CENCORP CORPORATION STOCK EXCHANGE RELEASE April 30, 2014 at 9.30 Finnish time
CENCORP CORPORATION HAS RESOLVED ON THE APPROVAL OF SUBSCRIPTIONS WITHIN THE DIRECTED SHARE ISSUE FOR A FEE
In directed share issue for a fee to certain Cencorp´s directors and previous board member, released on April 11, 2014 all together 8,159,821 new company shares were subscribed. The subscription price for the shares in the directed share issue was 0.025 euro per share. Company has accepted the subscriptions.
The company collected approx. 203,996 euros of new equity through the directed share issue and 201,996 euro of the subscriptions has been paid by the setting-off non-disputed contractual based receivables. According to the terms and conditions of the directed share issue, the subscription price shall be recorded entirely to the company’s invested free equity fund.
Due to the accepted share subscriptions the amount of the shares in the company shall increase from 854,312,315 shares to 862,472,136 shares once the new shares have been registered with the Trade Register.
The Company aims to apply for listing of the new shares at the official list of NASDAQ OMX Helsinki Ltd together with the shares already issued and listed latest approximately on May 30, 2014. For the listing of the new shares, the Company will separately publish a supplement to the Registration Document dated December 9, 2013 as well as a Summary and a Securities Note prior to the listing of the new shares.
In Mikkeli, April 30, 2014
CENCORP CORPORATION
For more information:
Iikka Savisalo
President and CEO
Cencorp Oyj
Tel. +358 40 521 6082,
Email: iikka.sav isalo@cencorp.com
Distribution:
NASDAQ OMX, Helsinki
Main media
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.
