Aspocomp Group Plc
REVERSE SHARE SPLIT OF ASPOCOMP GROUP PLC’S SHARES
Espoo, Finland, 2011-12-29 08:00 CET (GLOBE NEWSWIRE) —
Aspocomp Group Plc, Company Announcement 29 December 2011 at 9:00 a.m.
The new number of shares 6,348,489 of Aspocomp Group Plc, resulting from the reverse share split of the company’s shares, has been registered in the Trade Register today 29 December 2011.
The Extraordinary General Meeting of Aspocomp Group Plc of 20 December 2011 approved the proposal by the Board of Directors to decrease the number of the company’s shares, without decreasing the share capital, by means of a reverse share split which merges ten (10) existing shares into one (1) new share for the purposes set out in Chapter 15 Section 9 of the Companies Act and in observance of the procedure specified therein. The purpose of the reverse share split is to improve share trading conditions and price formation, and to increase the value of individual shares.
Trading with the company’s shares continues in a normal manner and trading with the combined shares will start on Friday 30 December 2011.
In Espoo, 29 December 2011
ASPOCOMP GROUP PLC
For further information please contact Sami Holopainen, CEO, tel. (09) 59 181, sami.holopainen(at)aspocomp.com.
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 electronics industry, among others in telecommunications networks, handheld devices, automobiles and many type of industrial applications.