Innofactor Oyj - Company Announcement

Innofactor redeems the EUR 3.2 million hybrid bond in cash

Innofactor Plc Stock Exchange Release February 29, 2016 at 09:30 Finnish time



On December 17, 2013, Innofactor Plc issued a EUR 3.2 million hybrid bond, i.e.
an equity bond. The proceeds of the hybrid bond were used to buy back
approximately 4.7 million Innofactor's own shares from the atBusiness Oy
sellers at the end of 2013. The purchased shares were voided. 

The hybrid bond's annual coupon rate has been 9%. The bond had no due date, but
the company had the right to redeem it in February 2016. 

Innofactor has today redeemed this EUR 3.2 million hybrid bond in its entirety.
Innofactor has no other hybrid bonds. 

Innofactor did not take a new bank loan to redeem the hybrid bond. Currently,
Innofactor has bank loans for a total of approximately EUR 11.3 million. 



Espoo, February 29, 2016

INNOFACTOR PLC
Janne Martola, CFO, Deputy CEO



Additional information:

Janne Martola, CFO, Deputy CEO
Innofactor Plc
Tel: +358 50 359 0844

Distribution:

NASDAQ OMX Helsinki
Main media
www.innofactor.com

Innofactor

Innofactor is one of the leading Nordic IT solution providers focused on
Microsoft platforms. Innofactor delivers business critical solutions and
maintenance services as a system integrator and develops its own software
products and services. The focus area in Innofactor’s own product development
is Microsoft’s cloud solutions. Innofactor's customers include over 1,000
private and public sector organizations in Finland, Sweden, Denmark and
elsewhere in Europe. The company has over 500 motivated and skilled employees
in a number of locations in Finland, Sweden and Denmark. In 2010-2014, the
annual growth of Innofactor’s net sales has been approximately 45%. Microsoft
named Innofactor Plc as the Finnish Partner of the Year in 2015. Innofactor was
also selected into the Microsoft’s international finals in two categories. The
Innofactor Plc share is listed in the technology section of the main list of
NASDAQ OMX Helsinki Oy. www.innofactor.com