Information  X 
Enter a valid email address

Kamux Oyj (0RP3)

  Print      Mail a friend

Tuesday 02 May, 2017

Kamux Oyj

Kamux Oyj: Kamux Corporation has applied for its shares to be listed on the main market of Nasdaq Helsinki Ltd

Kamux Oyj: Kamux Corporation has applied for its shares to be listed on the main market of Nasdaq Helsinki Ltd

KAMUX CORPORATION         STOCK EXCHANGE RELEASE        2 May 2017 at 9:30 am

 

Not for publication, distribution or release, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore or any other country where it would be against the law.

 


Kamux Corporation has applied for its shares to be listed on the main market of Nasdaq Helsinki Ltd

Kamux Corporation ("Kamux" or the "Company") has today submitted a listing application with Nasdaq Helsinki Ltd ("Helsinki Stock Exchange") to list the Company's shares first on the pre-list and then on the official list of the Helsinki Stock Exchange. Trading in the shares is expected to commence on the pre-list of the Helsinki Stock Exchange on or about May 12, 2017 and on the main market on or about May 16, 2017.


For further information

Juha Kalliokoski, CEO and Founder, Kamux Corporation, +358 50 544 5538

Matti Virtanen, Chairman of the Board, Kamux Corporation, +358 50 434 7676

Satu Heikkilä, Head of Communications and Marketing, Kamux Corporation, +358 400 629 337

 


About Kamux

Kamux is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. The first Kamux car showroom started its operations in 2003 in Hämeenlinna, Finland and the Company currently has 37 car showrooms in Finland, nine in Sweden and two in Germany. In addition, Kamux aims to open two new car showrooms in Finland during May 2017. Since its foundation, the Company has sold more than 140,000 used cars, of which 36,290 were sold in 2016. Kamux's revenue reached EUR 405 million in 2016. Adjusted operating profit[1] was EUR 18 million, resulting in an adjusted operating profit margin1 of 4.4 percent in 2016. Kamux employed 552 employees at the end of 2016, of which 272 were permanent employees.

Kamux's business is based on professional procurement and sale of used cars, low fixed costs, rapid inventory turnover and sales of integrated services. Kamux's business model makes it possible to offer affordable used cars and the aim of the Company is to continuously develop its operations to better address customer needs.

In accordance with its business model, Kamux also offers its customers integrated services related with car sales, enabling it to serve its customers more comprehensively. Kamux offers its customers financing products from third-party service providers at all of its car showrooms in Finland, Sweden and Germany. In addition, Kamux offers insurance products and a liability extension, Kamux Plus, to cover car repair costs in Finland and Sweden. A key component of Kamux's customer service concept in Finland and Sweden is the delivery of the purchased car to a location agreed with the customer and, if needed, the simultaneous pick-up of a possible trade-in car.

Kamux acquires used cars from car auctions, leasing companies, other car dealers, financing companies, importers, private individuals and other sources. Kamux's entire car selection is available to all of its sales personnel at all of Kamux's car showrooms in Finland as well as countrywide in Sweden and Germany. In 2016, approximately 27 percent of the cars sold by Kamux were cross-sold through another Kamux car showroom.

More information on Kamux is available on the Company web pages at www.kamux.com.


Important Information

Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, the Hong Kong special administrative region of the People's Republic of China, Japan, New Zealand, South Africa or Singapore or any other jurisdiction where to do would constitute violation of the relevant laws of such jurisdiction.

This announcement is not a prospectus for the purposes of Directive 2003/71/EC (such directive, as amended, together with any applicable implementing measures in the relevant member state of the European Economic Area under such Directive, the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus Directive and approved by the Finnish Financial Supervisory Authority will be published prior to any offering of securities and, when published, can be obtained from Kamux and other places indicated in the prospectus. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information contained in the prospectus.

This announcement does not contain or constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Kamux does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.

This announcement is directed only at: (A) persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (the "Qualified Investors"); (B) in the United Kingdom, Qualified Investors who are persons who (i) have professional experience in matters relating to investments and who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order"); or (ii) are high net worth entities falling within Article 49 of the Order; and (C) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

None of the Managers or any of their respective affiliates, directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to Kamux, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The Managers are each acting exclusively for Kamux and for no-one else in connection with any transaction mentioned in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to any such transaction and will not be responsible to any other person for providing the protections afforded to their respective clients, or for advising any such person on the contents of this announcement or in connection with any transaction referred to in this announcement. The contents of this announcement have not been verified by the Managers.

This announcement does not constitute a recommendation concerning the offering. The price and value of securities and any income from them can go down as well as up. Past performance is not a guide to future performance. Information in this announcement or any of the documents relating to the offering cannot be relied upon as a guide to future performance. There is no guarantee that the listing on Nasdaq Helsinki Ltd will occur and you should not base your financial decisions on Kamux's intentions in relation to the listing at this stage. Potential investors should consult a professional advisor as to the suitability of the offering for the entity concerned.

Each of the Managers and any of their respective affiliates, acting as investors for their own accounts, may purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of Kamux or related investments in connection with the offering or otherwise. Accordingly, references in the final prospectus, once published, to the shares being offered, acquired, sold, placed or otherwise dealt in should be read as including any offer, sale, acquisition, placing or dealing in the shares by any of the Managers and any of their affiliates acting as investors for their own accounts. In addition, certain of the Managers or their affiliates may enter into financing arrangements and swaps in connection with which they or their affiliates may from time to time acquire, hold or dispose of shares. None of the Managers intends to disclose the extent of any such investment or transaction otherwise than in accordance with any legal or regulatory obligations to do so.

No representation or warranty, express or implied, is given by or on behalf of the Managers or any of their respective subsidiaries, affiliates, agents or advisers or any of such persons' affiliates, directors, officers or employees or any other person as to the fairness, accuracy, completeness or verification of the information or the opinions contained in this announcement, and no liability is accepted for any such information or opinions. Each of the Managers or any such persons' directors, officers, employees or affiliates or any other person disclaim all and any responsibility and liability whatsoever for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this announcement or its contents or otherwise in connection with this announcement.



[1] Operating profit adjusted for costs relating to the listing, special items relating to strategic planning and strategy implementation, special items relating to expansion of business and cash-settled share-based payments related to redemption of treasury shares.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kamux Oyj via Globenewswire


a d v e r t i s e m e n t