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Friday, 24 November 2017

TCM Group A/S: Stabilisation starts

TCM Group A/S    

Published: 07:17 CET 24-11-2017 /GlobeNewswire /Source: TCM Group A/S / : TCM /ISIN: DK0060915478

TCM Group A/S: Stabilisation starts

COMPANY ANNOUNCEMENT
No. 5/2017

 

Tvis, 24 November 2017

 

 

NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

This announcement does not constitute a prospectus and nothing herein contains an offering of securities.

 

Stabilisation starts

 

Referring to the prospectus of 13 November 2017 and company announcement no. 3/2017 dated 24 November 2017, describing the result of the offering and the admission to trading and official listing of TCM Group's shares on Nasdaq Copenhagen A/S (the "Offering"), TCM Group has been notified by Carnegie Investment Bank, filial af Carnegie Investment Bank AB (Publ), Sverige, acting as Stabilisation Agent in connection with the Offering, that the stabilisation period starts. Reference is made to the attached notice by Carnegie Investment Bank, filial af Carnegie Investment Bank AB (Publ), Sverige.

 

For additional information, please contact:

CEO, Ole Lund Andersen, TCM Group, +45 97 43 52 00

 

About TCM Group

TCM Group is Scandinavia's third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are Danish design, produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis, Nettoline and kitchn. Combined, the brands cater for the entire price spectrum, and are sold through 125 dealers in Denmark and the rest of the Scandinavia. In addition, TCM Group sells private label kitchens through a total of more than 150 DIY stores in Denmark and independent kitchen stores in Norway. See www.tcmgroup.dk for more information.

 

Important notice

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by TCM Group in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions.

In any member state of the European Economic Area ("EEA Member State"), other than Denmark, that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in any member state, the "Prospectus Directive"), this announcement is only addressed to and is only directed at investors in that EEA Member State who fulfil the criteria for exemption from the obligation to publish a prospectus, including qualified investors within the meaning of the Prospectus Directive as implemented in each such EEA Member State.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. 

In the United Kingdom, this announcement and any other materials in relation to the securities described herein are only being distributed to, and are only directed at, and any investment or investment activity to which this announcement relates is available only to, and will be engaged in only with, "qualified investors" (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons").  Persons who are not relevant persons should not take any action on the basis of this announcement and should not act or rely on it.

In connection with the offering, Carnegie Investment Bank, branch of Carnegie Investment Bank AB (Publ), Sweden (the "Stabilising Manager") (or persons acting on behalf of the Stabilising Manager) may over-allot securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager (or persons acting on behalf of the Stabilising Manager) will undertake stabilisation actions. Any stabilisation action may begin on or after the date of commencement of trading and official listing of the securities on Nasdaq Copenhagen A/S and, if begun, may be ended at any time, but it must end no later than 30 days after the date of commencement of trading and official listing of the securities.



Stabilisation begins
Pre-Stabilisation Notice



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: TCM Group A/S, Skautrupvej 16, Holstebro 7500, Denmark
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