Neo Industrial Oyj - Company Announcement

NEO INDUSTRIAL PLC: SUBSIDIARY REKA CABLES LTD CONCLUDED CO-DETERMINATION NEGOTIATIONS CONCERNING OFFICIALS

NEO INDUSTRIAL PLCSTOCK RELEASE2 November 2015 at 5.00 pmNEO INDUSTRIAL PLC:
SUBSIDIARY REKA CABLES LTD CONCLUDED CO-DETERMINATION NEGOTIATIONS CONCERNING
OFFICIALS 
Neo Industrial Plc´s subsidiary Reka Cables Ltd has concluded co-determination
negotiations concerning officials. The negotiations are part of the efficiency
improvement program and were announced on October 20, 2015. 

As a result of the negotiations six persons are given the notice of termination
and three persons are temporary laid off. The dismissals and one temporary
lay-off concern officials in Hyvinkää. Two temporary lay-offs concern officials
in Keuruu. The adjustments will be started during this week. 

The aim of the efficiency improvement program of Reka Cables Ltd is to ensure
competitiveness of the company in the long term. 

Hyvinkää, 2 November 2015

Neo Industrial Plc

Ralf Sohlström
Mananging Director

Further information:
Ralf Sohlström, Mananging Director, tel. +358 40 770 2720

www.neoindustrial.fi

Neo Industrial's strategy is to invest mainly in industrial companies with
similar synergic benefits. The aim of investments is with active ownership to
develop the purchased companies and establish additional value. Returns are
sought through both dividend flow and an increase in value. Neo Industrial's
class B shares are listed on the NASDAQ Helsinki Stock Exchange. Neo
Industrial's business segment is Cable Industry.