Vaahto Group Plc Oyj contemplates a Directed Share Issue to a Group of Selected Investors
VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 18.4.2012 at 16.15
VAAHTO GROUP PLC OYJ CONTEMPLATES A DIRECTED SHARE ISSUE TO A GROUP OF SELECTED INVESTORS
The board of directors of Vaahto Group Plc Oyj (”Company”) has passed a resolution contemplating a directed share issue to a group of selected investors (“Share Issue”). The intention is to offer a maximum of 600,000 new shares for subscription corresponding to approximately 16.7 per cent of all the shares in the Company and of all the votes that may be cast at the Company’s general meeting subsequent to the Share Issue provided that the aforementioned maximum number of new shares is issued and subscribed for pursuant to the Share Issue. The implementation of the Share Issue would be pursuant to the authorisation granted to the Company’s board of directors at the Company’s annual general meeting on December 12, 2011. No shares would be offered or sold publicly in connection with the Share Issue.
The purpose of the Share Issue would be to enhance the Company’s capital structure and to improve the Company’s operational and financial flexibility. The funds raised from the Share Issue would be used to strengthen the Company’s working capital. This would allow the subsequent use of the funds for investment and general business purposes.
The final number and subscription price for the shares to be offered are to be determined pursuant to negotiations with the investors. It is estimated that the board of directors will decide on the implementation of the Share Issue, the number of shares to be offered and the terms on which the shares are to be offered on April 19, 2012.
The Company will arrange the Share Issue itself. Advium Corporate Finance Ltd will act as the financial advisor and Hammarström Puhakka Partners, Attorneys Limited as the legal advisor to the Company.
Lahti, April 18, 2012
VAAHTO GROUP PLC OYJ
Board of Directors
acting CEO, Vaahto Group Plc Oyj
tel. +358 400 127664
NASDAQ OMX Helsinki Ltd
This announcement does not constitute a direct or indirect offer or solicitation to subscribe for or purchase shares through a directed share issue or otherwise.
This announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, in the United States, Canada, Australia, Hong Kong, Japan or any other jurisdiction where local laws or regulations may prescribe restrictions on such release or distribution.