ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE November 17, 2006 at 2:00 PM
ASPOCOMP: CONVERTIBLE DEBENTURE LOAN MAINLY TO INSTITUTIONAL INVESTORS,
NEGOTIATIONS TO ACQUIRE MINORITY SHARE IN CHINESE SUBSIDIARY
The Board of Directors of Aspocomp Group Oyj has today resolved to use the
authorization given by the Shareholders’ Meeting on April 10, 2006, to issue a
convertible debenture loan. The loan will be issued to institutional investors in
deviation from the shareholders’ pre-emptive subscription rights. The selling
period will begin on November 21 and end on November 27, 2006.
The maximum amount of the loan is EUR 11 million, issued as a Private Placement,
and the maturity of the loan is 5 years. The convertible debenture loan grants an
option to subscribe a maximum of 4,016,410 new shares in the company. The share
subscription period will begin on February 1, 2007, and end on October 31, 2011.
The net proceeds from the sale of loan will be used to effect potential
acquisitions or other arrangements related to development of the company’s
operations and/or for financing investments.
The issue will be managed by OKO Bank plc.
Due to the issuance of the convertible debenture loan, the company discloses the
following matter still under preparation:
Aspocomp Group Oyj and Chin-Poon Industrial Co., Ltd. (Chin-Poon) are negotiating
about further developing ACP Electronics Ltd. (ACPE) and the possibility of
increasing Aspocomp’s investments in China. ACPE is a joint venture of the
negotiating partners that manufactures printed circuit boards (PCBs) in Suzhou,
China. The partners are studying the possibility to transfer the manufacturing of
single-sided PCBs to Chin-Poon’s Changshu plant in China. This would allow an
increase in manufacturing capacity for high density interconnection (HDI) PCBs at
ACPE. HDI products are mainly used for portable devices such as mobile phones.
The duration of the negotiations cannot be estimated at this point and they may
not result in a contract.
For further information, please contact Tapio Engström, CFO,
tel. +358 9 7597 0714.
ASPOCOMP GROUP OYJ
Board of Directors
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for
the electronics industry in close cooperation with its customers. We are strongly
positioned as a supplier of mobile data terminal equipment components and aim to
further bolster our position as a supplier to the automotive industry and data
communications networks. We offer our global customers a fast road to mass
production through flexible and cost-effective adaptation of new technologies.
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China, and Thailand. In 2005, the Group’s net sales stood at EUR 154
million and it had about 3,400 employees.
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