Aspocomp Group Plc
ASPOCOMP GROUP PLC’S SHARE ISSUE TO THE COMPANY ITSELF WITHOUT CONSIDERATION
Espoo, Finland, 2011-12-20 10:00 CET (GLOBE NEWSWIRE) —
Aspocomp Group Plc, Company Announcement, December 20, 2011 at 11:00 a.m.
The Board of Directors of Aspocomp Group Plc has, pursuant to the authorization of the Extraordinary General Meeting held on 20 December 2011, resolved on an issue of 1,305,410 shares to the company itself without consideration in accordance with chapter 9 section 20 of the Companies Act.
After the share issue, the total number of shares in the company will amount to 63,484,890, out of which the company will hold 1,440,005 shares as treasury shares.
The new shares will be registered with the trade register on or about 22 December 2011, after which the company will file an application for entering the shares into the book-entry system maintained by Euroclear Finland Ltd. After this, the shares will be recorded on the book-entry account of the company and the company will apply for the admission of the shares to public trading on the stock exchange list of NASDAQ OMX Helsinki Ltd on or about 23 December 2011.
The company issues the shares to itself for the purpose of having a sufficient amount of treasury shares available to potentially sell such shares to its subsidiary Aspocomp Oulu Oy in order for it to use the shares as consideration in connection with the acquisition of business operations of Cibo-Print Oy’s factory in Teuva in accordance with the terms and conditions of the Business Purchase Agreement between Cibo-Print Oy and Aspocomp Oulu Oy dated 19 December 2011.
The entering into the Business Purchase Agreement regarding the acquisition of the business operations of Cibo-Print Oy’s factory in Teuva and the main terms thereof have been announced by Aspocomp through a stock exchange release on 19 December 2011.
For further information, please contact Sami Holopainen, CEO, tel. +358 9 59 181, sami.holopainen(at)aspocomp.com.
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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.