THIS NOTICE IS NOT INTENDED, EXPRESSLY OR BY IMPLICATION, IN WHOLE OR IN PART, FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED TO ANY JURISDICTION IN WHICH THE DISTRIBUTION OR DISSEMINATION OF THIS NOTICE WOULD BE UNLAWFUL. CERTAIN OTHER RESTRICTIONS APPLY. PLEASE READ THE IMPORTANT DISCLAIMER BELOW IN THIS NOTICE TO THE SECURITY EXCHANGE.
“Civinity” AB (also the Company) has prepared the base prospectus for a programme of fixed-rate bonds with a nominal value of up to EUR 50,000,000 and a maturity of up to 5 years (the Bonds) (the Prospectus), which has been approved by the Bank of Lithuania on [3] June 2025.
Meetings with investors in Lithuania, Latvia and Estonia are planned in the near future. The terms of the Bond issue will be determined according to investor demand. Luminor Bank AS Lithuania has been selected as sole arranger and distributor of the issue.
This will be “Civinity's” third public bond issue. The first issue was placed in 2021 and in 2023 the Company borrowed EUR 8,000,000 from private and institutional investors for two years. The newly raised funds would be used to finance the acquisition transactions of the Company and to refinance the 2023 bond issue (ISIN LT0000408197).
"Over the past decade, Civinity has grown more than tenfold, from €8 million in 2014 to €88 million in 2024, partly driven by successful acquisitions. We continue to follow the same strategy – we plan to grow both organically and through acquisitions, so the issuance of a new bond is a natural step in this growth phase," comments V. Jackaitė, the CEO of the Company.
"Civinity” is an urban lifestyle company that brings together building maintenance services, engineering and technology solutions businesses in the Baltic States and the UK. The group consists of more than 30 companies with over 1,600 employees. In 2024, the Company's revenue was EUR 88,500,000 and pro forma EBITDA was EUR 7,400,000.
DISCLAIMER:
This notice is not intended for distribution to news agencies in the United States of America or for dissemination in the United States of America or other places where such dissemination is not appropriate.
In certain jurisdictions, laws may restrict the right to distribute this announcement and other securities-related information. Persons to whom this announcement or other relevant information comes into contact are required to inform themselves about and observe such restrictions.
This communication does not constitute an offer or solicitation of an offer or solicitation of an offer to sell or buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. The Prospectus is the only legally binding document containing information about the Company, the Bonds and their admission to trading on a regulated market. The Prospectus is available on the Company's website at https://www.civinity.com/investors/ as well as at www.nasdaqbaltic.com.
The approval of the Prospectus should not be considered as a confirmation of the quality of the Bonds to be admitted to trading on a regulated market. Prospective investors are advised to read the Prospectus before making an investment decision so that they understand all the potential risks and rewards associated with a decision to invest in the Bonds. In addition, the securities referred to in this announcement 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 of America or to persons in the United States of America unless such securities have been registered under the Securities Act or unless an exemption from the registration requirements of such Securities Act has been granted or permission has been granted. No public offering of the securities will be made in the United States of America.
Contact person for further information:
Virgeda Jackaitė
AB "Civinity" Managing Director
E-mail: virgeda@civinity.com
Phone: +370 653 94831