IXONOS PLC STOCK EXCHANGE RELEASE 20 APRIL 2009
In its meeting on 19 April 2009, Ixonos Plc's Board of Directors has decided to
pay EUR 7.8 million as the additional acquisition price in accordance with the 4
September 2007 share purchase agreement for Cidercone Life-Cycle Solutions Oy.
The amount of the additional acquisition price is based on Ixonos Plc's view of
the correct additional acquisition price. Negotiations with the seller have not
led to consensus on the amount of the additional acquisition price.
Under the share purchase agreement, if consensus on the amount of the additional
acquisition price is not reached, the party that is unsatisfied with the
decision can commence arbitration proceedings in accordance with the Arbitration
Rules of the Finnish Central Chamber of Commerce.
Ixonos has funded the payment of the additional acquisition price through
undertaking EUR 4 million in non-current liabilities as well as EUR 4 million in
current liabilities.
IXONOS PLC
BOARD OF DIRECTORS
For more information, please contact:
Ixonos Plc
Timo Leinonen, CFO, phone +358 424 2231, mobile +358 400 793 073,
timo.leinonen@ixonos.com
Distribution:
NASDAQ OMX Helsinki
Main media
PAYMENT OF THE ADDITIONAL ACQUISITION PRICE FOR CIDERCONE LIFE-CYCLE SOLUTIONS OY (IXONOS OUTSOURCING SERVICES LTD)
| Source: Digitalist Group Oyj