Cencorp - Company Announcement

CENCORP SHARE ISSUE OVERSUBSCRIBED - THE FINAL RESULT OF THE SHARE ISSUE RESOLVED BY CENCORP CORPORATION ON DECEMBER 9, 2013

CENCORP CORPORATION          STOCK EXCHANGE RELEASE       JANUARY 29, 2014 AT
17.25 FINNISH TIME 



CENCORP SHARE ISSUE OVERSUBSCRIBED - THE FINAL RESULT OF THE SHARE ISSUE
RESOLVED BY CENCORP CORPORATION ON DECEMBER 9, 2013 



The Board of Directors of Cencorp Corporation (the "Company") has resolved on
December 9, 2013, pursuant to the authorization granted to it by the
extraordinary general meeting of the Company held on December 4, 2013, on the
share issue against payment by which the Company offers at the most 508.151.045
new shares of the Company for subscription to its shareholders and to the
holders of its convertible bonds I/2010, I/2012 and I/2013 (the "Share Issue").
The subscription period ended on January 24, 2014. 



According to the final result of the Share Issue, the total amount of
subscriptions was 627.064.325 shares, which represents 123 per cent of the
508.151.045 shares offered in the Share Issue. Due to the oversubscription, the
Board had to reject part of the subscriptions made on the basis of the
secondary subscription rights in accordance with the terms of the Share Issue.
As a result of the Share Issue, the number of the Company's shares shall
increase by 508.151.045 to 854.312.315 shares. In total, 2.413 subscribers
participated in the Share Issue. 



The Company collected 4.911.973  euros of new equity through the Share Issue.
Approximately 2,4 million euros of the total subscription price was paid by the
capital and/or interest receivables related to loans with interest that the
Company owed to the respective subscribers. This includes the subscription of
approximately 2,1 million euros by Savcor Group Oy. 



The subscription price of 4.911.973 euros for the Share Issue shall be in whole
entered into the fund of the invested unrestricted equity of the Company. The
Share Issue has no effects to the registered share capital of the company. 



As far it concerns the new shares subscribed on the basis of the primary
subscription rights, trading of the interim shares representing the new shares
on the NASDAQ OMX Helsinki, as a separate share class, commenced January 27,
2014. The interim shares will be combined with the Company's present share
class when the new shares have been registered in the Trade Register. The new
shares subscribed and accepted on the basis of the secondary subscription
rights will be entered in the subscriber's book-entry account after the new
shares have been registered in the Trade Register. 



The new shares will be registered with the Trade Register, which is expected to
take place on February 4, 2014. The new shares are expected to be entered into
public trading on February 5, 2014. 



Mikkeli, January 29, 2014



CENCORP CORPORATION



For more information:

Iikka Savisalo

President and CEO

Cencorp Corporation



Tel.: +358 40 521 6082, Email: iikka.savisalo@cencorp.com



Distribution:

NASDAQ OMX Helsinki Ltd

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 improvesing
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. 



Please note:

The information in this stock exchange release is not intended to be disclosed
or distributed, directly or indirectly partly or in whole, in Australia, South
Africa, Japan, Hong Kong, Canada or in the United States or in any other
country where the disclosure of this stock exchange release would be contrary
to law. 



The information of this stock exchange release does not constitute an offer to
sell securities in the United States, and securities subject to this release
shall not be offered or sold in the United States unless they have been
registered in accordance with the Securities Act of 1933 (including amendments)
and provisions and regulations issued under the Act or unless the registration
requirement has been waived. No offer to sell the securities or no part of such
offer will be registered in the United States, and the securities will not be
offered to the public in the United States. 



This release must not be interpreted as a direct or indirect offer to sell or
acquire the securities, and none of the securities will be sold in areas where
it is contrary to law to offer, acquire or sell securities before the
registration of such securities or before an exception has been granted or an
approval has been issued in accordance with the applicable securities
legislation.