Etteplan Oyj’s Directed Share Issue
Etteplan Oyj Stock Exchange Release May 15, 2018 at 9.15 a.m.
The Board of Directors of Etteplan Oyj (“Company”) has in its meeting held on May 14, 2018 made a conditional resolution upon Directed Share Issue pursuant to the share issue authorization granted to it by the Annual General Meeting of Shareholders' held on April 4, 2017. Directed Share Issue is related to the acquisition of Eatech Oy. A separate Stock Exchange Release has been published about the acquisition today. According to the terms of the Share Purchase Agreement, the purchase price is paid to the sellers partly through a Directed Share Issue, and partly in cash.
Share Purchase Agreement, which was the condition for Directed Share Issue, was signed today and simultaneously the sellers subscribed 191,816 Etteplan’s new shares as purchase price. The issue price to be paid is EUR 7.82 per share. The issue price payment takes place with apport property which includes all shares of Eatech Oy. Company’s unrestricted shareholders' equity shall increase by EUR 1.500.001,12.
The new shares subscribed in the Directed Share Issue are estimated to be entered into Trade Register on June 5, 2018 and into book-entry system kept by Euroclear Finland Oy on June 6, 2018. The shares will be applied for public trading when the above mentioned registrations have been completed. Trading with the new shares, however, is possible only after three years when the restriction period, agreed in the Share Purchase Agreement, is no longer valid.
Subscription prices of the shares are booked entirely into the invested unrestricted equity fund of the Company, and share capital is not increased in connection with the Directed Share Issue. The total number of Etteplan’s shares after the Directed Share Issue is 24,963,308 shares. The issued shares represent approximately 0.77 per cent of the total number of shares in the Company prior to the Directed Share Issue, and approximately 0.77 per cent of the total number of shares in the Company after the Directed Share Issue. After the Directed Share Issue the Board of Directors can, pursuant to authorization granted to it by the Annual General Meeting of Shareholders, resolve to issue maximum of 2 308 184 shares.
Vantaa, May 15, 2018
Board of Directors
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Communications and Marketing, tel. +358 10 307 3302
Etteplan provides industrial equipment and plant engineering, embedded systems, IoT (Internet of Things), and technical documentation 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 2017, Etteplan had a turnover of approximately EUR 215 million. The company currently has over 3,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com