PKC Group Oyj Company Announcement 20 September 2011 1.00 p.m.
PKC GROUP RESOLVED ON A DIRECTED SHARE ISSUE RELATED TO THE AEES ACQUISITION
PKC Group Oyj’s Board of Directors has, on the basis of the authorisation granted by the shareholders’ meeting on 30 March 2011, resolved on a directed share issue without payment of 1,250,000 new shares to company’s wholly owned subsidiary PKC Group USA Inc.
Share issue is based on the agreement between PKC Wiring Systems Oy and PKC Group USA Inc. (as buyers) and PKC Group Oyj (as guarantor) and the owners of the AEES-companies (as sellers) signed on 9 August 2011, according to which part of the purchase price payable for the shares in the AEES-companies shall be paid with PKC Group Oyj’s shares. Thus, an especially weighty financial reason for the company and the interests of all of its shareholders exists for the derogation of the shareholders’ pre-emptive right and for the share issue without payment.
The number of shares to be subscribed for in the share issues corresponds to 6.28% of the company’s shares and votes before the subscription and 5.9% of the company’s shares and votes after the subscription i.e. under one tenth of all the company’s shares. Company or its subsidiaries do not hold any other own shares (treasury shares).
The shares were subscribed for in the meeting and the Board of Directors accepted the subscription.
The shares will entitle to the same shareholder rights in the company as the old shares as of the date of registration of the shares in the Trade Register approximately on 23 September 2011. After the increase, the number of shares in the company shall be 21,155,856 shares. The shares will be incorporated into the Finnish book-entry securities system. The new shares will be listed on the main list of the NASDAQ OMX Helsinki Ltd together with the old shares within 180 days after the closing date of the above mentioned agreement.
PKC Group Oyj
Harri Suutari
President & CEO
For additional information, contact
Harri Suutari, President & CEO, PKC Group Oyj, +358 400 384 937
Distribution
NASDAQ OMX
Main media
www.pkcgroup.com
The PKC Group offers design and contract manufacturing services for wiring harnesses, cabling and electronics. The Group has production facilities in, Brazil, China, Estonia, Finland, Germany, Mexico, Poland, Russia and Ukraine. The Group's net sales in 2010 totalled EUR 316.1 million. PKC Group Oyj is listed on NASDAQ OMX Helsinki Ltd.