|
|||
2013-09-26 14:05:00 CEST 2013-09-26 14:05:06 CEST REGULATED INFORMATION Efore - Company AnnouncementEFORE’S BOARD OF DIRECTORS DECIDED ON A SHARE ISSUE TO STRENGTHEN THE COMPANY’S FINANCIAL POSITIONEspoo, Finland, 2013-09-26 14:05 CEST (GLOBE NEWSWIRE) -- Efore Plc Stock Exchange Release September 26, 2013 3.05 p.m. EFORE'S BOARD OF DIRECTORS DECIDED ON A SHARE ISSUE TO STRENGTHEN THE COMPANY'S FINANCIAL POSITION Not for publication or distribution in or into Australia, Canada, Hong Kong, Japan, South Africa, the United States or any other jurisdiction in which the publication or distribution would be unlawful. Efore Plc's (“Company” or “Efore”) Board of Directors has, on 26 September 2013, decided to execute a share issue directed for subscription by the public in Finland (“Share Issue”). The purpose of the Share Issue is to strengthen the Company's financial position. The decision on the Share Issue is based on the authorisation granted by the Company's Extraordinary General Meeting held on 26 August 2013. The Company has engaged Alexander Corporate Finance Oy as financial advisor for the strengthening of its financial position. The subscription period of the Share Issue shall begin on 1 October 2013. The Company shall announce the combined total of subscriptions made during the Share Issue around 9 October 2013 after the subscription period has ended. A maximum of 8,000,000 new shares in the Company (“New Shares”) shall be offered for subscription by the public in Finland, in deviation from the shareholders' pre-emption rights, at the subscription price of EUR 0.69 per share. The subscription period of the New Shares shall begin on 1 October 2013 at 9.00 a.m. and end at the latest on 8 October 2013 at 4.00 p.m. The minimum subscription shall be 3,000 New Shares. The terms and conditions for the Share Issue are appended to this stock exchange release. The purpose of the Share Issue is to strengthen the Company's financial position, and therefore there is a weighty financial reason from the Company's perspective for derogating from the shareholders' pre-emptive subscription rights. If all the New Shares are fully subscribed in the Share Issue, the New Shares will, following the Share Issue, represent approximately 16.7 per cent of all of the Company's shares and related voting rights. The Company has submitted a prospectus related to the Share Issue in Finnish to the Finnish Financial Supervisory Authority for approval. The Company expects to obtain the Finnish Financial Supervisory Authority's approval on 26 September 2013. The prospectus is expected to be available in Finnish on the Company's website (www.efore.com/shareissue2013) and on the website of the subscription place (www.acf.fi) as well as at the Company and at the subscription place of the Share Issue, Alexander Corporate Finance Oy, at the latest on 27 September 2013 at 12.00 p.m. EFORE PLC Board of Directors For further information, please contact Mr Vesa Vähämöttönen, CEO, tel. +358 9 4784 6312. APPENDICES: Efore Plc Share Issue Terms and Conditions 2013 DISTRIBUTION NASDAQ OMX Helsinki Oy Principal media Efore Group The Efore Group is an international company that develops and produces demanding power products. Efore's head office is based in Finland, and its production units are located in China and Tunisia. Sales and marketing operations are located in Europe, the United States and China. In the fiscal year ending in October 2012, consolidated net sales totalled EUR 78.1 million, and the Group's personnel averaged 888. The company's shares are quoted on Nasdaq OMX Helsinki Oy. www.efore.fi |
|||
|