CENCORP WILL NOT CONVENE AN EXTRAORDINARY GENERAL MEETING TO HANDLE REVERSE STOCK SPLIT IN 2014 - PREPARATION OF THE ISSUE CONTINUES


Cencorp Corporation                                             Stock Exchange Release 21 November 2014 at 9.30 Finnish time

    

CENCORP WILL NOT CONVENE AN EXTRAORDINARY GENERAL MEETING TO HANDLE REVERSE STOCK SPLIT IN 2014 - PREPARATION OF THE ISSUE CONTINUES

 

Cencorp has previously announced that the Board of Directors of the company has commenced preparations for convening a 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 addressed in an extraordinary general meeting to be held during 2014.

 

The Board of Directors has decided that it will not convene an extraordinary general meeting to address the issue in 2014. However, preparation of the issue continues. According to the current knowledge the reverse stock split issue will be addressed in a general meeting during 2015.

 

 

In Mikkeli, 21 September 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 specializes in the clean energy, especially in photovoltaic solutions. Cencorp provides automated production technology for solar modules based on the company’s own technology; production lines for modules; solar modules and special components for solar modules. The product range also includes EMI shielding solutions, RFID antennas and other flexible circuits including for example conductive back sheets used in photovoltaic modules and mobile phone antennas. Cencorp also owns 30 percent of Cencorp Automation Oy, a company providing electronics automation solutions.  Cencorp's head office is located in Mikkeli, Finland. The company is part of the Finnish Savcor Group.