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2010-06-01 14:40:00 CEST 2010-06-01 14:40:01 CEST REGULATED INFORMATION Ixonos - Company AnnouncementIxonos announces the terms of its approx. EUR 6.1 million rights issueIxonos Plc Stock exchange release 1 June 2010, at 15:40 IXONOS ANNOUNCES THE TERMS OF ITS APPROX. EUR 6.1 MILLION RIGHTS ISSUE Ixonos announces the terms of its approx. EUR 6.1 million rights issue: - The subscription price is EUR 1.15 per share. - Subscription ratio: seven existing shares entitle the holder to subscribe for four new shares (7:4). - The ex-rights date is 2 June 2010 and the record date for the rights issue is 4 June 2010. - Subscription rights will be traded from 9 to 16 June 2010. - The rights issue subscription period will run from 9 to 23 June 2010. Pursuant to the authorisation granted by Ixonos' Extraordinary General Meeting on 1 June 2010, the Board of Directors of Ixonos Plc has decided to issue up to 5,321,765 shares in accordance with the pre-emptive rights of the current shareholders. Shareholders who are registered on the company's shareholder list on the record date, 4 June 2010, are entitled to subscribe for seven shares for each four] shares owned. The subscription price is EUR 1.15 per share. This price represents a discount of approximately 47 per cent on the theoretical ex-rights price (TERP) based on the closing price of Ixonos Plc's share at NASDAQ OMX Helsinki on 31 May 2010. Assuming that all shares are subscribed for, they are expected to represent some 36,4 per cent of all company shares and votes after the rights issue. The company has submitted a securities note to the Financial Supervisory Authority (FIN-FSA). This securities note will be published on approximately 2 June 2010. FIN-FSA has approved the base prospectus for Ixonos on 14 May 2010. The company will send its registered shareholders in Finland a mini prospectus describing the key points of the rights issue. The rights issue subscription period begins on 9 June 2010. Subscription rights will be traded from 9 June 2010. Trading in subscription rights at NASDAQ OMX Helsinki will end on 16 June 2010. The rights issue subscription period ends on 23 June 2010. The preliminary result of the rights issue will be announced on approximately 24 June 2010. The final result will be announced on approximately 30 June 2010. Assuming that all shares are subscribed for, Ixonos' gross proceeds from the rights issue will be approximately EUR 6.1 million. Ixonos intends to use the proceeds from the rights issue to strengthen the balance sheet as well as to finance the company's growth, particularly by expanding the international sales and service network. Underwriting Turret Oy Ab and Ilari Koskelo have underwritten in full the new shares to which their holdings entitle them. Turret Oy Ab is Ixonos Plc's largest shareholder and holds approximately 16.1 per cent of Ixonos Plc's shares. Ilari Koskelo and the companies under his control hold approximately 2.1 per cent of Ixonos Plc's shares. The common funds Alfred Berg Small Cap Finland, which represents approximately 4.1 per cent of the shares, and Nordea Investment Funds, which represents approximately 4.1 per cent of the shares, have indicated their intentions to subscribe for the new shares to which their holdings entitle them. In addition, Turret Oy Ab, Ilari Koskelo and Mutual Insurance Company Pension-Fennia have underwritten shares that may prove not to be otherwise subscribed for in the rights issue. The maximum amount of this underwriting is EUR 2 million for Turret Oy Ab, EUR 1 million for Ilari Koskelo and EUR 2 million for Mutual Insurance Company Pension-Fennia. Turret Oy Ab's portion of Ixonos' shares is conditional upon Turret Oy Ab's holding not exceeding, under any circumstances, 30 per cent of all Ixonos Plc shares after the rights issue has been completed. The terms of the rights issue accompany this release. Pohjola Corporate Finance Ltd is the lead manager of the rights issue. IXONOS PLC Timo Leinonen CFO For more information, please contact: Ixonos Plc, Timo Leinonen, CFO, tel. +358 400 793 073, email timo.leinonen@ixonos.com Distribution: NASDAQ OMX Helsinki Main media |
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