CLAUSAL COMPUTING OY’S PUBLIC TENDER OFFER FOR ALL SHARES AND OPTION-RIGHTS IN TECTIA CORPORATION

Helsinki, Finland, 2012-03-08 09:05 CET (GLOBE NEWSWIRE) -- Not for release, publication or distribution in Australia, Canada, Japan, South Africa and the United States.

CLAUSAL COMPUTING OY’S PUBLIC TENDER OFFER FOR ALL SHARES AND OPTION-RIGHTS IN TECTIA CORPORATION

Tectia Corporation has today received information according to which Clausal Computing Oy has decided to offer, by a public tender offer, to purchase issued shares and option rights in Tectia Corporation (“Tender Offer”).

Clausal Computing Oy is a company fully owned by Tatu Ylönen, the CEO and member of the Board of Directors of Tectia Corporation.

Clausal Computing Oy has informed that it will offer a cash consideration of EUR 0.50 for each share in Tectia Corporation, EUR 0.47 for each option in series I/1999 and EUR 0.01 for each option in series I/2000, II/2000, II/2002 and III/2002.

The principal  terms of the Tender Offer published by Clausal Computing Oy are enclosed to this stock exchange release.

According to the terms of the Tender Offer the tender offer document will be published approximately on 16 March 2012.

The non-conflicted members of the Board of Directors of Tectia Corporation will give a statement regarding the Tender Offer in accordance with the Finnish Securities Market Act after the tender offer document has been released.

Helsinki, 8 March 2012

TECTIA CORPORATION

Further info:
Juho Lipsanen, Chairman. tel. +358 20 500 7000
Mikko Karvinen, CFO & Deputy Managing Director. Tel. +358 50 326 4101

ENCLOSURE:
Clausal Computing Oy’s stock exchange release 8 March 2012