Incap Corporation's directed share issue was subscribed in full
Stock Exchange Release 4 May 2010 at 8.30 a.m.
INCAP CORPORATION'S DIRECTED SHARE ISSUE WAS SUBSCRIBED IN FULL
The Board of Incap Corporation has approved the subscriptions of directed share issue. All of the new shares were subscribed. The Board members, CEO and the management team members subscribed 9.4% of new shares and of the biggest shareholders, seven subscribed a total of 1,812,200 new shares. There are 2,000,000 new shares in total and the number of new shares represents approximately 16.4% of the company's all shares prior to the share issue.
The Annual General Meeting held on 13 April 2010 decided that a maximum of 2,000,000 new shares are offered to the company's Board of Directors, CEO and to the members of the management team as well as to those of existing shareholders who hold in the shareholder register at least 100,000 shares on 13 April 2010 when the subscription period started. The subscription price for each share was EUR 0.64.
The company aims at entering the share capital increase to the trade register as soon as possible. The application for taking the new shares into a public trading at the Helsinki Exchanges is estimated to be made mid June, and the company is publishing a prospectus for this purpose.
President and CEO
Sami Mykkänen, President and CEO, Tel. +358 40 559 9047
Eeva Vaajoensuu, CFO, Tel. +358 40 763 6570
Hannele Pöllä, Director, Communications and HR, Tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to after-sales services. Incap's customers include leading equipment suppliers in energy efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia and India. The Group's revenue in 2009 amounted to EUR 70 million and the company currently employs approximately 780 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.