SCANFIL PLC STOCK EXCHANGE RELEASE 3 DECEMBER 2010 1.00 P.M.
SCANFIL EMS OY SIGNED EUR 40 MILLION LOAN AGREEMENT
Scanfil plc's 100% owned subsidiary Scanfil EMS Oy has today on 3 December 2010
signed a loan agreement amounting to EUR 40 million (Loan). The Loan is being
granted by Nordea Pankki Suomi Oyj and the Loan maturity is five years. The Loan
is used to repay the loans of Scanfil EMS Group to it's parent company Scanfil
plc, which are related to the returning of equity made in the autumn 2009 and a
loan granted by Scanfil plc to Scanfil EMS Oy's subsidiary Scanfil Oü operating
in Estonia. Scanfil plc will use the capital in investment activities.
SCANFIL PLC
Harri Takanen
President
Additional information:
President Harri Takanen
Tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Major Media
www.scanfil.com
Scanfil Group comprises the investment and parent company Scanfil plc, and a
subgroup called Scanfil EMS Oy, which is engaged in contract manufacturing for
international telecommunications technology and professional electronics
manufacturers. The objective of the investment activities is to make the
management of the company's funds more effective and productive by diversifying
the risks and finding new growth potential.
Scanfil has over 30 years of experience in demanding contract manufacturing.
Scanfil is a systems supplier that offers its products and services to
international telecommunications systems manufacturers and professional
electronics customers. Typical products are equipment systems for mobile and
public switched telephone networks, automation systems, frequency converters,
lift control systems, equipment and systems for electricity production and
transmission, analysers, slot machines and different meteorological instruments.
The company has production facilities in China, Estonia, Hungary and Finland.
The associated companies of Scanfil Group:
Kitron ASA (KIT) (Scanfil plc's share of ownership 32,96%) is a listed Norwegian
subcontractor, which operates in five different customer segments: the marine
and oil industry, basic industry, defence equipment industry, hospital and
healthcare equipment industry and data and telecommunications industry. In
addition to Norway, Kitron ASA has plants and production in Sweden, Lithuania,
Germany, China and, as of the beginning of 2011, also in the United States.
Kitron ASA's turnover in 2009 was NOK 1,730.7 million (about EUR 218.5 million).
www.kitron.com
Greenpoint Oy (Scanfil EMS Oy's share of ownership 40%) focuses on development
and supply of solutions and equipment, which improve placements, visibility and
sales of customer products in the Point-Of-Sale. The Greenpoint product
portfolio includes a large variety of refrigerated merchandisers, displays and
integrated check-out zone concepts. The company serves both brand owners and
retail chains internationally. Along with the European markets Greenpoint Oy
has entered North and Latin American markets through partnerships.
www.greenpoint.fi
IonPhasE Oy (Scanfil plc's share of ownership 40%) develops and manufactures
high performance dissipative polymers that help to control static electricity.
IonPhasE products are utilized in wide range of industries like chemical,
automotive, telecommunication and consumer electronics. Based on own patented
technology, IonPhasE manufactures polymers called IonPhasE IPE. www.ionphase.fi
Panphonics (Scanfil plc's share of ownership 40%) is the world's leading
provider of directional audio solutions. Panphonics manufactures directional
audio solutions for acoustically demanding applications based on it's own
patented technology. Panphonics Sound Shower® directional audio speakers can be
found in banks, retail stores, digital signage projects, information kiosks,
theatres, and offices throughout the world. Panphonics is also component
manufacturer and licensor of plane wave technology for industrial audio
manufacturers and audio solution providers. www.panphonics.com