Aspocomp Group Plc
Major shareholder announcements
ANNOUNCEMENT PURSUANT TO CHAPTER 2, SECTION 10 OF THE SECURITIES MARKET ACT
REGARDING AN AGREEMENT WHICH, IF COMPLETED, WILL RESULT IN CHANGE IN HOLDINGS
Espoo, Finland, 2011-05-05 07:00 CEST (GLOBE NEWSWIRE) —
Aspocomp Group Plc, Major shareholder announcements May 5, 2011 at 8:00 am
Aspocomp Group Plc (business identity code 1547801-5; “Aspocomp”) has today received a notification based on Chapter 2, Section 9 of the Finnish Securities Market Act from TTM Technologies Inc. (“TTM”).
According to the notification, Aspocomp has (i) signed conditional agreements with its bank lenders, the majority of the holders of its convertible bonds, and (ii) on May 4, 2011 signed a letter of intent with TTM with a view to entering into agreements that would result in termination of its debt restructuring agreement and strengthening its balance sheet. Subject to signing and completing of the definitive agreements, TTM would, inter alia, exchange its 10 percent holding of Aspocomp’s operating subsidiary Aspocomp Oulu Oy into 12,274,355 shares in Aspocomp representing approximately a 19.7 percent holding of Aspocomp. If the definitive agreements are signed and completed as intended in the letter of intent, the transactions referred to above are expected to be completed by June 30, 2011.
TTM does not currently hold any shares or voting rights in Aspocomp. If the transactions contemplated by the letter of intent are completed, TTM’s holdings in Aspocomp would, pursuant to the notification, increase to 12,274,355 shares and voting rights, representing a 19.7 percent holding in the shares and voting rights in Aspocomp (flagging thresholds to be exceeded: 1/20, 1/10 and 3/20). Pursuant to the notification, the letter of intent expires by June 30, 2011, subject to signing and completing definitive agreements.
Pursuant to the notification, the percentages of shares and voting rights held by TTM as a result of the transactions have been calculated in accordance with Section 7.3.1 subsections (22) and (23) of Standard 5.2b of the Finnish Financial Supervision Authority. Pursuant to the notification, if the transactions will be completed, the number of outstanding shares of Aspocomp will increase by 12,274,355.
The I.R.S. Employer Identification number of TTM is 91-1033443.
Aspocomp has one series of shares. The total number of shares issued by Aspocomp, as registered with the Finnish Trade Register, is 49,905,130. Each share entitles to one voting right. Therefore, the total number of voting rights in Aspocomp is 49,905,130.
For further information, please contact Sami Holopainen, CEO,
tel. +358 9 59 181.
ASPOCOMP GROUP PLC.
President and CEO
Aspocomp: Flexibility of product design
Aspocomp Group Plc provides services for the design and manufacture of high-tech PCBs. Aspocomp’s products are used in the electronics industry, for instance, in telecommunications networks, automobiles and many type of industrial applications.