Panostaja Oyj - Inside information

PRELIMINARY INFORMATION ON PROPORTIONAL SHARES FROM BANKRUPTCY ESTATES AND PANOSTAJA’S CORPORATE RESTRUCTURING COSTS

Panostaja Oyj                Stock Exchange Bulletin  October 18, 2017   15:45

Panostaja has received proportional share certificates from the trustee of the Takoma Oyj and Takoma Gears Oy bankruptcy estates. According to these certificates, Panostaja will receive approximately MEUR 0.7 in proportional share from the estates. Previously during the second quarter of 2017, Panostaja wrote down all of its receivables from Takoma Gears Oy and Takoma Oyj, which means that the proportional share of roughly MEUR 0.7 will be recorded in the profit/loss of the final quarter of 2017. 

Based on the proportional certificates, proportional share will not be received for any other receivables from Takoma Gears Oy and Takoma Oyj written down by Panostaja in the 2017 financial period, or for Takoma Oyj shares. Panostaja will deduct the depreciation of the loan receivables and shares in the taxation for 2017, and it will record an estimated MEUR 3.1 deferred tax receivable affecting the profit for the final quarter of 2017 on the basis of these losses. 

In the final quarter of the financial period, the financial result of Panostaja investments Grano and CoreHW is encumbered by the costs related to the implementation of corporate acquisitions. The encumbrance is approximately MEUR 0.5 for Grano and approximately MEUR 0.2 for CoreHW. Panostaja Oyj’s (Others segment) financial result is encumbered in the final quarter by expenses related to possible future divestments in the amount of roughly MEUR 0.9.

 

Panostaja Oyj

 

Juha Sarsama

CEO

 

 

Further information:

CEO Juha Sarsama, Panostaja Oyj, +358 40 774 2099

 

 

Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. Panostaja has a majority holding in eight investment targets. Panostaja’s shares (PNA1V) are quoted on the Nasdaq Helsinki Stock Exchange. www.panostaja.fi