UUTECHNIC GROUP REPAID SUBORDINATED LOAN WHICH INCLUDED A SPECIFIC RIGHT OF EXCHANGE
PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE DECEMBER 12, 2017 at 13:30
UUTECHNIC GROUP REPAID SUBORDINATED LOAN WHICH INCLUDED A SPECIFIC RIGHT OF EXCHANGE
Plc Uutechnic Group Oyj has repaid the subordinated loan, totalling EUR 1.0 million, which included the specific right of exchange. To the extent that loan capital remains unpaid on 31 December 2017, the creditors are entitled to convert the unpaid part of the capital, in part or in full, into shares in the company at a value of EUR 0.25 per share. The subordinated loan was related to the financing arrangement in 2015.
In Uusikaupunki December 12, 2017
PLC UUTECHNIC GROUP OYJ
Board of Directors
Further information: Jouko Peräaho, CEO, +358 500 740808
www.uutechnicgroup.fi
Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide. The product range includes agitators, different types of pressure vessels, process- and storage tanks, reactors and heat exchangers. Additionally different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.
The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.
Uutechnic Group’s business consists of one segment, Process Solutions, which is divided into two business lines: Mixing Technology and Tanks & Rolls. Mixing Technology business line consists of Stelzer Rührtechnik Int. GmbH and Uutechnic Oy. Tanks & Rolls business line consists of Japrotek Oy Ab and AP-Tela Oy.