ETTEPLAN OYJ INCREASES ITS SHARE CAPITAL AND DISPOSES COMPANY-HELD SHARES
ETTEPLAN OYJ STOCK EXHANGE RELEASE 19 JUNE 2006 10.30 A.M.
ETTEPLAN OYJ INCREASES ITS SHARE CAPITAL AND DISPOSES COMPANY-HELD SHARES
The Board of Directors of Etteplan Oyj has in its meeting held on
9 May 2006 made a resolution upon directed share issue and disposal of
200 company-held shares pursuant to the authorizations granted to it
by the Annual General Meeting of Shareholders' held on 29 March 2006.
In accordance with the resolution it was accepted and resolved to
realize the increase of share capital by a directed share issue of
159,800 shares and EUR 39,950.
The new shares as well as the disposed shares are used as means of
payment in the share swap in which Ulf Aiff and Stefan Allemyr, the
owners of Etteplan Technical Systems AB, swap the rest of the shares
they own in the company to Etteplan's' shares. The share swap is
realized according to sales contract dated 20 May 2003. To Ulf Aiff
disposed shares are paid with apport property by giving in exchange
6 Etteplan Technical System AB's shares to Etteplan, EUR 1,188
in value.
The share acquisition strengthens Etteplan's business position. The
company believes that the 100 % share in Etteplan Technical Systems
AB will reinforce the realization of synergies between the Swedish
companies.
The new shares shall be entered into Trade Register on 19 June 2006
after which the shares shall be subjected to trade. The shares are
available for trading together with the former shares from 20 June
2006 on.
The amount of share capital increase is EUR 39,950 and the total
amount of the new share capital after the increase is
EUR 2.443.232,50.
The total number of shares after the increase is 9.772.930. The
number of shares emitted in the connection with the share capital
increase represent approximately 1,64 % of the entire share capital.
The Financial Supervision Authority (FSA) has granted Etteplan Oyj
an exception order according to which the company is not obligated
to publish a registration statement.
Hollola, 19 June 2006
Etteplan Oyj
Board of Directors
For additional information, contact: CFO, VP Corporate Planning,
Pia Björk, tel. +358 400 241 815.
DISTRIBUTION: Helsinki Exchanges
Principal media
www.etteplan.com