PANOSTAJA OYJ CONFIRMS THE FINAL ADDITIONAL PURCHASE PRICE OF FLEXIM SECURITY


Panostaja Oyj              Stock Exchange Bulletin June 16, 2016 10:15 a.m.                                        

The parties have today confirmed the additional purchase price of the sale of Flexim Security Oy. The final additional purchase price after expenses is approximately MEUR 4.7, of which Panostaja's share before taxes is approximately MEUR 3.3. Panostaja's previous estimate of the fair value of the additional purchase price receivable as reported on June 2, 2016 was MEUR 4.0, of which Panostaja's share before taxes was MEUR 2.8.

Panostaja Oyj
Juha Sarsama

CEO

 

Further information: Juha Sarsama +358 40 774 2099

 

Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. Panostaja operates in eight business segments, and Panostaja Group employs some 1,200 staff. Panostaja’s shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock Exchange. In the 2015 financial period, the Group’s official net sales totaled MEUR 148.2.

www.panostaja.fi