Cencorp - Company Announcement

CENCORP AGREED WITH DANSKE BANK OYJ (FORMER SAMPO PANKKI OYJ) ON AMENDMENT OF FINANCING FACILITIES AND WITH SAVCOR GROUP OY AND SAVCOR INVEST BV ON TRANSFERRING THE LOAN MATURITY DATES

Cencorp Corporation              Stock Exchange Release 1 July 2013 at 16.10
Finnish time 





CENCORP AGREED WITH DANSKE BANK OYJ (FORMER SAMPO PANKKI OYJ) ON AMENDMENT OF
FINANCING FACILITIES AND WITH SAVCOR GROUP OY AND SAVCOR INVEST BV ON
TRANSFERRING THE LOAN MATURITY DATES 
Cencorp has had financing facility agreement amounting totally to EUR four
million with Danske Bank Oyj (former Sampo Pankki Oyj). The agreement's due
date was 30 June 2013. Cencorp has agreed with Danske Bank on extending the
financing facility agreement until the end of September 2013. 
In December 2012, Savcor Group Oy and Cencorp agreed on extending the maturity
date of a loan of some EUR 1.2 million, granted to Cencorp by Savcor Group Oy
in 2009 and converted into a convertible bond on 25 May 2010, until the end of
June 2013. Cencorp has agreed with Savcor Group Oy on extending the loan period
until the end of September 2013. 
Cencorp has a loan of EUR one million from Savcor Invest BV (former AC Invest
BV), a daughter company of Savcor Group Oy. In December 2012 the loan period
was extended until 30 June 2013. The companies have agreed on extending the
loan period until the end of September 2013. 
The subcription of Cencorp's convertible bonds as well as the loan given by The
Finnish Funding Agency for Technology and Innovation - Tekes have improved thecompany's liquidity. However, as the company continues to make investments and
prepares for remarkable increase in the net sales the company's financing
position continues to be tight until the operations turn into positive in terms
of EBITDA. 
In Mikkeli, 1 July 2013



Cencorp Corporation

Board of Directors



For more information, please contact:

Iikka Savisalo, President and CEO, tel. +358 40 521 6082,
iikka.savisalo@cencorp.com 
Distribution:
NASDAQ OMX, Helsinki
Main media
www.cencorp.com
Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. 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 customers are manufacturers of automotive
electronics, mobile phone antennas and photovoltaic modules as well as
manufacturers operating in telecommunications and in industrial automation.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.