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2011-08-09 07:40:00 CEST 2011-08-09 07:40:02 CEST REGLERAD INFORMATION Innofactor Oyj - Corporate ActionEUR 5,000,000 increase of Innofactor Software Ltd's equityInnofactor Plc Stock Exchange Release August 9, 2011 at 8:40 Finnish time At its meeting on August 8, 2011, the Board of Directors of Innofactor Plc decided to increase the equity of Innofactor Software Ltd, a subsidiary of the group, by EUR 5,000,000. The equity was increased by having Innofactor Software Ltd offer new shares to Innofactor Plc for subscription at a total subscription price of EUR 5,000,000, of which EUR 4,997,600 was recorded in Innofactor Software Ltd's fund for invested unrestricted equity and EUR 2,400 in the share capital. The subscription price was fully paid through an offset of EUR 5,000,000 of Innofactor Plc's receivables from Innofactor Software Ltd. This equity increase was related to the arrangement reported earlier where the Innofactor group's business operations were taken on by Innofactor Software Ltd. The amount of Innofactor Software Ltd's equity will be significant particularly for certain public-sector procurement contracts, where it may be considered as one of the grounds for awarding a contract. INNOFACTOR PLC Board of Directors Further information: Sami Ensio CEO Tel. 050 584 2029 Distribution: NASDAQ OMX Helsinki Main media www.innofactor.com |
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