CPI Europe announces an offer to the holders of its €500 million corporate bond due 2027 (ISIN XS2243564478) to tender the bond for cash in a total nominal value of up to €100 million
EQS-Ad-hoc: CPI Europe AG / Key word(s): Bond/Corporate Action
   CPI Europe announces an offer to the holders of its €500 million corporate
   bond due 2027 (ISIN XS2243564478) to tender the bond for cash in a total
   nominal value of up to €100 million

   30-May-2025 / 09:45 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   CPI Europe AG
   Wienerbergstrasse 9
   1100 Vienna, Austria

   FN 114425y HG Wien
   UID: ATU 37681807
   DVR 0607274

    

    

   NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN
   THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE
   OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE “UNITED
   STATES”) OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED IN ANY OTHER
   JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
   ANNOUNCEMENT (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW).

    

    

   Ad-hoc Announcement

    

   Vienna, 30 May 2025

    

    

   CPI Europe announces an offer to the holders of its €500 million corporate
   bond due 2027 (ISIN XS2243564478) to tender the bond for cash in a total
   nominal value of up to €100 million

    

    

   CPI Europe AG (the “Company” or “CPI Europe”) has today decided to invite
   all holders (subject to the offer restrictions referred to below) of its
   €500 million (currently outstanding €237.8 million) 2.500% senior
   unsecured corporate bond due 2027, ISIN XS2243564478 (the “Bond” or
   “Notes”), to tender such Notes for purchase by the Company for cash up to
   a total nominal value of €100 million (the “Offer”). The Offer is intended
   to reduce the total debt of CPI Europe and decrease the volume of the
   outstanding Bond to further optimise the Company’s debt profile.

    

   The Offer shall be subject to the terms and conditions set out in the
   tender offer memorandum dated 30 May 2025 (the “Tender Offer Memorandum”)
   prepared by the Company.

    

   The Offer begins today and will expire at 4:00 p.m. (London Time) on 10
   June 2025, unless extended, withdrawn, re-opened or terminated at the sole
   and absolute discretion of the Company as provided in the Tender Offer
   Memorandum.

    

   Purchase Price

   Subject to the Specified Minimum Denomination, the amount the Company will
   pay for Notes validly tendered and accepted for purchase pursuant to the
   Offer will be determined pursuant to a modified Dutch auction procedure
   (the “modified Dutch auction procedure”), as described in the Tender Offer
   Memorandum and subject to the Minimum Purchase Price.

    

   The Purchase Price for the Notes will be the cash purchase price
   (expressed as a percentage of the principal amount of Notes accepted for
   purchase pursuant to the Offer) that the Company determines in accordance
   with the modified Dutch auction procedure described herein, at which the
   Notes are accepted for purchase by the Company.

    

   The Purchase Price: (i) shall not be less than the higher of: (x) the
   Minimum Purchase Price; and (y) the highest Offer Price at which Notes are
   accepted for purchase by the Company, such that (x) or (y) will enable the
   Company to purchase its desired principal amount of Notes, and (ii) shall
   either be the Minimum Purchase Price, or an increment of 0.100 per cent.
   above the Minimum Purchase Price. Following the Expiration Deadline, and
   subject to the foregoing, the Company will determine the Purchase Price in
   its sole and absolute discretion.

    

   The Minimum Purchase Price is 96 per cent. of the principal amount of the
   Notes.

    

   Under the modified Dutch auction procedure, the Company will determine, in
   its sole discretion, following expiration of the Offer, the Final
   Acceptance Amount (as described below) and the Purchase Price, taking into
   account the aggregate nominal amount of Notes tendered in the Offer, the
   Offer Price specified (or deemed to be specified, as set out above) by
   tendering Noteholders.

    

   Accrued Interest

   In addition to the Purchase Consideration, the Company will also pay an
   Accrued Interest Payment in respect of Notes validly tendered and
   delivered and accepted for purchase by the Company pursuant to the Offer.

    

   Maximum Tender Acceptance Amount

   The Company proposes to accept an aggregate nominal amount of Notes (if
   any) of up to €100,000,000 on the terms and subject to the conditions
   contained in the Tender Offer Memorandum (although the Company reserves
   the right, in its sole and absolute discretion and for any reason, to
   increase or decrease the Maximum Tender Acceptance Amount, or to accept
   none of the Notes tendered for purchase pursuant to the Offer). The
   relevant Purchase Consideration will be paid in euro.

