Lamor Corporation Plc announces positive results from the written procedure for its senior secured green fixed rate notes due 2026

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Lamor Corporation Plc announces positive results from the written procedure for its senior secured green fixed rate notes due 2026
 
Lamor Corporation Plc (“Lamor”) announced on 7 July 2026 the commencement of the written procedure (the “Written Procedure”) and approached the holders of its EUR 25,000,000 senior secured green fixed rate notes due August 2026 (ISIN: FI4000556154) (the “Notes”) to solicit consents to amend the terms and conditions of the Notes (the “Proposal”) including, among others, the extension of the final maturity date of the Notes until 24 August 2028, a step-up of the redemption price of the Notes at certain intervals, incorporation of certain new undertakings concerning equity raise and Lamor Recycling Oy, incorporation of a minimum liquidity maintenance covenant and certain other amendments relating to the permission of the contemplated new bank financing arrangement (the “Amendments”). Today, Lamor announces that a sufficient number of holders of Notes participated in the Written Procedure and voted in favour to approve the Proposal to enable an early conclusion of the Written Procedure.
 
The Amendments will become effective on the date the conditions precedent set out in the notice of Written Procedure have been satisfied and Lamor and Nordic Trustee Oy (the “Noteholders’ Agent”) have taken all measures required to amend and restate the terms and conditions of the Notes in accordance with the Proposal (the “Effective Date”). Lamor will announce when the Effective Date has occurred. In the event the Effective Date does not occur, the terms and conditions of the Notes will remain unchanged.
 
In accordance with the Proposal, Lamor shall pay a consent fee (the “Consent Fee”) to each relevant holder of the Notes in an amount equal to 0.35 per cent of the nominal amount of all Notes voted by such noteholder for or against the Proposal for which a valid voting instruction has been submitted to the Noteholders’ Agent prior to 15:00 (Finnish time) on 28 July 2026 (the “Final Response Deadline”). In addition, Lamor shall pay an early bird consent fee (the “Early Bird Consent Fee”) to each relevant holder of the Notes in an amount equal to 0.15 per cent of the nominal amount of all Notes voted by such noteholder for or against the Proposal for which a valid voting instruction has been submitted to the Noteholders’ Agent prior to 15:00 (Finnish time) on 14 July 2026. The payment of the Consent Fee and the Early Bird Consent Fee shall be made on the date which falls on the earlier of: (i) five (5) Business Days after the Effective Date (in respect of the noteholders who have submitted their valid voting instruction by the Effective Date) and (ii) 31 July 2026 (including in respect of the noteholders who have submitted their valid voting instruction after the Effective Date).
 
Despite the Proposal having been approved, holders of the Notes who have not yet voted are reminded that they may still submit their votes until the Final Response Deadline in order to be eligible for the Consent Fee.
 
Danske Bank A/S acts as Solicitation Agent in respect of the Written Procedure.
 
For more information:
 
For further questions regarding the Proposal, please contact Lamor at nalle.stenman@lamor.com or +358 40 566 8918 or the Solicitation Agent at liabilitymanagement@danskebank.dk.
 
For further questions regarding the administration of the Written Procedure, please contact the Noteholders’ Agent at finland@nordictrustee.com or +358 50 562 3760.
 
About Us
 
Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea.
 
Environmental protection, soil remediation and material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste management and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world.

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have nearly 600 employees in more than 20 countries. In 2025, our turnover was 90 million euros. Lamor's share is listed on the Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com.  

Important Information

In respect of the consent solicitation process, this announcement must be read in conjunction with the notice of written procedure. If any noteholder is in any doubt as to the contents of this release, the information contained in the notice of written procedure or the action it should take, such noteholder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.
 
Neither this announcement nor the notice of written procedure constitutes an invitation to participate in the consent solicitation in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws.
 
In a number of jurisdictions, in particular in Australia, Canada, South Africa, Singapore, Japan and the United States, the distribution of this announcement or the notice of written procedure may be subject to restrictions imposed by law (such as registration of the relevant offering documents, admission, qualification and other regulations). Persons into whose possession this announcement or the notice of written procedure comes are required to inform themselves about, and to observe, any such restrictions. In particular, none of the securities referenced in this announcement, including the notes, nor the notice of written procedure have been registered or will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state of the United States and as any securities may not be offered or sold (and the consent solicitation is not being made) in the United States except pursuant to an exemption from registration under the Securities Act.
 
The consent solicitation is only being made outside the United States. Neither this announcement nor the notice of written procedure is an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer solicitation or sale in the United States or any other jurisdiction in which such offering solicitation or sale would be unlawful. This announcement or the notice of written procedure must not be released or otherwise forwarded, distributed, or sent, directly or indirectly, in whole or in part, in or into the United States or any jurisdiction where the distribution of these materials would breach any applicable law or regulation or would require any registration or licensing within such jurisdiction. Failure to comply with the foregoing limitation may result in a violation of the Securities Act or other applicable securities laws.