CENCORP WILL NOT BRING REVERSE STOCK SPLIT TO ANNUAL GENERAL MEETING -PREPARATIONS CONTINUE

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Cencorp Corporation     Stock Exchange Release 1 April 2014 at 15.15 Finnish time

CENCORP WILL NOT BRING REVERSE STOCK SPLIT TO ANNUAL GENERAL MEETING –PREPARATIONS CONTINUE

Cencorp has previously announced that the Board of Directors has commenced preparations for convening an extraordinary general meeting to decide on reduction of the number of the shares without reducing the value of the shares (so called reverse stock split). The purpose of the reverse stock split is to boost trading and pricing of the shares of the company. It was estimated that the issue will be handled either in an extraordinary general meeting to be held during the spring 2014 or at Cencorp´s annual general meeting.

Board of Directors has now decided that it will not bring reverse stock split to the annual general meeting to be held on 25 April 2014. However, preparations of the issue continue. According to the current knowledge issue will be handled in an extraordinary general meeting to be held during year 2014.

 

In Mikkeli,  1 April 2014

 

Cencorp Corporation

BOARD OF DIRECTORS

 

For more information:
Iikka Savisalo
President and CEO
Cencorp Corporation
Tel.: +358 40 521 6082, Email: iikka.savisalo@cencorp.com

 

Distribution:
NASDAQ OMX Helsinki Ltd
Main media

 

Cencorp Corporation is a leading provider of industrial automation solutions. The equipment in the product portfolio include , automated applications of odd-form assembly and  depaneling for the electronic boards, testing equipment and advanced materials processing by laser. All Cencorp's offering improves the efficiency of the customers' production. Cencorp has clean technology, especially photovoltaic (PV) solutions as its other business segment. Cencorp now offers its automated manufacturing technology of the PV modules, manufactures and sells photovoltaic modules, based on Cencorp´s own technology as well as key components of photovoltaic modules. The product range also includes EMI shielding solutions, RFID antennas, other flexible circuits including for example conductive back sheets used in photovoltaic modules and mobile phone antennas. Cencorp's head office is located in Mikkeli, Finland. The company is part of the Finnish Savcor Group.