on the First North Growth Market |
on or about June 30, 2022 |
|
The Offer Shares offered in the Institutional Offering are ready to be delivered against payment through Euroclear Finland |
on or about July 4, 2022 |
The objective of the Offering is to facilitate the implementation of Nordec’s strategic targets related to growth and strengthen the efficiency of Nordec’s operations and production as set out in the Company’s strategy. The Offering will enable the Company to obtain access to capital markets, expand its ownership base, increase the liquidity of the Shares and enable the Company to use the Shares as consideration in possible acquisitions. Additional visibility is also expected to further increase Nordec’s recognition among the public and as an employer, and thus enhance Nordec’s competitiveness.
The subscription price will be EUR 7.36 per share in the Public Offering and Institutional Offering, and EUR 6.63 per share in the Personnel Offering.
In the Public Offering, a subscription commitment must apply to a minimum of 150 and maximum of 13,500 Offer Shares. In the Personnel Offering, a subscription commitment must apply to a minimum of 75 and maximum of 13,500 Offer Shares. For the Institutional Offering, the subscription commitment must apply to a minimum of 13,501 shares.
The initial public offering has been canceled on 29 June 2022 due to an abnormal capital markets situation.
Finland
Sweden
Denmark
The initial public offering has been canceled on 29 June 2022 due to an abnormal capital markets situation.
The subscription commitments of institutional investors may be submitted to the lead manager of the IPO, Evli Plc, as well as to Nordnet Bank AB Finland Branch. Where necessary, additional information is available at Evli by telephone at +358 9 4766 9645 and by email at nordec@evli.com, and at Nordnet Bank AB Finland Branch by telephone at +358 9 6817 8444. Purchase Offers in the Institutional Offering will be received in euro denominated. Entities submitting a Purchase Offer must have a valid LEI Code.
The initial public offering has been canceled on 29 June 2022 due to an abnormal capital markets situation.
The subscription place in the Personnel Offering is Evli Alexander Incentives. In the Personnel Offering, Commitments will be submitted, and payments will be made electronically on the website in accordance with separate instructions provided to the persons entitled to participate.
Please read the terms of the IPO and other information contained in the prospectus carefully before subscription.
Marketing Brochure (in Finnish)
Investor Presentation 9 June 2022
Unaudited financial information for a three-month period ended March 31, 2022
Nordec Group Special purpose IFRS Financial statements 2021
Nordec Group Special purpose IFRS FS Auditors report 2021
Important information:
Lead Manager Evli Plc’s (“Lead Manager”) group company Evli Research Partners Oy has produced a research report independent of Nordec Group Corporation (“Company”) and the Lead Manager. The report has been independently produced by Evli Research Partners Oy and it reflects the opinions of the relevant research analysts only.
The Company accepts no liability as to the contents, correctness or extent of the research reports, and the contents does not reflect opinions or expectations of the Company’s management. Publication of research reports should not be considered as provision of investment advice.
Research reports are not a prospectus as referred to in the Prospectus Regulation ((EU) 2017/1129), a company description as referred to in the First North Growth Market Rulebook or marketing material relating to the offering. Potential investors should familiarize themselves with the prospectus published by the Company.
Evli Research Partners Oy’s analyst report
Company release 29 June 2022: Nordec Group Corporation cancels its initial public offering and the listing of its shares
Company release 20 June 2022: The Subscription Periods of the Public Offering and the Institutional Offering in the Initial Public Offering of Nordec Group Corporation Have Been Extended
Company release 8 June 2022: Nordec Group Corporation has applied for its shares to be listed on the Nasdaq First North Growth Market Finland
Press release 6 June 2022: The Finnish Financial Supervisory Authority has approved Nordec Group Corporation’s Finnish language prospectus
Press release 6 June 2022: Nordec Group Corporation announces subscription price for its contemplated First North Growth Market initial public offering and information on listing of its shares on the First North Growth Market
Press release 30 May 2022: Nordec Group Corporation is planning an initial public offering and listing of its shares on Nasdaq First North Growth Market Finland marketplace
We ask you to take into account the fact that Evli Bank Plc’s ability to offer services to states outside of the EEA or to citizens of these states may be affected by limitations related to license. Users of the website are personally responsible for any national limitations that may affect them.
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