Aspocomp Group Plc
PRELIMINARY RESULT OF CASH TENDER OFFER FOR ASPOCOMP GROUP PLC'S CONVERTIBLE BONDS
Espoo, Finland, 2011-06-23 07:30 CEST (GLOBE NEWSWIRE) —
Aspocomp Group Plc., Company Announcement, June 23, 2011 at 8:30 a.m.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA AND THE UNITED STATES
The offer period in the cash tender offer by Aspocomp Group Plc (“Aspocomp” or the “Company”) for all the convertible bonds issued by it on December 1, 2006 which entitle their holders to subscribe for shares in the Company (the “Convertible Bonds”) and which the Company has not redeemed earlier on the basis of a redemption agreement signed on May 4, 2011 (the “Redemption Agreement”), ended on June 22, 2011 at 4:00 p.m. Finnish time.
According to the preliminary result of the tender offer, the Convertible Bonds for which the tender offer has been validly accepted represent approximately 25.6 % of the original nominal value of the Convertible Bonds. In addition, Aspocomp bought back altogether 69.2% of the original nominal value of the Convertible Bonds on June 8-10, 2011 on the basis of the Redemption Agreement. Therefore, after the completion of the tender offer, Aspocomp has bought altogether approximately 94.9 % of the original nominal value of the Convertible Bonds.
As all the conditions to the completion of the tender offer published on May 24, 2011 have been fulfilled, Aspocomp will complete the tender offer in accordance with its terms and conditions.
The final result of the tender offer will be confirmed and announced on or about June 28, 2011.
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.