Innofactor Plc Stock Exchange Release March 22, 2011, at 9:00 Finnish time
The new shares subscribed for on December 27, 2010, in the directed issue of Innofactor Plc – a total of 409,665,891 shares – will be admitted into public trading in Nasdaq OMX Helsinki Oy as of March 22, 2011, together with the total of 175,571,096 old shares. As of March 22, 2011, a total of 585,236,987 shares will be in public trading.
On December 27, 2010, the General Meeting directed a share issue – a total of 409,665,891 shares – with stipulation concerning subscription in kind to the former shareholders of Innofactor Software Ltd (former Innofactor Ltd). The subscription price was paid by handing over 100% of Innofactor Software Ltd shares. The share issue was subscribed for and paid in full on December 27, 2010, and the new shares were registered in the Trade Register on December 31, 2010.The arrangement was related to the merger of Westend ICT Plc and Innofactor Ltd in which Westend ICT Plc changed its name to Innofactor Plc.
INNOFACTOR PLC
Sami Ensio
CEO
Additional information:
Sami Ensio
CEO
Tel. +358 50 584 2029
sami.ensio@innofactor.com
Distribution:
NASDAQ OMX Helsinki
Main media
www.innofactor.com