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2010-12-03 12:05:00 CET 2010-12-03 12:05:14 CET REGULATED INFORMATION Scanfil - Company AnnouncementSCANFIL EMS OY SIGNED EUR 40 MILLION LOAN AGREEMENTSCANFIL PLC STOCK EXCHANGE RELEASE 3 DECEMBER 2010 1.00 P.M. SCANFIL EMS OY SIGNED EUR 40 MILLION LOAN AGREEMENT Scanfil plc's 100% owned subsidiary Scanfil EMS Oy has today on 3 December 2010 signed a loan agreement amounting to EUR 40 million (Loan). The Loan is being granted by Nordea Pankki Suomi Oyj and the Loan maturity is five years. The Loan is used to repay the loans of Scanfil EMS Group to it's parent company Scanfil plc, which are related to the returning of equity made in the autumn 2009 and a loan granted by Scanfil plc to Scanfil EMS Oy's subsidiary Scanfil Oü operating in Estonia. Scanfil plc will use the capital in investment activities. SCANFIL PLC Harri Takanen President Additional information: President Harri Takanen Tel +358 8 4882 111 Distribution NASDAQ OMX, Helsinki Major Media www.scanfil.com Scanfil Group comprises the investment and parent company Scanfil plc, and a subgroup called Scanfil EMS Oy, which is engaged in contract manufacturing for international telecommunications technology and professional electronics manufacturers. The objective of the investment activities is to make the management of the company's funds more effective and productive by diversifying the risks and finding new growth potential. Scanfil has over 30 years of experience in demanding contract manufacturing. Scanfil is a systems supplier that offers its products and services to international telecommunications systems manufacturers and professional electronics customers. Typical products are equipment systems for mobile and public switched telephone networks, automation systems, frequency converters, lift control systems, equipment and systems for electricity production and transmission, analysers, slot machines and different meteorological instruments. The company has production facilities in China, Estonia, Hungary and Finland. The associated companies of Scanfil Group: Kitron ASA (KIT) (Scanfil plc's share of ownership 32,96%) is a listed Norwegian subcontractor, which operates in five different customer segments: the marine and oil industry, basic industry, defence equipment industry, hospital and healthcare equipment industry and data and telecommunications industry. In addition to Norway, Kitron ASA has plants and production in Sweden, Lithuania, Germany, China and, as of the beginning of 2011, also in the United States. Kitron ASA's turnover in 2009 was NOK 1,730.7 million (about EUR 218.5 million). www.kitron.com Greenpoint Oy (Scanfil EMS Oy's share of ownership 40%) focuses on development and supply of solutions and equipment, which improve placements, visibility and sales of customer products in the Point-Of-Sale. The Greenpoint product portfolio includes a large variety of refrigerated merchandisers, displays and integrated check-out zone concepts. The company serves both brand owners and retail chains internationally. Along with the European markets Greenpoint Oy has entered North and Latin American markets through partnerships. www.greenpoint.fi IonPhasE Oy (Scanfil plc's share of ownership 40%) develops and manufactures high performance dissipative polymers that help to control static electricity. IonPhasE products are utilized in wide range of industries like chemical, automotive, telecommunication and consumer electronics. Based on own patented technology, IonPhasE manufactures polymers called IonPhasE IPE. www.ionphase.fi Panphonics (Scanfil plc's share of ownership 40%) is the world's leading provider of directional audio solutions. Panphonics manufactures directional audio solutions for acoustically demanding applications based on it's own patented technology. Panphonics Sound Shower® directional audio speakers can be found in banks, retail stores, digital signage projects, information kiosks, theatres, and offices throughout the world. Panphonics is also component manufacturer and licensor of plane wave technology for industrial audio manufacturers and audio solution providers. www.panphonics.com |
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