Stock Exchange Release 8 Oct 2014 at 3 p.m. (EET)
INCAP CORPORATION HAS PUBLISHED AN EXTRAORDINARY FINANCIAL STATEMENTS FROM PERIOD 1 JAN -30 JUN 2014
Based on the reporting finalized during the first half of the year 2014 it was indicated that the equity of the parent company (Incap Oyj) reached the limit value of less than 50% of the share capital value (45.7%). This was a natural consequence of a decrease in revenue during the past years combined to the reorganization of the group assets. The Board of Directors and Management trust that the already started measures to improve the business are taking us to targeted financial health and reaching this limit value doesn't itself give reason for, nor require any additional actions. Therefore, this extraordinary financial statement and following extraordinary general meeting are conducted solely for the purpose of meeting the regulatory conditions of the Limited Liability Companies Act 20:23,3 §. According to the Limited Liability Companies Act 20:23,3 § the extraordinary general meeting will be held when the equity goes below 50% of the share capital value.
This report will follow the information provided in latest interim report for H1/2014 published on 31 Jul 2014, complemented with applicable events after the end of the period. Incap will follow the agreed financial calendar and will give the Interim Management Statement on 13th November 2014 (from the period 1 Jan 2014 – 13 Nov 2014). The extraordinary General meeting will be held on 29th October 2014 at 1 pm.
Incap Corporation's extraordinary financial statements for the period 1 Jan – 30 Jun 2014 have been published in Finnish and in English. The report is available in PDF form on the company's website at www.incap.fi/Media/interim_report. The financial statements have been published only in electronic format, but prints of it can be ordered using e-mail email@example.com.
The financial statements include the report of the Board of Directors, consolidated financial statement and the parent company financial statement.
President and CEO
Ville Vuori, President & CEO, tel. +358 400 369 438
Kirsti Parvi, CFO, tel. +358 50 517 4569
NASDAQ OMX Helsinki Ltd
Financial statements including the report of the Board of Directors
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and sourcing to actual manufacture and further to maintenance services. Incap's customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2013 amounted to approximately EUR 36.8 million, and the company currently employs approximately 470 people. Incap's share has been listed on the NASDAQ OMX Helsinki Ltd since 1997. Additional information: www.incap.fi.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Incap Oyj via Globenewswire