Aspocomp Group Plc
Changes in company’s own shares
DIRECTED ISSUE OF TREASURY SHARES IN ASPOCOMP GROUP PLC TO ASPOCOMP OULU OY
Espoo, Finland, 2011-12-22 18:30 CET (GLOBE NEWSWIRE) —
Aspocomp Group Plc., Company Announcement, December 22, 2011 at 7.30 p.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 to offer 1,440,005 treasury shares through a directed share issue to its subsidiary Aspocomp Oulu Oy.
The selling price of EUR 0.24 per share corresponds to the closing price of the company’s share on 22 December 2011.
The purpose of the sale of treasury shares is to strengthen the equity of the company and to ensure that there is a sufficient amount of treasury shares available for 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 subscription price of the new shares will be registered in its entirety to the invested unrestricted equity fund of Aspocomp Group Plc. The company does not hold any treasury shares after the transfer.
For further information, please contact Sami Holopainen, CEO, tel. +358 9 59 181, sami.holopainen(at)aspocomp.com.
ASPOCOMP GROUP PLC
Aspocomp: Providing design flexibility
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.