Etteplan Oyj's Board of Directors' new release
ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, AUGUST 22, 2013, AT 09:30 A.M.
ETTEPLAN OYJ’S BOARD OF DIRECTORS’ NEWS RELEASE
Etteplan Oyj (“Etteplan”) has on August 19, 2013 disclosed that Ingman Group Oy Ab (“Ingman Group”) is under obligation to launch a mandatory takeover bid for the shares in Etteplan.
Ingman Group has informed that 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’ time before the obligation to launch a takeover bid. 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 effect. The bid shall therefore be published no later than on September 16, 2013.
In addition to the mandatory takeover bid, the Board of Directors of Etteplan will also investigate other available options in order to reach the best possible outcome for its shareholders. The Board of Directors of Etteplan has appointed Aventum Partners Ltd as its financial advisor.
Hollola, August 22, 2013
Board of Directors
Heikki Hornborg, Chairman of the Board, tel. +358 400 873 063
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.