Stock Exchange Release 2 February 2015 at 7.20 pm (EET)
INISSION AB HAS PUBLISHED THE PRELIMINARY RESULT OF ITS PUBLIC TENDER OFFER FOR ALL INCAP CORPORATION'S SHARES
Not to be published or distributed, directly or indirectly, in United States, Canada, Australia, New Zealand, South Africa, China, Hong Kong, Singapore or Japan or in any other state where distribution or publishing would be prohibited by applicable law.
The offer period of the mandatory public tender offer for all shares in Incap Corporation made by Inission AB expired on 30 January 2015.
Inission AB has been the largest shareholder of Incap since 2013 when it acquired approximately 26.12 per cent of all shares of Incap. On 11 December 2014 Inission increased its ownership to 30.27 per cent of all Incap shares and related voting rights. On 22 December 2014 Inission acquired 7,684,615 Incap shares from Varma Mutual Pension Insurance Company, and after that Inission owns 40,707,563 Incap shares corresponding to approximately 37.31 per cent of all Incap shares and votes.
Pursuant to the preliminary result of the tender offer by Inission AB, the shares tendered in the tender offer represent approximately 3.54 per cent of all the shares and votes in Incap Corporation. Thus, after the execution trades of the shares validly tendered in the tender offer have been made, the total ownership of Inission of all the shares and votes in Incap Corporation would be in total approximately 40.85 per cent.
Inission AB has informed that it will confirm and announce the final result of the tender offer on or about 3 February 2015.
Lassi Noponen, Chairman of the Board of Directors, tel. +358 40 501 5127
NASDAQ OMX Helsinki Ltd
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 500 people. Incap's share has been listed on the NASDAQ OMX Helsinki Ltd since 1997. Additional information: www.incap.fi.
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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