ASPOCOMP GROUP PLC STOCK EXCHANGE RELEASE October 12, 2006 at 10:40 AM
ASPOCOMP S.A.S.: ASPOCOMP’S APPEAL RE-REGISTERED FOR FURTHER PROCEEDINGS
In the case against the former employees of Aspocomp S.A.S., the French Supreme
Court has re-registered Aspocomp’s appeal for further proceedings on October 11,
2006. All except one of the former employees gave their consent for the re-
registration. Aspocomp placed a security against the consent to secure its
potential payment obligations under the First Appellate Court decisions. Aspocomp
has paid a compensation of 30,702 euro to one employee in accordance to the
decision of the First Appellate Court. In case the Supreme Court annuls the
decision of the First Appellate Court, Aspocomp will have the right to reclaim
the compensation. The decision of the Supreme Court is expected during the spring
As described in the Aspocomp’s interim report of August 9, 2006, the French
Supreme Court withdrew Aspocomp’s appeal from its list of pending cases in
December 2005. The decision was based on the fact that Aspocomp has not paid the
compensation of approximately EUR 11 million to the former employees as ruled by
the First Appellate Court on March 22, 2005. According to French legislation, a
decision of the appellate court, i.e. the lower court, must normally be executed
although an appeal has been formed.
For further information, please contact Maire Laitinen, Legal Council,
tel. +358 9 7597 0723.
ASPOCOMP GROUP PLC
President and CEO
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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