Uutechnic Group’s Directed Share Issue Concluded, all Contribution-in-Kind Shares Subscrebed to
PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE, DECEMBER 31, 2015 at 12:00 am
UUTECHNIC GROUP’S DIRECTED SHARE ISSUE CONCLUDED, ALL CONTRIBUTION-IN-KIND SHARES SUBSCRIBED TO
Plc Uutechnic Group Oyj today concluded its directed share issue intended for Uutechnic Oy and its owners. All 24,000,000 contribution-in-kind shares have been subscribed to. The nominal value of the subscribed shares is 6,000,000 euros. The issued shares have been paid for with the entire share capital of a new company Uutechnic Oy (business ID 2708799-4) going into business as a result of Uutechnic Oy (business ID 0933067-1) being split. Effective immediately, the new company Uutechnic Oy is legally considered a wholly owned subsidiary of Plc Uutechnic Group Oyj after the split. For accounting purposes, the new company’s contribution-in-kind capital has been merged with the capital of Plc Uutechnic Group Oyj since 30 October 2015.
For this directed share issue, the portion of the shares to be paid for in cash is 6,000,000 shares with a total nominal value of 1,500,000 euros. This transaction is estimated to be concluded during the first half of January 2016.
Helsinki, December 31, 2015
PLC UUTECHNIC GROUP OYJ
Board of Directors
Sami Alatalo, Vice Chairman of the Board, Plc Uutechnic Group Oyj +358 40 826 2066