Espoo, Finland, 2013-07-12 10:15 CEST (GLOBE NEWSWIRE) --
Efore Plc Stock exchange release July 12, 2013 at 11.15 a.m.
Efore Plc has received a notification of change in holdings as follows. The holdings of Timo Syrjälä, including the companies under his authority, of the share capital and voting rights in Efore Plc have went below 5 per cent on July 12, 2013.
Basis for the flagging: The decision of Efore Board on the directed share issue to sellers of Roal Electronics S.p.A on July 10, 2013 (5,243,243 new shares).
The holdings of Timo Syrjälä, including the companies under his authority, of the share capital and voting rights in Efore Plc after the flagging:
1) Timo Syrjälä:
Number Proportion Proportion
of share capital of votes
Shares 224,329 0.47% 0.47%
2)Syrjälä & Co Oy:
Number Proportion Proportion
of share capital of votes
Shares 830,293 1.74% 1.74%
3)Maijos Oy:
Number Proportion Proportion
of share capital of votes
Shares 1,109,597 2,32% 2,32%
Totally:
Number Proportion Proportion
of share capital of votes
Shares 2,164,219 4.53% 4.53%
The Business ID of Syrjälä & Co Oy is 0909980-1 and the Business ID of Maijos Oy is 0673749-2.
The calculation basis for the flagging is the total number of Efore Plc shares and voting rights registered with the Trade Register. The number of Efore Plc shares and voting rights registered with the Trade Register totals 47,772,891.
EFORE PLC
Vesa Vähämöttönen
President and CEO
For further information please contact Mr. Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312
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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 unit is located in China. Efore is present also in Sweden. In the fiscal year ending in October 2012, consolidated net sales totaled EUR 78,1 million and the Group's personnel averaged 888. The company's share is quoted on the Nasdaq OMX Helsinki Ltd.
www.efore.com