Espoo, Finland, 2011-05-20 08:30 CEST (GLOBE NEWSWIRE) -- EFORE PLC Stock Exchange Release May 20, 2011 at 9.30 a.m.
EFORE’S TRANSFER OF COMPANY’S OWN SHARES
Basis for disposal: Based on the decision of the Annual General Meeting on February 10, 2011, Efore Plc transfers today 60 614 shares to the members of the Board of Directors as part of the payment of the annual remuneration.
Trading code: EFO1V
Number of shares: 60 614
Price/share: Gratuitous
After the transfer, the company holds a total of 861 535 own shares.
EFORE PLC
Vesa Vähämöttönen
President and CEO
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 which develops and produces demanding power products. Efore’s head office is based in Finland and its production units are located in China and in Estonia. Efore is present also in Sweden. In the fiscal year ending in October 2010, consolidated net sales totaled EUR 69,7 million and the Group’s personnel averaged 821. The company's share is quoted on the Nasdaq OMX Helsinki Ltd.
Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312