Stock Exchange Release 31 August 2016 at 8.20 a.m. (EET)
REDUCTION OF INCAP CORPORATION'S SHARE CAPITAL HAS BEEN REGISTERED WITH TRADE REGISTER
The decision on the reduction of Incap Corporation's share capital made by the Annual General Meeting on 6 April 2016 has been registered with the trade register today.
The Annual General Meeting resolved to reduce the share capital of the company from EUR 20,486,769.50 by EUR 19,486,769.50 to cover the losses and to transfer funds to unrestricted equity reserves as follows:
- The losses accumulated before and on the financial period ending on 31 December 2015 will be covered by decreasing the unrestricted equity reserve by EUR 16,804,218.62, by decreasing the share premium account by EUR 44,316.59 and by decreasing the share capital by EUR 11,118,952.29.
- After covering the losses the remaining share capital will further be decreased by EUR 8,367,817.21 by transferring the funds to the unrestricted equity reserve.
The share capital of the company after the reduction is EUR 1,000,000 and the unrestricted equity reserve is EUR 8,367,817.21.
The reduction of share capital does not affect the number of shares in the company.
Ville Vuori, CEO, tel. +358 400 369 438
Nasdaq Helsinki Ltd
The company's home page www.incapcorp.com
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer. 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, and the company currently employs approximately 520 people. Incap's share is listed on the Nasdaq Helsinki Ltd. as from 1997.Additional information: www.incapcorp.com.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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