EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 9.9.2005 at 9.45 1 (1)
SHARE SUBSCRIPTIONS WITH YEAR 2001 WARRANTS
After the previous increase in the share capital registered on 21
April 2005, a total of 110,800 shares in Exel Oyj have been subscribed
with the A and B warrants attached to the warrant programme 2001.
63,600 shares were subscribed with the A warrants and 47,200 shares
with the B warrants. The subscription price of the shares subscribed
with A warrants is EUR 4.11 and EUR 3.86 for B warrants. The
subscription period for the A warrants began on 1 June 2002 and on 1
October 2003 for the B warrants.
The increase in the share capital, in total EUR 19,944 was registered
in the Finnish Trade Register on 9 September 2005. As a result of the
increase, the share capital of Exel Oyj is now EUR 2,041,344 and the
total number of shares is 11,340,800. Exel received a total of EUR
443,588 as shareholders equity.
The holders of the new shares are entitled to all shareholders rights
from the registration date. The new shares will be listed on Helsinki
Exchanges main list together with the old shares on 12 September 2005.
Mäntyharju, 9 September 2005
President & CEO
Mr Ari Jokelainen, President, Exel Oyj, tel. +358 50 590 6750
Exel Oyj is a Finnish company specialised in composite technology. The
Groups operations consist of sporting goods and industrial
applications. Exels best-known products include cross-country and
Nordic Walking poles, Alpine poles, surfboard masts, floorball clubs
and industrial profiles. The Groups seven factories are located in
Finland, Germany, Belgium, Austria and Spain. Over 80% of production
is exported. In 2004 the Groups net sales totalled EUR 83.9 million.
Exel personnel numbers 450. Exels share is listed on Helsinki
Exchanges main list. Further information: www.exel.net.
Exel Composites, a global technology company headquartered in Finland, is the world’s largest manufacturer of pultruded and pull-wound composite products. Our global manufacturing, R&D, and sales footprint serves customers across a broad range of industries and applications. With 60 years of composites experience and engineering expertise, we work closely with our customers to design and manufacture high quality composite products using carbon fiber, fiberglass, and other high-performance materials. Our composites help reduce weight, improve performance, and decrease total life cycle costs, all while helping increase energy efficiencies and supporting environmental sustainability. Exel Composites employs approximately 650 innovative and customer-focused employees around the world and is listed on the Nasdaq Helsinki exchange. To find out more about our offering and company please visit www.exelcomposites.com.