Vacon Board of Directors proposes a share issue without payment (split)

        Print
| Source: Vacon
Vacon Plc, Stock Exchange Release, 20 February 2014 at 9.30 a.m. (EET)

The Board of Directors of Vacon proposes to the Annual General Meeting to be
held on 27 March 2014 that the number of shares in the Company be increased by
issuing new shares to the shareholders without payment in proportion to their
holdings so that one (1) share will be given for each existing share. Based on
Vacon's current number of the shares, a total of 15,295,000 new shares will be
issued, so that after the share issue, there will be a total of 30,590,000
shares.

The share issue will be implemented in the book-entry system and does not
require measures by the shareholders. The shareholders, who are registered in
the Company's shareholder register on the record date for the share issue, 1
April 2014, are entitled to shares. New shares shall be registered approximately
on 1 April 2014 and they shall be admitted to public trading and entered into
the book-entry system approximately on 2 April 2014. Said new shares will not
entitle their holders to the dividends to be decided in the Annual General
Meeting for the fiscal year 2013.

The invitation to the Annual General Meeting will be published later by a
separate stock exchange release and on Vacon's website.

VACON PLC

The Board of Directors

For more information please contact:

  * Vesa Laisi, President and CEO, Vacon Plc, phone +358 (0)40 8371 510,
    vesa.laisi(at)vacon.com
  * Sebastian Linko, Director, Corporate Communications and Investor Relations,
    Vacon Plc, phone +358 (0)40 8371 634, sebastian.linko(at)vacon.com

Vacon in brief

Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and provide customers with efficient product
lifecycle services. Our AC drives offer optimum process control and energy
efficiency for electric motors. Vacon inverters play a key role when energy is
produced from renewable sources. Vacon has production and R&D facilities in
Europe, Asia and North America, and sales offices in 30 countries. Further,
Vacon has sales representatives and service partners in nearly 90 countries. In
2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed
globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted
on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media




[HUG#1763370]