SIEVI CAPITAL PLC STOCK EXCHANGE RELEASE 11 MAY 2012 AT 2.30 P.M
SIEVI CAPITAL CAPITAL PLC SOLD SIEVI PROPERTY TO SCANFIL EMS LTD
Sievi Capital Plc has sold a total of 26 000 square meters of production and office space and the 19.3 hectare plot in Sievi to Scanfil plc's subsidiary Scanfil EMS Ltd. Scanfil EMS Ltd has previously been the tenant in the facilities under a lease. The purchase price is EUR 4.2 million. Sievi Capital plc will record a taxable income of EUR 0.9 million in its second quarter result.
The property transaction will not have effects on the prospects for full year 2012 issued by Sievi Capital Plc.
SIEVI CAPITAL PLC
Jorma J. Takanen
President & CEO
Additional information:
President & CEO Jorma J. Takanen
puh. +358 8 4882 502
DISTRIBUTION NASDAQ OMX, Helsinki
Major media
www.sievicapital.com
Sievi Capital Group is an investment company whose task is to manage the company’s assets efficiently and profitably by distributing risks and looking for new growth opportunities through these measures.
Sievi Capital Group’s associated companies:
Kitron ASA (KIT) (Sievi Capital plc’s share of ownership 32,96%) is a listed Norwegian subcontractor, which operates in five different customer segments: the marine and oil industry, basic industry, defence equipment industry, hospital and healthcare equipment industry and data and telecommunications industry. In addition to Norway, Kitron ASA has plants and production in Sweden, Lithuania, Germany, China and the United States. Kitron ASA's turnover in 2011 was NOK 1,656.1 million (about EUR 213.6 million). www.kitron.com
iLOQ Ltd (Sievi Capital plc's share of ownership 23%) develops, manufactures and markets innovative, high security, electronic and battery-free locking solutions that combine modern mechatronics with communications and software technology. The functionality of the iLOQ S10 product concept developed by iLOQ Ltd and the added customer value it generates has been shown to be good by achieving significant growth and customer accounts in the Finnish lock market. The company has built a Finnish distributor network that covers growth centres and major cities. www.iloq.fi
IonPhasE Ltd (Sievi Capital plc’s share of ownership 35.75%) develops and manufactures high performance dissipative polymers that help to control static electricity. IonPhasE products are utilized in wide range of industries like chemical, automotive, telecommunication and consumer electronics. Based on own-patented technology, IonPhasE manufactures polymers called IonPhasE IPE. www.ionphase.fi
Panphonics Ltd (Sievi Capital plc’s share of ownership 40%) is the world’s leading provider of directional audio solutions. Panphonics manufactures directional audio solutions for acoustically demanding applications based on its own patented technology. Panphonics Sound Shower directional audio speakers can be found in banks, retail stores, digital signage projects, information kiosks, theatres, and offices throughout the world. Panphonics is also component manufacturer and licensor of plane wave technology for industrial audio manufacturers and audio solution providers. www.panphonics.com
In addition Sievi Capital plc’s share of ownership in Lännen Tehtaat plc is 8,6 %. Lännen Tehtaat Oyj is a food production company whose shares are quoted on NASDAQ OMX Helsinki Oy. The business operations of the group consist of the Frozen Food business, the Seafood business and the Grains and Oilseeds business. Lännen Tehtaat operates in the northern Baltic Sea region. www.lannen.fi