ETTEPLAN OYJ: TREASURY SHARES TRANSFERRED AS PART OF ACQUIRING THE TOTAL SHARE CAPITAL OF ESPOTEL OY AND SOIKEA SOLUTIONS OY
ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, APRIL 8, 2016 AT 2.30 PM
ETTEPLAN OYJ: TREASURY SHARES TRANSFERRED AS PART OF ACQUIRING THE TOTAL SHARE CAPITAL OF ESPOTEL OY AND SOIKEA SOLUTIONS OY
Etteplan Oyj has today on April 8, 2016 transferred a total of 221,365 treasury shares to the key private owners of Espotel Oy and Soikea Solutions Oy. The directed share issue was conditional on the completion of the acquisitions where Etteplan Oyj acquired the total share capital of Espotel Oy and Soikea Solutions Oy. These acquisitions were completed on April 4, 2016. The price for the transferred treasury shares is EUR 4.51 per share and EUR 998,356.15 in total. A three-year (3) lock-up period is associated with the share transfer. A stock exchange release about transferring the treasury shares as part of the acquisition price of the transactions was issued on March 15, 2016. A stock exchange release about the completion of the acquisitions was issued on April 4, 2016.
For the transfer, Board of Directors used the authorization granted by the Annual General Meeting on March 26, 2014. After the transfer, Etteplan holds a total of 135,892 treasury shares.
Annual General Meeting on April 5th, 2016 granted Board of Directors a new share issue authorization of 6,000,000 shares.
Vantaa, April 8, 2016
Etteplan Oyj
Additional information:
Juha Näkki, President and CEO, tel. +358 400 606 372
Outi-Maria Liedes, SVP, HR & Operational Development, tel. +358 40 756 9620
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan’s services cover engineering, technical documentation, embedded systems and IoT solutions. Our customers are 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 2015, Etteplan had turnover of EUR 141.1 million. The company has about 2,400 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETT1V ticker.