EFORE PLC Stock Exchange Release 1 October, 2010 at 3.45 pm
The Board of Directors of Efore Plc has on 25 August 2010 decided on a share
issue against payment directed to Efore Management Oy, a company owned by the
members of the Efore Group Executive Management Team. The decision on a share
issue is based on the authorization granted by the Annual General Meeting of
Shareholders on 9 February 2010. A total of 2,000,000 new shares in the Company
were offered for subscription in the share issue. The share subscription period
was 13 September—8 October 2010, and the subscription price was EUR 0.70/share.
The Board of Directors of the Company has today decided to approve the
subscription of 2,000,000 new shares. The subscription price of the new shares,
EUR 1,400,000, will be credited to the reserve for invested unrestricted equity
of the Company. Right to dividend and other shareholder rights will commence
after the new shares have been entered into the Trade Register, around week
43/2010. The shares will be registered on the book-entry account of the
subscriber and will be applied for public trading on NASDAQ OMX Helsinki Ltd
after the shares have been entered into the Trade Register, around week 43/2010.
After the Trade Register entry of the new shares, the number of the Efore Plc
shares will be 42,529,648 shares.
EFORE PLC
Board of Directors
For further information please contact Mr.Vesa Vähämöttönen, President and CEO,
tel. +358 9 4784 6312
DISTRIBUTION Nasdaq OMX Helsinki Oy
Principal media
Efore Group
Efore Group is an international company providing services for ICT and
industrial electronics. Its operations comprise energy saving custom-designed
power supplies, power systems, manufacturing of demanding electronics, and
related service and maintenance.
Efore's head office is in Espoo, Finland. Besides Finland, the company's product
development and marketing units are located in China, the USA and Sweden. Its
production units are located in China and Estonia. In the fiscal year ending in
October 2009, consolidated net sales totaled EUR 64.1 million and the Group's
personnel averaged 565. The company's share is quoted on the Nasdaq OMX Helsinki
Ltd.
www.efore.com
EFORE PLC APPROVED SHARE SUBSCRIPTION OF THE DIRECTED SHARE ISSUE RELATED TO THE MANAGEMENT SHAREHOLDING PLAN
| Source: Enedo Oyj