    

    

   Disclaimer

   This announcement must be read in conjunction with the Tender Offer
   Memorandum. This announcement and the Tender Offer Memorandum contain
   important information which should be read carefully before any decision
   is made with respect to the Offer. If you are in any doubt as to the
   contents of this announcement or the Tender Offer Memorandum or the action
   you should take, you are recommended to seek your own financial and legal
   advice, including as to any tax consequences, immediately from your
   broker, bank manager, solicitor, accountant or other independent
   financial, tax or legal adviser. Any individual or company whose Notes are
   held on its behalf by a broker, dealer, bank, custodian, trust company or
   other nominee or intermediary must contact such entity if it wishes to
   participate in the Offer. None of the Dealer Managers, the Tender Agent
   and the Company makes any recommendation as to whether Noteholders should
   tender Notes for purchase pursuant to the Offer.

    

   * * * * *

    

   Offer and distribution restrictions

   Neither this announcement, the Tender Offer Memorandum nor the electronic
   transmission thereof constitutes an offer to buy or the solicitation of an
   offer to sell Notes (and tenders of Notes in the Offer will not be
   accepted from Noteholders) in any circumstances in which such offer or
   solicitation is unlawful. In those jurisdictions where the securities,
   blue sky or other laws require the Offer to be made by a licensed broker
   or dealer and the Dealer Managers or any of their respective affiliates is
   such a licensed broker or dealer in any such jurisdiction, such Offer
   shall be deemed to be made by such Dealer Managers or such affiliate, as
   the case may be, on behalf of the Company in such jurisdiction.

    

   The distribution of this announcement and the Tender Offer Memorandum in
   certain jurisdictions may be restricted by law. Persons into whose
   possession this announcement or the Offer come are required by the
   Company, the Dealer Managers and the Tender Agent to inform themselves
   about, and to observe, any such restrictions.

    

   In addition to the representations referred to below in respect of the
   United States, each Noteholder participating in the Offer will also give
   certain representations, acknowledgements, warranties and undertakings and
   make certain agreements in respect of the other jurisdictions referred to
   below and generally as set out in the Tender Offer Memorandum. Any tender
   of Notes for purchase pursuant to the Offer from a Noteholder that is
   unable to make these representations will not be accepted. Each of the
   Company, the Dealer Managers and the Tender Agent reserves the right, in
   their sole and absolute discretion, to investigate, in relation to any
   tender of Notes for purchase pursuant to the Offer, whether any such
   representation given by a Noteholder is correct and, if such investigation
   is undertaken and as a result the Company determines (for any reason) that
   such representation is not correct, such tender may be rejected.

    

   United States

   The Offer is not being made, and will not be made, directly or indirectly
   in or into, or by use of the mail of, or by any means or instrumentality
   of interstate or foreign commerce of or of any facilities of a national
   securities exchange of, the United States or to any U.S. Person. This
   includes, but is not limited to, facsimile transmission, electronic mail,
   telex, telephone, the internet and other forms of electronic
   communication. The Notes may not be tendered in the Offer by any such use,
   means, instrumentality or facility from or within the United States or by
   persons located or resident in the United States as defined in Regulation
   S of the Securities Act. Accordingly, copies of this announcement, the
   Tender Offer Memorandum and any other documents or materials relating to
   the Offer is not being, and must not be, directly or indirectly mailed or
   otherwise transmitted, distributed or forwarded (including, without
   limitation, by custodians, nominees or trustees) in or into the United
   States or to any U.S. Person. Any purported tender of Notes in the Offer
   resulting directly or indirectly from a violation of these restrictions
   will be invalid and any purported tender of Notes made by, or by any
   person acting for the account or benefit of, a person resident or located
   in the United States, a U.S. Person or any agent, fiduciary or other
   intermediary acting on a non-discretionary basis for a principal giving
   instructions from within the United States will be invalid and will not be
   accepted.

    

   Each Noteholder participating in the Offer will represent that it is not a
   U.S. Person, it is not located in the United States and it is not
   participating in the Offer from the United States, or it is acting on a
   non-discretionary basis for a principal located outside the United States
   that is not giving an order to participate in the Offer from the United
   States and it is not a U.S. Person. For the purposes of the Tender Offer
   Memorandum and the above paragraph, “United States” means the United
   States of America, its territories and possessions, any state of the
   United States of America and the District of Columbia.

