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2010-10-01 14:45:00 CEST 2010-10-01 14:45:01 CEST REGULATED INFORMATION Efore - Company AnnouncementEFORE PLC APPROVED SHARE SUBSCRIPTION OF THE DIRECTED SHARE ISSUE RELATED TO THE MANAGEMENT SHAREHOLDING PLANEFORE PLC Stock Exchange Release 1 October, 2010 at 3.45 pm The Board of Directors of Efore Plc has on 25 August 2010 decided on a share issue against payment directed to Efore Management Oy, a company owned by the members of the Efore Group Executive Management Team. The decision on a share issue is based on the authorization granted by the Annual General Meeting of Shareholders on 9 February 2010. A total of 2,000,000 new shares in the Company were offered for subscription in the share issue. The share subscription period was 13 September—8 October 2010, and the subscription price was EUR 0.70/share. The Board of Directors of the Company has today decided to approve the subscription of 2,000,000 new shares. The subscription price of the new shares, EUR 1,400,000, will be credited to the reserve for invested unrestricted equity of the Company. Right to dividend and other shareholder rights will commence after the new shares have been entered into the Trade Register, around week 43/2010. The shares will be registered on the book-entry account of the subscriber and will be applied for public trading on NASDAQ OMX Helsinki Ltd after the shares have been entered into the Trade Register, around week 43/2010. After the Trade Register entry of the new shares, the number of the Efore Plc shares will be 42,529,648 shares. EFORE PLC Board of Directors For further information please contact Mr.Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312 DISTRIBUTION Nasdaq OMX Helsinki Oy Principal media Efore Group Efore Group is an international company providing services for ICT and industrial electronics. Its operations comprise energy saving custom-designed power supplies, power systems, manufacturing of demanding electronics, and related service and maintenance. Efore's head office is in Espoo, Finland. Besides Finland, the company's product development and marketing units are located in China, the USA and Sweden. Its production units are located in China and Estonia. In the fiscal year ending in October 2009, consolidated net sales totaled EUR 64.1 million and the Group's personnel averaged 565. The company's share is quoted on the Nasdaq OMX Helsinki Ltd. www.efore.com |
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