Benefon today announced that the Board of Directors has decided to arrange a set
off issue to the company's certain creditors as follows.
The Board decided on its meeting May 21, 2007 to arrange a directed issue of
shares by virtue of authorization granted by the Annual General Meeting of April
16, 2007 for a total maximum amount of EUR 1,134,181.20 (“Offering”) to certain
below mentioned creditors.
The maximum number of new investment series shares offered for subscription is
7,974,724 and subscription price is between EUR 0.12 and EUR 0.26 per share. The
Offering is directed to the following creditors:
Creditor Liability/ Price/. Shares
EUR share
Cambell Investment Group Ltd 300,000.00 0.14 2,142,857
K4 Limited 253,681.20 0.12 2,114,010
Privanet Pankkiiriliike 30,500.00 0.14 217,857
Octagon Solutions Ltd 420,000.00 0.14 3,000,000
DataArt Technologies UK 130,000.00. 0.26 500,000
TOTAL 1,134,181.20 7,974,724
Of the share subscription price EUR 0.01 is booked to share capital and the
remainder in invested unrestricted equity fund. As a result of share issue
company's share capital may increase by a maximum of EUR 79,747.24.
Subscription period for the Offering begins on May 22, 2007 and ends on June 6,
2007. The new shares subscribed for are equivalent of their right with company's
existing investment series shares and will be applied for listing as soon as the
respective share subscriptions have been made and shares registered in trade
register. Listing of the shares subscribed for in the Offering of shares shall
take place as soon as practicable.
May 23, 2007
BENEFON OYJ
Tomi Raita
CEO
For more information, please contact:
Tomi Raita, CEO, tel. +358-2-77400
www.benefon.com
Distribution:
Helsinki Exchanges
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