Share price in Aspocomp’s institutional and retail offering 62.00 euro
Based on the authorization given by the Annual General Meeting on March 17, 2000, the Board of Directors of Aspocomp Group Oyj (the Company) decided on May 23, 2000 to increase the share capital of the Company by a maximum of 1,191,510 euro by way of a directed issue of up to 1,191,510 new shares to Finnish retail, and to Finnish and international institutional investors as well as employees based on subscription commitments received. Furthermore, two current shareholders (European Strategic Investors Holdings NV and Kaleva Mutual Insurance Company) have decided to sell a total of 570,000 existing shares to domestic and international institutional investors. The offer price for all shares sold was set at 62.00 euro in the institutional and retail offering, and at 55.80 euro in the employee offering. Gross proceeds to the Company are expected to be 73.9 million euro, before fees and expenses in respect of the issue.
73 % of the offered shares were allocated to international and 27 % to Finnish investors. 1,745,960 of the shares were allocated to institutional investors, 14,040 shares to retail investors, and 1,510 to employees. The increase of the Company’s share capital is expected to be entered into the Finnish Trade Register on or about May 29, 2000 when accepted subscriptions have been paid. The share capital will increase by euro 1,191,510 to euro 9,961,926. The delivery of the offer shares in the Finnish Book-Entry Securities System will be confirmed on or about May 30, 2000. The new shares will be officially listed on the main list of the Helsinki Stock Exchange on or about May 30, 2000. Merrill Lynch International acted as Global Coordinator and Bookrunner and Conventum Corporate Finance Limited as Finnish Lead Manager in the offering. The Company has granted an option to Merrill Lynch International on behalf of the Managers, exercisable at any time within 30 days from the date of the completion of the offering, to purchase up to an aggregate 180,000 additional shares solely to cover over- allotments, if any. If this option is exercised, the share capital of the Company will be further increased by 180,000 euro.
For more information, please contact:
Chief Executive Officer, on +358 9 759 70711
Chief Financial Officer, on +358 9 759 70714
ASPOCOMP GROUP Oyj
President and CEO
Press and Media
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES OR POSSESSIONS. SHARES OF ASPOCOMP GROUP OYJ HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), OR THE LAWS OF ANY STATE, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE LAWS. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE U.S., CANADA, AUSTRALIA OR JAPAN.