Trading in Detection Technology's shares on the Nasdaq First North Finland marketplace starts today
DETECTION TECHNOLOGY PLC COMPANY ANNOUNCEMENT 16 March 2015 at 8.30 am
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA, SINGAPORE OR
JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.
Trading in Detection Technology's shares on the Nasdaq First North Finland
marketplace starts today
Detection Technology Plc ("Detection Technology" or the "Company") announces its
flotation today on 16 March 2015, at 10.00 am to the First North Finland
marketplace maintained by NASDAQ OMX Helsinki Ltd ("First North"). The total
number of shares in the Company subject to trading is 12,950,975 their share
trading code is DETEC and ISIN code FI4000115464.
Detection Technology has issued a total of 3,450,000 new shares in the initial
public offering (the "Offering"). As a result, the number of shares in the
Company will increase to 12,950,975 shares in total. The new shares were
registered with the Trade Register maintained by the Finnish Patent and
Registration Office on 13 March 2015. Shares issued in the public offering were
recorded on 16 March 2015 in the book-entry accounts of investors who have made
an approved subscription commitments. In the institutional offering the shares
will be ready to be delivered against payment on or about 18 March 2015 through
Euroclear Finland Ltd.
Nordea Bank Finland Plc acted as the Lead Manager in the Offering and also
serves as the Company's certified advisor under the First North rules.
DETECTION TECHNOLOGY PLC
Further information:
Hannu Martola, President and CEO
+358 500 449475
hannu.martola@deetee.com
Detection Technology in brief
Detection Technology develops, produces, markets and sells components and
systems for X-ray imaging solutions for medical, security and industrial
applications. The Company operates from Espoo, Oulu, Beijing, Hong Kong and
Boston. In 2014, Detection Technology's net sales totalled EUR 33 million and
the comparable operating profit margin was 12% (the reported operating profit
margin being 9%).
DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.deetee.com
DISCLAIMER:
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia, Hong
Kong, South Africa, Singapore or Japan.
These written materials do not constitute an offer of securities for sale in the
United States, nor may the securities be offered or sold in the United States
absent registration or an exemption from registration as provided in the U.S.
Securities Act of 1933, as amended, and the rules and regulations thereunder.
Detection Technology Plc. (the "Company") does not intend to register any
portion of the offering in the United States or to conduct a public offering of
securities in the United States.
The issue, exercise and/or sale of securities in the initial public offering are
subject to specific legal or regulatory restrictions in certain jurisdictions.
Neither the Company nor Nordea Bank Finland Plc assume any responsibility in the
event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. Investors must
neither accept any offer for, nor acquire, any securities to which this document
refers, unless they do so on the basis of the information contained in the
applicable prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in any
Member State of the European Economic Area other than Finland. With respect to
each Member State of the European Economic Area other than Finland and which has
implemented the Prospectus Directive (each, a "Relevant Member State"), no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member States
(a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive; or (b) in any other circumstances falling within Article
3(2) of the Prospectus Directive. For the purposes of this paragraph, the
expression an "offer of securities to the public" means the communication in any
form and by any means of sufficient information on the terms of the offer and
the securities to be offered so as to enable an investor to decide to exercise,
purchase or subscribe the securities, as the same may be varied in that Member
State by any measure implementing the Prospectus Directive in that Member State
and the expression "Prospectus Directive" means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent
implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU.
This communication does not constitute an offer of the securities referred to
herein to the public in the United Kingdom. No prospectus has been or will be
approved in the United Kingdom in respect of the securities referred to herein.
This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth
entities, and other persons to whom it may lawfully be communicated, falling
within Article 49(2) of the Order (all such persons together being referred to
as "relevant persons"). Any investment activity to which this communication
relates will only be available to and will only be engaged with, relevant
persons. Any person who is not a relevant person should not act or rely on this
document or any of its contents.
