Honkarakenne Oyj - Total number of voting rights and capital

HONKARAKENNE’S BOARD OF DIRECTORS RESOLVES ON A DIRECTED SHARE ISSUE

HONKARAKENNE OYJ Stock Exchange Release 3 March 2017 at 3:00 p.m.

HONKARAKENNE’S BOARD OF DIRECTORS RESOLVES ON A DIRECTED SHARE ISSUE

The Board of Directors of Honkarakenne Oyj today carried out a directed share
issue based on a share issue authorization granted by the Annual General
Meeting on 15 April 2016. In the directed issue, AKR Invest Oy subscribed for
1,000,000 Honkarakenne B shares. 

The subscription price was EUR 1.50/share, i.e. EUR 1,500,000 in total. To
determine the subscription price, the Board of Directors requested a fairness
opinion from an outside party. The fairness opinion received supports the
acceptability and accuracy of the subscription price. The subscription price
paid for the shares will be entered, in full, in the company’s invested
unrestricted equity fund. The subscription price has been paid in full. 

The Board of Directors launched a directed share issue to reinforce the
company's financial and balance sheet position. The share issue thus had a
weighty reason in accordance with the Limited Liability Companies Act. 

Arto Tiitinen, Chairman of the Honkarakenne Board, commented on the share issue
as follows: ” The company has been looking for a new financing method for some
time. The directed share issue reinforces the company's financial position and
enables us to implement the development projects we have been planning. The
share issue provides preconditions for the company’s long-term development and
the acquisition of longer-term financing methods.” 

When the new shares are entered in the Trade Register, the rights pertaining to
them will be equal to those of the company’s earlier B shares. It is estimated
that the subscribed shares will be admitted for public trading at Nasdaq OMX
Helsinki Oy in spring 2017. 

Before the share issue, the number of Honkarakenne Oyj shares entered in the
Trade Register totals 5,211,419 shares, of which 300,096 are A shares and
4,911,323 are B shares. The company's registered share capital is EUR
9,897,936.00. Each B share carries one (1) vote and each A share carries twenty
(20) votes. Prior to the share issue, Honkarakenne's shares in aggregate thus
carry a total of 10,913,243 votes. 

After the share issue, Honkarakenne Oyj’s share capital will comprise a total
of 6,211,419 shares, of which 300,096 are A shares and 5,911,323 are B shares.
The company’s share capital will remain unchanged and be EUR 9,897,936.00. Each
B share will carry one (1) vote and each A share carry twenty (20) votes. After
the share issue, Honkarakenne's shares in aggregate will thus carry a total of
11,913,243 votes. 

HONKARAKENNE OYJ

Board of Directors

 
MORE INFORMATION 
Marko Saarelainen, President and CEO, tel. +358 (0)40 542 0254,
marko.saarelainen@honka.com 
 
 
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
Financial Supervisory Authority
www.honka.com