Cencorp - Company Announcement

CENCORP AGREED WITH DANSKE BANK PLC ON AMENDMENT OF FINANCING FACILITIES AND WITH SAVCOR GROUP OY AND SAVCOR INVEST BV ON TRANSFERRING THE LOAN MATURITY DATES - CENCORP HAS RESOLVED ON EXTENSION TO THE SUBSCRIPTION PERIOD OF ITS SHARE ISSUE

Cencorp Corporation          Stock Exchange Release 10 January 2014 at 16:05
Finnish time 

CENCORP AGREED WITH DANSKE BANK PLC ON AMENDMENT OF FINANCING FACILITIES AND
WITH SAVCOR GROUP OY AND SAVCOR INVEST BV ON TRANSFERRING THE LOAN MATURITY
DATES - CENCORP HAS RESOLVED ON EXTENSION TO THE SUBSCRIPTION PERIOD OF ITS
SHARE ISSUE AND ON EXTENSION TO THE PUBLIC TRADING OF SUBSCRIPTION RIGHTS -
CENCORP WILL SUPPLEMENT ITS PROSPECTUS PUBLISHED IN CONNECTION WITH ITS SHARE
ISSUE 



Cencorp Corporation (“Cencorp”) has had financing facility agreement amounting
totally to EUR four million with Danske Bank Plc. The agreement's due date is
31 January 2014. On 10 January 2014 Cencorp has agreed with Danske Bank on
extending the financing facility agreement until 31 March 2015, however, the
extension is subject to Finnvera extending accordingly its guarantee connected
to the facility agreement. Finnvera's current guarantee, connected to the
facility agreement, is valid until 29 June 2014. If Finnvera does not extend
its guarantee, Danske Bank's facility agreement signed on 10 January 2014 will
be valid until 27 June 2014. 



In September 2013, Savcor Group Oy and Cencorp agreed on extending the maturity
date of a loan of some EUR 1.2 million, granted to Cencorp by Savcor Group Oy
in 2009 and converted into a convertible bond on 25 May 2010, until the end of
January 2014. Cencorp has agreed with Savcor Group Oy on extending the loan
period until 31 March 2015 provided Danske Bank's facility agreement shall be
valid until 31 March 2015. Should Danske Bank's facility agreement be due
already on 27 June 2014, Savcor Group Oy's loan shall be due 27 June 2014
accordingly. 



Cencorp has a loan of EUR one million from Savcor Invest BV, a daughter company
of Savcor Group Oy. In September 2013 the loan period was extended until 31
January 2014. The companies have agreed on extending the loan period until 31
March 2015 provided Danske Bank's facility agreement shall be valid until 31
March 2015. Should Danske Bank's facility agreement be due already on 27 June
2014, Savcor Invest B.V.'s loan shall be due 27 June 2014 accordingly. 



As a consequence of the above mentioned issues Cencorp has on January 10, 2014
resolved to extend the subscription period in the share issue resolved and
published on December 9, 2013. The subscription period of the share issue has
been resolved to extend to end on January 24, 2014 at 16:30 Finnish time. The
subscription rights entitling to the subscription of new shares which have not
been used before the expiration of the subscription period, January 24, 2014 at
16:30 Finnish time, will expire with no value. 



In addition, Cencorp has resolved that the subscription rights entitling to the
new shares of Cencorp which have been issued in the share issue are traded on
the Helsinki Stock Exchange until January 17, 2014 during the standard trading
hours. 



Due to the extension of the subscription period Cencorp will disclose the final
result of the share issue as a stock exchange release when Cencorp's Board of
Directors has approved the subscriptions on or about January 29, 2014. The new
shares subscribed and paid in the share issue will be registered with the Trade
Register by Cencorp's Board of Directors, which is expected to take place on
February 4, 2014. The new shares are expected to be entered into public trading
on February 5, 2014. 



Due to the extension of the validity periods of the financial agreements with
Danske Bank Plc and loan agreements with Savcor Group Oy and Savcor Invest B.V.
which Cencopr has, Cencorp will supplement its registration document and the
summary and securities note (together the "Prospectus") dated December 9, 2013.
Cencorp will publish the supplement to the Prospectus separately after Finnish
Financial Supervisory Authority has approved the supplement. 



Cencorp has resolved that those investors who have committed to subscribe or
purchase securities before a supplement is published have a right to withdraw
their commitments within two business days since the publishing of the
supplement to the Prospectus. 





In Mikkeli, 10 January 2014



Cencorp Corporation

Board of Directors



For more information, please contact:

Iikka Savisalo, President and CEO, tel. +358 40 521 6082,
iikka.savisalo@cencorp.com 





Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com



Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's customers are manufacturers of automotive
electronics, mobile phone antennas and photovoltaic modules as well as
manufacturers operating in telecommunications and in industrial automation.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.