Componenta Corporation (Business ID 1635451-6) received on 15 August 2014 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act, according to which Etra Capital Oy’s holding of shares and voting rights of Componenta Corporation has fallen below 20%.
1. Target company: Componenta Corporation
2. Arrangement if realized shall lead into a situation where the shareholding and voting rights fall below the flagging notice limit of 20% according to Chapter 9, section 5 of the Securities Markets Act.
3. Name of shareholder Etra Capital Oy, Business ID 2305147-6
4. Shareholding and voting rights of the target company:
Shareholding and voting rights before flagging notification:
Number of shares: 6,751,450 Share of total number of shares and voting rights: 23.07%
Shareholding and voting rights after flagging notification:
Number of shares: 11,381,450 Share of total number of shares and voting rights: 11.70%
5. Essential content of the arrangement:
Componenta Corporation has on 15 August 2014 announced its financing arrangements. As part of the arrangements, Componenta will execute share issues in total of 68 million shares in two phases.
In the first share issue (“Private Placement”) the company has decided to offer in total maximum of 15 million shares to a limited group of selected investors (”Issued Shares”). The company has received the subscription commitments in total for 15,000,000 shares.
In addition, the Board of Directors proposes that the Extraordinary General Meeting to be held on 5 September 2014 will resolve to offer in the second phase of the share issues in total a maximum of 53,000,000 new shares (“New Shares”) to individuals and corporations in Finland (“the Share Issue”). The shareholders, who represent at least 70% of the company’s shares and voting rights, are committed to vote for the Share Issue in the Extraordinary General Meeting.
The company has received subscription commitments for a subscription of 5 million New Shares to be paid by cash. The company has received subscription commitments from certain bondholders to subscribe New Shares in the Share Issue with more than EUR 63 million by paying the subcriptions with the loan receivables of Componenta and the accrued but unpaid interest.
Etra Capital has committed to subscribe 3,400,000 Issued Shares in the Private Placement and 1,230,000 New Shares in the Share Issue.
The total amount of shares and votes published by Componenta Corporation on 15 August 2014 is 29,269,224. Basis for the flagging calculation is that the Private Placement and the Share Issue will realize according to maximum amount. After the Private Placement and the Share Issue the total amount of shares and votes will be 97,269,224.”
Helsinki, 18 August 2014
COMPONENTA CORPORATION
Heikki Lehtonen President and CEO
For further information, please contact:
Heikki Lehtonen President and CEO tel. +358 10 403 2200
Mika Hassinen CFO tel. +358 10 403 2723
Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 511 million in 2013 and its share is listed on the NASDAQ OMX Helsinki. The Group employs approx. 4,400 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.
