Aspocomp Group - Company Announcement

AMENDMENT OF THE TERMS OF ASPOCOMP GROUP PLC’S CONVERTIBLE DEBENTURE LOAN

Espoo, Finland, 2011-12-20 10:15 CET (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Company Announcement 20 December 2011 at 11:15 am

Aspocomp Group Plc's Extraordinary General Meeting has today decided on a
reverse share split in which ten existing shares are merged into one new share.
Subsequent to such reverse share split, the Board of Directors has today
decided to amend the terms and conditions of the Debenture Loan I/2006 and of
the existing option and other special rights relating to such loan. 

The terms and conditions of the Debenture Loan and the special rights decided
upon on 18 April 2007 are amended in accordance with their terms so that each
right of a thousand euros will entitle its holder to subscribe 47 shares of the
company instead of 467 shares. There are 200 special rights outstanding. The
maximum amount of shares to be issued pursuant to mentioned special rights is
thus 9,400. 

In addition, the terms of the option rights agreed upon in the Amendment
Agreement relating to the Debenture Loan described in the company announcement
dated 31 March 2008 and decided upon on 2 April 2008 are amended so that
subsequent to the reverse share split ten option rights, instead of one,
entitle its holder in certain situations to subscribe one share at a
subscription price of 0.00001 euros. Should the total amount of shares of an
option holder be a fraction, the amount is rounded upwards to the closest full
number of shares. There are a maximum of 390,000 option rights outstanding. The
maximum amount of shares to be issued pursuant to mentioned option rights is
thus 39,000. 


In Espoo, 20 December 2011

ASPOCOMP GROUP PLC

Sami Holopainen

CEO



For further information please contact Sami Holopainen, CEO, tel. (09) 59 181,
sami.holopainen(at)aspocomp.com. 

www.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.