NEO INDUSTRIAL OYJ STOCK RELEASE 31 October 2014 at 3 pm
13 OCTOBER 2014 PUBLISHED SALE AND PURCHASE AGREEMENT, SHARE ISSUE AND FINANCE REARRANGEMENTS DO NOT ACTUALISE AS PLANNED, THE BOARD OF DIRECTORS CALLS OFF THE EXTRAORDINARY SHAREHOLDERS’ MEETING 3 NOVEMBER 2014
Neo Industrial published 13 October 2014 Stock Release to inform that it had signed a sale and purchase agreement on buying all the shares of Reka Rubber Ltd. The sale and purchase agreement is related to financing arrangements of Neo Industrial and share issue to raise new capital. The whole arrangement is conditional to the acceptance of the Extraordinary Shareholders´ meeting to be held on 3 November 2014.
It has appeared that the financing arrangements, which are part of the total arrangement, will not actualize as a whole as Neo Industrial predicted. Therefore the whole arrangement published 13 October 2014 is delayed or can be totally or partly unaccomplished.
Due to above mentioned The Board of Directors of Neo Industrial Plc calls off the Extraordinary Shareholders’ meeting 3 November 2014.
Negotiations of rearranging the financing of Neo Industrial Plc continues.
Neo Industrial Plc
The Board of Directors
Further information:
Jari Salo, Managing Director, tel. +358 20 720 9196
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 segment is Cable Industry.