Vaahto Group has completed the financial negotiations
VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 28.11.2012 at 12.00
VAAHTO GROUP HAS COMPLETED THE FINANCIAL NEGOTIATIONS
The repayment covenant conditions related to the equity ratio of the Vaahto Group involved in the loans from the from credit institutions were violated on the Interim Report date, 31 August 2012, and because of that, those long-term loans has been recorded as current liabilities. The financial negotiations with the financier have now been completed and the Group has received from the financier a commitment that the violations will not lead to any consequences.
Lahti, 28 November 2012
VAAHTO GROUP PLC OYJ
Acting CEO, Vaahto Group Plc Oyj
tel. +358 400 127664
Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.