Statement of Incap Corporation’s Board concerning the change in holdings in Incap
Stock Exchange Release 12 December 2014 at 5.30 pm (EET)
STATEMENT OF INCAP CORPORATION’S BOARD CONCERNING THE CHANGE IN HOLDINGS IN INCAP
Incap Corporation has today been informed that Inission AB will make a public tender offer for the shares of Incap after their ownership in Incap has increased to 33,022,948 shares corresponding approximately 30.27% of all the shares and votes in the company. Incap has further been informed that Varma Mutual Pension Insurance Company has given to Inission AB an advance undertaking to accept the tender offer as to the 7,684,615 shares in its ownership.
The Board of Incap Corporation will consider the public tender offer of Inission and give in line with the Finnish Securities Markets Act a statement concerning the final offer after the publication of the offer documents at the latest. Because the major shareholders of Inission, the maker of the offer, are members of the Board of Incap Corporation, the issue will be discussed among the independent members of the Board.
When evaluating the offer the Board of Directors of Incap will, together with its advisors, pay special attention to the low price level of the tender offer in relation to the future outlook published by Incap and to the share price of Incap during the period preceding the date of becoming obligated to make a public tender offer, as well as to the lack of control premium.
Board of Directors
Lassi Noponen, Chairman of the Board, tel. +358 40 501 5127
NASDAQ OMX Helsinki Ltd
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and sourcing to actual manufacture and further to maintenance services. Incap’s customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group’s revenue in 2013 amounted to approximately EUR 36.8 million, and the company currently employs approximately 500 people. Incap’s share has been listed on the NASDAQ OMX Helsinki Ltd since 1997. Additional information: www.incap.fi.