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GLASTON: 18,530,768 NEW SHARES WERE SUBSCRIBED FOR IN THE DIRECTED SHARE ISSUE AND CONVERSION OF CONVERTIBLE LOAN

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Glaston Corporation    Stock Exchange Release   25.2.2011 at 20.00 (EET) 

GLASTON: 18,530,768  NEW SHARES WERE SUBSCRIBED FOR IN THE DIRECTED SHARE ISSUE AND CONVERSION OF CONVERTIBLE  LOAN

The Board of Directors of Glaston has today approved subscriptions made in the directed share issue resolved on 25 February 2011 and conversion of the convertible loan issued by the company into shares. 6,8 million new shares were subscribed for in the directed share issue and it was fully subscribed for. The subscription price of the new shares is EUR 0.88 per share.  

The subscription price is based on the trading volume weighted average price in Helsinki Stock Exchange between 21.- 25. February 2011 less 4.9 per cent. In the conversion of the convertible loan into shares for the value of EUR 15,250,000 million 11,730,768 new shares were issued.  

Glaston intends to have the new shares registered in the Trade Register on or about 4 March 2011.The new shares will carry the same rights as the existing shares of the company. After registration of the shares in the Trade Register Glaston has  97,880,768 shares. The new shares are subject to trade in Helsinki Stock Exchange on or about 7 March 2011.

 

 

 

For further information, please contact

Glaston Corporation

Arto Metsänen, President and CEO, phone +358 10 500 6100
Tapio Engström, CFO, phone  +358 10 500 6419.

 

Glaston Corporation
Arto Metsänen
President and CEO 

 

 

Glaston Corporation
Glaston Corporation is an international glass technology company and a pioneer of glass processing technology.Its product range and service network are the widest in the industry. Glaston's well–known brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines, and Albat+Wirsam in glass industry software.

Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.

 

 

Distribution: NASDAQ, OMX, key media, www.glaston.net

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