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2010-05-17 16:30:00 CEST 2010-05-17 16:30:02 CEST REGULATED INFORMATION Ixonos - Company AnnouncementIxonos plans rights issue to raise approx. EUR 6 millionIxonos Plc Stock Exchange Release 17 May 2010 at 17:30 IXONOS PLANS RIGHTS ISSUE TO RAISE APPROX. EUR 6 MILLION On 10 May 2010, Ixonos' Board of Directors convened an Extraordinary General Meeting to be held on 1 June 2010, and proposed that the Meeting will authorise the Board to decide on a share issue against payment as well as on issuing stock options and other special rights entitling to shares pursuant. Ixonos Plc is preparing a share issue directed at the company's present shareholders and intended to raise approximately EUR 6 million. The company intends to use the proceeds from the share issue to strengthen the balance sheet as well as to expedite growth, particularly by reinforcing the international service network. The planned share issue is fully underwritten by a group of shareholders as well as Mutual Insurance Company Pension Fennia. The share issue is intended to be carried out as a rights issue by the end of June 2010, taking into consideration the market conditions. Turret Oy Ab, which is Ixonos Plc's largest shareholder, and Ilari Koskelo and the companies under his control have underwritten in full the new shares that their holdings entitle them to subscribe for. Turret Oy Ab holds approximately 16.1 per cent of Ixonos Plc's shares. Ilari Koskelo and the companies under his control hold approximately 2.1 per cent of Ixonos Plc's shares. The common funds Mutual Fund Alfred Berg Small Cap Finland, which represents approximately4.1 per cent of the shares, and Nordea Investment Funds, which represents approximately 4.1 per cent of the shares, have expressed their intention to subscribe for their pro rata entitlement of the offer share. In addition, Turret Oy Ab, Ilari Koskelo as well as Mutual Insurance Company Pension Fennia have underwritten shares that are not subscribed for in the issue. The maximum amount of this underwriting is EUR 2 million for Turret Oy Ab, EUR 1 million for Ilari Koskelo, and EUR 2 million for Mutual Insurance Company Pension Fennia. However, under no circumstances will the share issue cause Turret Oy Ab's holding to exceed 30 per cent of all Ixonos Plc shares. The amount of shares that are offered in the share issue and their issue price, as well as other exact provisions of the share issue, will be determined later, taking into consideration the market conditions when the Board of Directors makes the final decision about the share issue based on the authorisation of the Extraordinary General Meeting. The residual authorisation may be used to finance corporate acquisitions or other investments related to the company's operations; to increase the commitment of employees; and to maintain and improve the Group's solvency in a manner to be decided later. The lead manager of the planned share issue is Pohjola Corporate Finance Ltd. IXONOS PLC Kari Happonen President and CEO For more information, please contact: Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761, kari.happonen@ixonos.com Distribution: NASDAQ OMX Helsinki Main media |
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