ALDATA SOLUTION OYJ: BREACH OF BANKING COVENANT DUE TO CHANGE IN CONTROL
(Thomson Reuters ONE) -
Aldata Solution Oyj
STOCK EXCHANGE RELEASE
28 October 2011 at 4.45 p.m. (EET)
ALDATA SOLUTION OYJ: BREACH OF BANKING COVENANT DUE TO CHANGE IN CONTROL
Symphony Technology II-A, L.P. has gained control of Aldata Solution Oyj
(Aldata) which has resulted in a breach of a banking covenant. Furthermore, it
is probable that Aldata shares will be delisted from NASDAQ OMX Helsinki Ltd.
Due to the above Aldata's bank has decided to terminate most of its agreements
with the Company. The agreements will fall due mainly on 31 March 2012, although
part of the short-term credit facilities falls due 31 December 2011.
Aldata has not breached any financial banking covenant and will pursue
refinancing negotiations for the agreements terminated.
Helsinki, October 28, 2011
Aldata Solution Oyj
Further information:
Graham Howell, CFO, tel. +33 633 057 620
About Aldata
Aldata is a global leader in retail and distribution optimization. Our software
and service solutions help retailers, distributors and manufacturers
dramatically improve their business performance. We optimize categories, space,
supply, logistics, and consumer engagement to increase our customers' revenue
and margins, reduce time, cost and waste, and enhance on-shelf availability,
service, and retention.
Founded in 1988, Aldata has an unparalleled track record of delivering
successful projects for the world's largest retail and consumer brands, national
wholesale and distribution organizations, and regional store chains. Aldata
Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the
identifier ALD1V.
Discover more about Aldata's customers, our solutions, and the multi-skilled
global team that supports them at www.aldata.com
Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.aldata.com
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(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: Aldata Solution Oyj via Thomson Reuters ONE
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