DIRECTED SHARE ISSUE FROM DONE SOLUTIONS CORPORATION
Done Solutions Corporation Stock Exchange Release
January 23, 2009, 16:30 hrs
DIRECTED SHARE ISSUE FROM DONE SOLUTIONS CORPORATION
In its meeting of January 23, 2009, Done Solutions Corporation's Board of
Directors decided on a directed share issue to Mia Järvinen and Olli-Pekka
Salovaara, former shareholders of Finnish Led-Signs Oy. This share issue is
based on the share-issue authorization granted by Done Solutions Corporation's
Annual General Meeting of April 2, 2008. With this share issue, Done Solutions
Corporation fulfils, as a non-recurring act, its obligation under the share
swap agreement signed in September 2007 to issue new Done Solutions Corporation
shares to the sellers as an additional consideration.
The issue offers for subscription a total of 1,724,138 Done Solutions
Corporation's shares, accounting for 2.27% of the company's shares and votes
bestowed by the shares before the issue and, after the issue, for 2.21%. The
company's total number of shares following the issue will be 77,839,732. As per
the share-issue decision, a total of 1,378,889 shares will be issued to Mia
Järvinen and a total of 345,249 shares to Olli-Pekka Salovaara.
Prior to this direct share issue, Mia Järvinen owns 2.29% and Olli-Pekka
Salovaara 0.64% of Done Solutions Corporation's shares. Mr Salovaara being Done
Solutions Corporation's President and CEO, this share issue constitutes an
insider transaction for Done Solutions Corporation.
The per-share subscription price in the direct share issue amounts to EUR 0.29,
corresponding to the share's average closing value during the 30 trading days
prior to the share-issue decision, and rounded downwards to the nearest cent.
The shares are issued for subscription, waiving the shareholders' pre-emption
rights, as a part of fulfilling the terms of the share swap agreement of
Finnish Led-Signs Oy. The subscription price will be recognized in full under
the invested unrestricted equity fund.
The unexercised share-issue authorization of the Board of Directors will cover
28,275,862 shares after the share issue.
Done Solutions Corporation
Board of Directors
For further information, please contact:
Olli-Pekka Salovaara, President & CEO, mobile +358 040 5675520
olli-pekka.salovaara@donesolutions.com
http://www.donesolutions.com
Distribution:
Helsinki Stock Exchange
Financial Supervision Authority
Major media
Done Solutions Corporation, listed on the NASDAQ OMX Helsinki Stock Exchange,
is the parent company of Done Group. Done's subsidiaries focus on the provision
of advanced Finnish specialist expertise and export-based operations.