NEO INDUSTRIAL OYJ STOCK RELEASE 14 October 2014 at 10 am
ADDENDUM TO STOCK RELEASE 13 OCTOBER 2014
Neo Industrial published 13 October 2014 Stock Release to inform among other things that it has signed a sale and purchase agreement on buying all the shares of Reka Rubber Ltd. The data regarding Reka Rubber did not include Balance Sheet information. This Stock Release supplements the Balance Sheet information.
The Balance Sheet of Reka Rubber at 30 June 2014 was EUR 8.9 million. Of the total Assets EUR 3.0 million was non-current and EUR 5.9 million current assets. Shareholders' equity was 0.5 million and of the total Liabilities EUR 0.5 million was non-current and EUR 7.9 million current liabilities.
In January - June 2014 the turnover of Reka Rubber was EUR 9.8 million and operating result EUR 1.1 million (11.1 %). The personnel amounted 203 at 30 June 2014.
Hyvinkää, 14 October 2014
Neo Industrial Plc
Jari Salo
Managing Director
Further information:
Jari Salo, Managing Director, tel. +358 20 720 9196
Sari Tulander, CFO, tel. +358 20 720 9192
Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. Neo Industrial's business segments in future are Cable Industry and Rubber industry provided that the Extraordinary Shareholder´s meeting confirms the purchase of the shares of Reka Rubber Ltd.