    

   United Kingdom

   The communication of this announcement and the Tender Offer Memorandum and
   any other documents or materials relating to the Offer is not being made,
   and such documents and/or materials have not been approved, by an
   authorised person for the purposes of Section 21 of the Financial Services
   and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or
   materials are not being distributed to, and must not be passed on to, the
   general public in the United Kingdom. The communication of such documents
   and/or materials is exempt from the restriction on financial promotions
   under section 21 of the FSMA on the basis that it is only directed at and
   may be communicated to (1) persons who have professional experience in
   matters relating to investments, being investment professionals (as
   defined in Article 19(5) of the Financial Services and Markets Act 2000
   (Financial Promotion) Order 2005, as amended (the “Financial Promotion
   Order”)), (2) persons who fall within Article 43 (2) of the Financial
   Promotion Order, which includes a creditor or member of the Company, (3)
   persons who fall within Article 49 of the Financial Promotion Order (“high
   net worth companies, unincorporated associations etc.”); or (4) any other
   persons to whom these documents and/or materials may lawfully be
   communicated. Any investment or investment activity to which this
   announcement, the Tender Offer Memorandum relates is available only to
   such persons or will be engaged only with such persons and other persons
   should not rely on it.

    

   Italy

   None of the Offer, this announcement, the Tender Offer Memorandum or any
   other documents or materials relating to the Offer have been or will be
   submitted to the clearance procedure of the Commissione Nazionale per le
   Società e la Borsa (“CONSOB”) pursuant to Italian laws and regulations.
   The Offer is being carried out in the Republic of Italy as an exempted
   offer pursuant to article 101-bis, paragraph 3-bis of the Legislative
   Decree No. 58 of 24 February 1998, as amended (the “Financial Services
   Act”) and article 35-bis, paragraph 3 of CONSOB Regulation No. 11971 of 14
   May 1999, as amended. Noteholders or beneficial owners of the Notes that
   are located in Italy can tender some or all of their Notes pursuant to the
   Offer through authorised persons (such as investment firms, banks or
   financial intermediaries permitted to conduct such activities in the
   Republic of Italy in accordance with the Financial Services Act, CONSOB
   Regulation No. 20307 of 15 February 2018, as amended from time to time,
   and Legislative Decree No. 385 of 1 September 1993, as amended) and in
   compliance with applicable laws and regulations or with requirements
   imposed by CONSOB or any other Italian authority.

    

   Each intermediary must comply with the applicable laws and regulations
   concerning information duties vis-à-vis its clients in connection with the
   Notes or the Offer.

    

   France

   The Offer is not being made, directly or indirectly, to the public in the
   Republic of France. This announcement, the Tender Offer Memorandum and any
   other offering material relating to the Offer may not be distributed in
   the Republic of France except to qualified investors as defined in Article
   2(e) of Regulation (EU) 2017/1129. This announcement and the Tender Offer
   Memorandum have not been and will not be submitted for clearance to nor
   approved by the Autorité des marchés financiers.

    

   Belgium

   The Offer is not being made, and will not be made or advertised, directly
   or indirectly, to any individual in Belgium qualifying as a consumer
   within the meaning of the Belgian Code of Economic Law, as amended (a
   “Consumer”) and this announcement, the Tender Offer Memorandum and any
   other documents or materials relating to the Offer have not been and may
   not be distributed, directly or indirectly, in Belgium to Consumers.

    

    

   For further information, please contact:

   Investor Relations and Corporate Communications

   Simone Korbelius
   Investor Relations and Corporate Communications
   T +43 (0)1 88 090 2291
   M +43 (0)699 1685 7291
   communications@cpi-europe.com
   Investor.Relations@cpi-europe.com  

   For more on CPI Europe, visit our website: www.cpi-europe.com
    

   End of Inside Information

   ══════════════════════════════════════════════════════════════════════════

   30-May-2025 CET/CEST News transmitted by EQS Group. www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     CPI Europe AG
                Wienerbergstraße 9
                1100 Vienna
                Austria
   Phone:       +43 (0) 1 88090 - 2291
   Fax:         +43 1 88090 - 8291
   E-mail:      Investor.Relations@cpi-europe.com
   Internet:    http://cpi-europe.com/
   ISIN:        AT0000A21KS2
   WKN:         A2JN9W
   Listed:      Regulated Unofficial Market in Berlin, Frankfurt, Munich,
                Stuttgart, Tradegate Exchange; Warschau, Vienna Stock
                Exchange (Official Market)
   EQS News ID: 2147864


    
   End of Announcement EQS News Service


   2147864  30-May-2025 CET/CEST

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