Multitude AG: Release according to Article 50 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
Globenewswire·2026-03-10 06:35

Core Viewpoint - Multitude AG is initiating a tender offer for its outstanding EUR denominated Subordinated Perpetual Floating Rate Callable Capital Notes, with the intention to repurchase these notes as part of a new capital notes issue [3][4]. Tender Offer Details - The tender offer is set to commence on March 10, 2026, and will expire on March 18, 2026, unless extended or terminated by the issuer [8]. - The initial repurchase volume is limited to EUR 50 million, with the issuer retaining the right to decrease this volume at its discretion [6][11]. - The purchase price for the capital notes is expected to be approximately 102.00%, subject to a bookbuilding process [4]. New Capital Notes Issue - The new issuer, Multitude Capital Oyj, will offer to repurchase capital notes in connection with the new capital notes issue, providing preferred allocation to noteholders who participate in both the tender offer and the new issue [5]. Participation Requirements - Noteholders must submit a valid tender instruction or participate in the new capital notes issue to engage in the tender offer [14]. - Participation is restricted to clients of the dealer manager, Pareto Securities AB, who can execute a secondary trade upon settlement [14][15]. Acceptance and Scaling - If the total amount of capital notes tendered exceeds the repurchase volume, the issuer will accept tenders on a pro-rata basis [11]. - The issuer reserves the right to prioritize acceptance of tenders from investors who subscribe for new capital notes [12].