Vaahto Group Plc Oyj - Corporate Action

VAAHTO GROUP PLC OYJ CONTEMPLATES A DIRECTED SHARE ISSUE TO A GROUP OF SELECTED INVESTORS

Lahti, Finland, 2012-04-18 15:21 CEST (GLOBE NEWSWIRE) -- VAAHTO GROUP PLC OYJ 
            STOCK EXCHANGE BULLETIN 18.4.2012 at 16.15 



VAAHTO GROUP PLC OYJ CONTEMPLATES A DIRECTED SHARE ISSUE TO A GROUP OF SELECTED
INVESTORS 

The board of directors of Vaahto Group Plc Oyj (”Company”) has passed a
resolution contemplating a directed share issue to a group of selected
investors (“Share Issue”). The intention is to offer a maximum of 600,000 new
shares for subscription corresponding to approximately 16.7 per cent of all the
shares in the Company and of all the votes that may be cast at the Company's
general meeting subsequent to the Share Issue provided that the aforementioned
maximum number of new shares is issued and subscribed for pursuant to the Share
Issue. The implementation of the Share Issue would be pursuant to the
authorisation granted to the Company's board of directors at the Company's
annual general meeting on December 12, 2011. No shares would be offered or sold
publicly in connection with the Share Issue. 

The purpose of the Share Issue would be to enhance the Company's capital
structure and to improve the Company's operational and financial flexibility.
The funds raised from the Share Issue would be used to strengthen the Company's
working capital. This would allow the subsequent use of the funds for
investment and general business purposes. 

The final number and subscription price for the shares to be offered are to be
determined pursuant to negotiations with the investors. It is estimated that
the board of directors will decide on the implementation of the Share Issue,
the number of shares to be offered and the terms on which the shares are to be
offered on April 19, 2012. 

The Company will arrange the Share Issue itself. Advium Corporate Finance Ltd
will act as the financial advisor and Hammarström Puhakka Partners, Attorneys
Limited as the legal advisor to the Company. 



Lahti, April 18, 2012



VAAHTO GROUP PLC OYJ



Board of Directors



DISTRIBUTION:

NASDAQ OMX Helsinki Ltd

Major media

www.vaahto.fi



This announcement does not constitute a direct or indirect offer or
solicitation to subscribe for or purchase shares through a directed share issue
or otherwise. 



This announcement is not for release, publication or distribution, directly or
indirectly, in whole or in part, in the United States, Canada, Australia, Hong
Kong, Japan or any other jurisdiction where local laws or regulations may
prescribe restrictions on such release or distribution. 


         Information:
         Ari Viinikkala
         acting CEO, Vaahto Group Plc Oyj
         tel. +358 400 127664