Incap Corporation's directed share issue was subscribed in full
(Thomson Reuters ONE) -
Incap Corporation Stock Exchange Release
30 September 2010 at 4 p.m.
INCAP CORPORATION'S DIRECTED SHARE ISSUE WAS SUBSCRIBED IN FULL
The Board of Directors of Incap Corporation has today approved the subscriptions
of the directed share issue that was decided in the company's extraordinary
general meeting on 9 September 2010. The subscriptions for new shares exceeded
the maximum amount which was a total of 4,500,000 new shares, representing
approximately 31.7% of all shares before the directed share issue.
In connection with the directed share issue, Finnish Industry Investment Ltd.
became a new shareholder of Incap as it subscribed a total of 2,185,509 new
shares.
Of the biggest shareholders, Oy Etra Invest Ab subscribed 1,000,000 new shares
and Oy Ingman Finance Ab for 224,600 new shares while other biggest shareholders
subscribed a total of 368,568 shares. The Board members and the President and
CEO subscribed a total of 721,323 new shares.
The subscription price for each new share was 0.64 euros, and Incap will
register for new shares approximately EUR 2.9 million in the reserve of invested
unrestricted equity.
Sami Mykkänen, President and CEO of Incap Group: "The directed share issue
succeeded well and strengthened our company's capital and financing structure in
line with the target. Finnish Industry Investment Ltd. is most welcome as one of
the biggest shareholders and gives certain stability to future development of
Incap."
Antti Kummu, Investment Director at Finnish Industry Investment Ltd.: "The
internationalisation and the enhancement of the competitiveness of the Finnish
industrial manufacturing competence are of vital importance in order to maintain
manufacturing industry also in Finland. We trust that Incap's resources and
competence enable the company's profitable growth globally". Finnish Industry
Investment Ltd is a government-owned investment company whose mission is to
promote Finnish business, employment and economic growth through capital
investment. Finnish Industry Investment invests in funds and directly in growth
companies, in co-operation with private investors.
Incap aims at entering the new shares to the trade register as soon as possible.
After the registration, Incap Corporation has a total of 18,680,880 shares. The
new shares are equal to other shares of the company and entitle to dividend as
from the date of the registration of the new shares. The application for taking
the new shares into a public trading at the NASDAQ OMX Helsinki is estimated to
be made by end of October, and the company is publishing a prospectus for this
purpose.
INCAP CORPORATION
Sami Mykkänen
President and CEO
Further information:
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Eeva Vaajoensuu, CFO, Tel. +358 40 763 6570
Hannele Pöllä, Director, Communications and HR, Tel. +358 40 504 8296
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Principal media
The company's website: www.incap.fi
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose
comprehensive services cover the entire lifecycle of electromechanical products
from design and manufacture to maintenance services. Incap's customers are
leading equipment suppliers in energy-efficiency and well-being technology, for
which the company produces competitiveness as a strategic partner. Incap has
operations in Finland, Estonia and India. The Group's revenue in 2009 amounted
to around EUR 70 million, and the company currently employs approximately 800
people. Incap's shares are listed on the NASDAQ OMX Helsinki Oy. For additional
information, please contact www.incap.fi.
[HUG#1448019]
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Source: Incap Oyj via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2010 - 15:01 Uhr
Sprache: Deutsch
News-ID 43567
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contact information:
Town:
Helsinki
Kategorie:
Business News
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