The Financial Supervisory Authority has issued to Incap a public reprimand under section 40 of the Act on the Financial Supervisory Authority
(Thomson Reuters ONE) -
Incap Corporation Stock Exchange Release
5 May 2011 at 1 p.m.
THE FINANCIAL SUPERVISORY AUTHORITY HAS ISSUED TO INCAP A PUBLIC REPRIMAND UNDER
SECTION 40 OF THE ACT ON THE FINANCIAL SUPERVISORY AUTHORITY
The Financial Supervisory Authority has issued a public reprimand under Section
40 of the Act on the Financial Supervisory Authority (878/2008) to Incap
Corporation due to the fact that the company has
1. failed to comply with Annex III Item 3.1 of the Commission Prospectus
Regulation (EC) No 809/2004 through not providing a statement in its
prospectus stipulated in Chapter 2 Section 3 of the Securities Market Act
(495/1989) and published on 29 June 2011 that the company's working capital
is not sufficient for its requirements at the time and through not
providing a description on how it intends to provide the additional working
capital needed,
and
2. through not providing such statement as mentioned in section 1), at the same
time failed to comply with Chapter 2 Section 3a Subsection 1 of the
Securities Market Act as the prospectus has not contained material and
sufficient information regarding the company's financial position whereby
the investors were neither provided with such sufficient information as
stipulated in the mentioned section in order to be able to make a founded
assessment on the securities and their issuer.
The Board of the Financial Supervisory Authority has decided to issue a public
reprimand in its meeting on 28 April 2011.
Incap Corporation has provided the Financial Supervisory Authority with
requested answers. Incap has a different view on the foundations of the
decision. However, Incap will not make use of its right of appeal but abides by
the decision given by the Financial Supervisory Authority.
INCAP CORPORATION
Sami Mykkänen
President and CEO
For additional information, please contact:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Eeva Vaajoensuu, Chief Financial Officer, tel. +358 40 763 6570
Hannele Pöllä, Director, Communications and HR, tel. +358 40 504 8296
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical products
from design and manufacture to maintenance services. Incap's customers include
leading equipment suppliers in energy efficiency and well-being technologies,
for which the company produces competitiveness as a strategic partner. Incap has
operations in Finland, Estonia and India. The Group's revenue in 2010 amounted
to EUR 59.2 million and the company currently employs approximately 730 people.
Incap's share is listed on the NASDAQ OMX Helsinki. Additional information:
www.incap.fi.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Incap Oyj via Thomson Reuters ONE
[HUG#1512751]
Unternehmensinformation / Kurzprofil:
Datum: 05.05.2011 - 12:19 Uhr
Sprache: Deutsch
News-ID 54301
Anzahl Zeichen: 3782
contact information:
Town:
Helsinki
Kategorie:
Business News
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