Cencorp Corporation Stock Exchange Relase 27 June 2014 at 17.30 Finnish time
FINNVERA PLC’S GUARANTEE FOR THE FINANCING FACILITIES BETWEEN CENCORP AND DANSKE BANK PLC WILL BE EXTENDED
Cencorp Corporation ("Cencorp") has approved Finnvera Plc’s quotation for extending the guarantee for the financing facility agreement between Cencorp and Danske Bank Plc until 31 March 2015. As a result of the extension of Finnvera Plc’s guarantee, the financing facility agreement between Cencorp and Danske Bank Plc is effective until 31 March 2015 as previously announced.
The extension of the maturity dates of a loan of some EUR 1.2 million, granted to Cencorp by Savcor Group Oy in 2009 and converted into a convertible bond on 25 May 2010, and of a loan of EUR one million from Savcor Invest B.V , until 31 March 2015 has been subject to extending the financing facility agreement between Cencorp and Danske Bank Plc until 31 March 2015. At the share issue with subscription period ending on 24 January 2014 Savcor Group Oy subscribed Cencorp shares for the total amount of the loan. The loan period of the loan from Savcor Invest BV is extended until 31 March 2015 as previously announced as Danske Bank’s financing facility agreement will be effective until 31 March 2015.
In Mikkeli, 27 June 2014
Cencorp Corporation
Board of Directors
For more information, please contact:
Iikka Savisalo, President and CEO, tel. +358 40 521 6082, iikka.savisalo@cencorp.com
Distribution:
NASDAQ OMX, Helsinki
Main media
www.cencorp.com
Cencorp Corporation is a leading provider of industrial automation solutions. The equipment included in the product portfolio designed for depaneling, odd-form assembly, testing and laser materials processing substantially improves the efficiency of customers' production. 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 customers are manufacturers of automotive electronics, mobile phone antennas and photovoltaic modules as well as manufacturers operating in telecommunications and in industrial automation. Cencorp's head office is located in Mikkeli, Finland. The company is part of the Finnish Savcor Group.