Ixonos - Company Announcement

IXONOS: DISCLOSURE NOTIFICATION UNDER CHAPTER 9, SECTION 5 OF THE SECURITIES MARKETS ACT AND PERMANENT EXEMPTION FROM THE OBLIGATION TO MAKE A MANDATORY PUBLIC TENDER OFFER UNDER CHAPTER 11, SECTION 26 OF THE SECURITIES MARKET ACT

Helsinki, Finland, 2013-11-14 17:33 CET (GLOBE NEWSWIRE) -- Ixonos Plc         
Stock Exchange Release          14 November 2013 at 18:30 




On 14 November 2013, Ixonos Plc ("Ixonos" or "Company") has received the
following disclosure notification, pursuant to the Securities Markets Act, of a
potential change in a portion of holdings: 



Turret Oy Ab's ("Turret") portion of Ixonos' voting rights and total number of
shares may exceed 30 or 50 per cent should Turret subscribe all shares to which
its subscription commitment in Ixonos' rights issue ("Rights Issue"), announced
on 11 November 2013, applies. On 11 November 2013, Turret held altogether
1,708,884 Ixonos shares, which is equivalent to approximately 24.25 per cent of
Ixonos' share capital and voting rights. 



The Finnish Financial Supervisory Authority has today granted a permanent
exemption under Chapter 11, Section 26 of the Securities Market Act to Turret
from the obligation to make a mandatory public tender offer for the remaining
shares in Ixonos and securities issued by the Company entitling to shares in
the Company pursuant to Chapter 11, Section 19 of the Securities Market Act in
the event that Turret's shareholding would, based on the subscription
commitment, corresponding to Turret's pro rata ownership in the Company, exceed
30 or 50 per cent of the votes in the Company as a result of the Rights Issue. 



In addition to Turret, the Chairman of the Company's Board, Mr Pertti Ervi
(approximately 0.35 per cent of shares) and the Company's CEO, Mr Esa Harju
(approximately 0.17 per cent of shares), both shareholders in the Company, have
given a subscription commitment to fully subscribe all new shares that may be
subscribed pursuant to their holdings in the Company. Should Turret and the
other aforementioned parties that have given a subscription commitment be the
only parties to subscribe the new shares offered in the Rights Issue, Turret's
maximum ownership share in Ixonos would be 20,506,608 shares following the
Rights Issue, which would be equivalent to approximately 78.13 per cent of
Ixonos' share capital and voting rights. 



In addition to its subscription commitment, Turret has provided an underwriting
commitment to subscribe shares that are otherwise not subscribed in the Rights
Issue with a maximum amount of EUR 1 million. If the underwriting commitment
provided by Turret is used, it shall, however, only be used to the extent that
Turret's ownership does not exceed 30 per cent of all voting rights attached to
the Company's shares as a result of the use of the subscription commitment and
underwriting commitment. The subscription commitment and the underwriting
commitment may only be used if certain standard preconditions are met. 



Before the Rights Issue, Ixonos has altogether 7,047,825 shares and votes. If
the Rights Issue is fully subscribed, Ixonos will have altogether 84,573,900
shares and votes. 



Helsinki, 14 November 2013



IXONOS PLC



The Board of Directors





Additional Information

Esa Harju, CEO and President, tel. +358 40 844 3367, esa.harju@ixonos.com

Teppo Talvinko, CFO, puh. +358 40 7153 660, teppo.talvinko@ixonos.com



Distribution:

NASDAQ OMX Helsinki

Main media

Attachments:

Ixonos_disclosure_notification.pdf