Statement of Incap Corporation's Board concerning the change in holdings in Incap
(Thomson Reuters ONE) -
Incap Corporation
Stock Exchange Release 12 December 2014 at 5.30 pm (EET)
STATEMENT OF INCAP CORPORATION'S BOARD CONCERNING THE CHANGE IN HOLDINGS IN
INCAP
Incap Corporation has today been informed that Inission AB will make a public
tender offer for the shares of Incap after their ownership in Incap has
increased to 33,022,948 shares corresponding approximately 30.27% of all the
shares and votes in the company. Incap has further been informed that Varma
Mutual Pension Insurance Company has given to Inission AB an advance undertaking
to accept the tender offer as to the 7,684,615 shares in its ownership.
The Board of Incap Corporation will consider the public tender offer of Inission
and give in line with the Finnish Securities Markets Act a statement concerning
the final offer after the publication of the offer documents at the latest.
Because the major shareholders of Inission, the maker of the offer, are members
of the Board of Incap Corporation, the issue will be discussed among the
independent members of the Board.
When evaluating the offer the Board of Directors of Incap will, together with
its advisors, pay special attention to the low price level of the tender offer
in relation to the future outlook published by Incap and to the share price of
Incap during the period preceding the date of becoming obligated to make a
public tender offer, as well as to the lack of control premium.
INCAP CORPORATION
Board of Directors
Further information:
Lassi Noponen, Chairman of the Board, tel. +358 40 501 5127
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose comprehensive
services cover the entire life-cycle of electromechanical products from design
and sourcing to actual manufacture and further to maintenance services. Incap's
customers are leading suppliers of high-technology equipment in their own
business segments, and Incap increases their competitiveness as a strategic
partner. Incap has operations in Finland, Estonia, India and China. The Group's
revenue in 2013 amounted to approximately EUR 36.8 million, and the company
currently employs approximately 500 people. Incap's share has been listed on the
NASDAQ OMX Helsinki Ltd since 1997. Additional information: www.incap.fi.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1879636]
Unternehmensinformation / Kurzprofil:
Datum: 12.12.2014 - 16:30 Uhr
Sprache: Deutsch
News-ID 359174
Anzahl Zeichen: 3154
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Statement of Incap Corporation's Board concerning the change in holdings in Incap"
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