Cencorp Corporation Stock Exchange Release 6 February 2014 at 8.50 Finnish time
CENCORP CORPORATION HAS RECEIVED FLAGGING NOTIFICATION FROM KESKINÄINEN ELÄKEVAKUUTUSYHTIÖ ETERA IN ACCORDANCE WITH CHAPTER 9 SECTION 5 OF THE FINNISH SECURITIES MARKET ACT
Cencorp Corporation (hereinafter ”Cencorp”) hereby discloses in accordance with Finnish Securities Market Act Chapter 9 Section 10 that it has on 5 February 2014 received flagging notification from Keskinäinen Eläkevakuutusyhtiö Etera (hereinafter “Etera”) pursuant to the Finnish Securities Market Act Chapter 9 Section 5. Pursuant to the flagging notification of Etera, its share of all issued Cencorp shares and voting rights has fallen below 10 per cent.
1. Issuer
Cencorp Corporation, business ID 0749606-1
2. Person subject to the notification obligation
Keskinäinen Eläkevakuutusyhtiö Etera, business ID 0117086-1
3. Grounds for the flagging notification
Arrangement which has resulted in falling below the flagging notification threshold of 10 per cent calculated in accordance with Finnish Securities Market Act Chapter 9 Section 5
4. Date on which Etera fell below the flagging threshold of 10 per cent
4 February 2014
5. Key contents of the arrangement
Etera subscribed in total a number of 47.279.125 new shares in the share issue resolved by Cencorp on 9 December 2013. Previously Etera owned a number of 16.394.735 shares in Cencorp. After all the new shares subscribed in the share issue were registered with the Trade Register on 4 February 2014, the total number of shares in Cencorp increased from 346.161.270 shares to 854.312.315 shares. In addition, Etera has the right to subscribe a number of 21.428.571 shares in Cencorp on the basis of the convertible loan issued to it by Cencorp on 17 May 2013.
6. Amount of shares and voting rights
Etera owned a number of 16.394.735 shares in Cencorp prior to the arrangement described above and it has also had the right to subscribe a number of 21.428.571 shares in Cencorp on the basis of the convertible loan issued to it by Cencorp on 17 May 2013. Etera's percentage of Cencorp's shares and voting rights has been 10,29% prior to the arrangement described above assuming that Etera would have subscribed all the shares that it would have been entitled to subscribe on the basis of the convertible loan issued to it by Cencorp on 17 May 2013.
Etera owns a number of 63.673.860 shares in Cencorp after the arrangement described above and it has also the right to subscribe a number of 21.428.571 shares in Cencorp on the basis of the convertible loan issued to it by Cencorp on 17 May 2013. Etera's percentage of Cencorp's shares and voting rights is 9,72% after the arrangement described above assuming that Etera would subscribe all the shares that it would be entitled to subscribe on the basis of the convertible loan issued to it by Cencorp on 17 May 2013.
In Mikkeli, 6 February 2014
CENCORP CORPORATION
Iikka Savisalo, President and CEO
For more information, please contact:
Iikka Savisalo, President and CEO, Cencorp Corporation
tel. +358 40 521 6082; Email: iikka.savisalo@cencorp.com
Distribution:
NASDAQ OMX, Helsinki
Main media
www.cencorp.com
Cencorp Corporation is a leading provider of industrial automation solutions. The equipment in the product portfolio include automated applications of odd-form assembly and depaneling for the electronic boards, testing equipment and advanced materials processing by laser. All Cencorp's offering improves the efficiency of the customers' production. Cencorp has clean technology, especially photovoltaic (PV) solutions as its other business segment. Cencorp now offers its automated manufacturing technology of the PV modules, manufactures and sells photovoltaic modules, based on Cencorp´s own technology as well as key components of photovoltaic modules. The product range also includes EMI shielding solutions, RFID antennas, other flexible circuits including for example conductive back sheets used in photovoltaic modules and mobile phone antennas. Cencorp's head office is located in Mikkeli, Finland. The company is part of the Finnish Savcor Group.
