Option to combine and unite Incap's and Inission's business operations has expired
Stock Exchange Release 2 January 2014 at 8.30 am
OPTION TO COMBINE AND UNITE INCAP'S AND INISSION'S BUSINESS OPERATIONS HAS EXPIRED
Inission AB has not exercised its option to combine Inission AB's business operations with Incap Corporation by the end of the year 2013 as stated in the contract, and therefore the option has become void. The option was included in the comprehensive financing arrangement agreed between the companies and investors on 21 July 2013. Inission AB is the biggest shareholder of Incap Corporation holding approximately 26% of all shares and votes.
Board of Directors
Lassi Noponen, Chairman of the Board, tel. +358 40 501 5127
Fredrik Berghel, President and CEO, tel. +46 73 202 2210
Kirsti Parvi, CFO, tel. +358 50 517 4569
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 maintenance 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, India and China. The Group's revenue in 2012 amounted to EUR 64.1 million, and the company currently employs approximately 570 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.