ANNOUNCEMENT IN ACCORDANCE WITH CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT (INISSION AB)
As informed by Incap Corporation on 22 July 2013, the comprehensive arrangement agreed between Inission AB and Incap Corporation includes an option for Inission AB to combine and unite Inission AB's business operations with Incap Corporation. The consummation of the transaction is conditional to the use of the option by Inission AB, to the approval of Incap Corporation's Extraordinary General Meeting, to the granting of the exemption by the Finnish Financial Supervisory Authority regarding an obligation to bid and to the approval from Inission AB's financial partners.
If Inission AB uses its option and the transaction is carried out in full, Inission AB will own a minimum of ca. 83,633,115 shares, i.e. 51% and a maximum of ca. 146,315,126 shares, i.e. 64% of all Incap Corporation's issued and outstanding shares and votes. The estimation is based on a EUR/SEK exchange rate of 8.5. The final share of holding is depending on Incap Corporation's share price development and the development of EUR/SEK exchange rate.
If the transaction is carried out in full, Incap Corporation will have at least a total of 164.247.150 shares and votes. Today, Incap Corporation has a total of 109,114,035 shares and votes.
Company: Incap Corporation, Business ID 0608849-6
Changes to holdings as proportions of the total shares and votes in Incap Corporation:
|Shareholder||Business ID||Holdings prior to the transaction||Holdings after the transaction|
|%||shares, pcs||%||shares, pcs|
|Inission AB||556747-1890||26.12||28,500,000|| min. 51,
| min 83,633,115,
Director, Communications and Investor Relations
tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
The company's home page www.incap.fi
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 repair and 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 approximately EUR 64.1 million, and the company currently employs approximately 600 people. Incap's share is listed on the NASDAQ OMX Helsinki Ltd. since 1997. Additional information: www.incap.fi.
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Source: Incap Oyj via Thomson Reuters ONE