ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, AUGUST 19, 2013, AT 18:30 P.M.
ETTEPLAN OYJ: INGMAN GROUP OY AB HAS PUBLISHED ITS’ OBLIGATION TO LAUNCH A MANDATORY BID FOR ETTEPLAN OYJ’S SHARES
Etteplan Oyj has on August 19, 2013 received the following notification, in accordance with chapter 11, section 19 of the Finnish Securities Markets Act, of publishing a mandatory takeover bid according to which:
Ingman Group Oy Ab (“Ingman Group”) has through trades completed on August 16, 2013 acquired in total 308,052 Etteplan Oyj’s (“Etteplan”) shares. After these trades Ingman Group holds in total 6,158,052 Etteplan shares, corresponding to 30.52 per cent of Etteplan’s voting rights and shares.
After the above mentioned share trades Ingman Group’s holding exceeds 3/10 of Etteplan’s voting rights. As a consequence of share trades Ingman Group is according to Finnish Securities Act, chapter 11, section 19, obliged to launch a mandatory takeover bid for the remaining shares in Etteplan.
The cash consideration to be offered in the mandatory takeover bid will be EUR 3.20 for each share in Etteplan, which corresponds to the highest price paid by Ingman Group for Etteplan’s share during the six months before the obligation to launch a takeover bid.
The average share price paid by the company during the above mentioned period was EUR 3.13 and EUR 3.06 for dividend adjusted shares. The price according to the takeover bid was paid on March 20, 2012; i.e. a week before the dividend of EUR 0.15 was decided.
According to chapter 11, section 22 of the Finnish Securities Markets Act a mandatory takeover bid shall be published within one month from the time the obligation has come into affect, i.e. on September 16, 2013 at the latest.
Hollola, August 19, 2013
Juha Näkki, President and CEO, tel. +358 400 606 372
NASDAQ OMX Helsinki
Etteplan provides engineering services and technical product information solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products.
In 2012, Etteplan had turnover of EUR 134.5 million. The company has more than 1,700 professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.