ETTEPLAN TO APPLY FOR LISTING ON THE HELSINKI STOCK EXCHANGE MAIN LIST
Stock exchange release – Published: 13.05.2005 11:00:00
ETTEPLAN TO APPLY FOR LISTING ON THE HELSINKI STOCK EXCHANGE MAIN LIST The Board of Directors of Etteplan Oyj (the Company) has, in its meeting on 10 March 2005, resolved to submit an application to the Helsinki Stock Exchange Ltd (the Helsinki Stock Exchange) for the transfer of the Company's shares, currently listed on the NM-list, to the Main List of the Helsinki Stock Exchange. Etteplan will submit its application for listing today. Trading in the Company's shares is expected to commence on the Main List of the Helsinki Stock Exchange on or about 24 May 2005. The Board of Directors of Etteplan Oyj considers that with the transfer of the Company's shares to the Main List of the Helsinki Stock Exchange the Company has better possibilities to reach investors and the transfer to the Main List improves the liquidity of the company's shares thus making the pricing of the company's shares on the Helsinki Stock Exchange more efficient as well as increases the visibility of the Company. In addition the Board of Directors of Etteplan Oyj considers that the transfer to the Main List of the Helsinki Stock Exchange secures the Company's international growth potential since in a possible acquisition a more liquid share on the Main List is more attractive for the counter party. The Board of Directors of Etteplan Oyj has given an account of the future outlook and recent developments of Etteplan in the interim report published on 3 May 2005. Etteplan has compiled a Finnish language listing particulars in connection with the transfer to the Main List, which is estimated to be published on or about 19 May 2005. The Company will issue a separate stock exchange release on the publication of the listing particulars. Member of the Board of Directors of Etteplan Oyj, M.Sc. (Tech.) Tapani Tuori, passed away on May 12, 2005 after a severe illness. Tapani Tuori became a member of Etteplan Oyj's Board of Directors in 1986 and he was the chairman of the Board from 1987 to 1997. The company will complete the composition of the Board of Directors in the next Annual General Meeting at the latest. About Etteplan Etteplan Oyj (HEX: ETT) is a profitably growing international engineering design company which supplies high-quality design services for the production and product development processes of industrial technology. The core areas of expertise are mechanical engineering and automation design as well as software development, electronics design and EMC-services. In 2004, turnover of Etteplan Group was 62 MEUR. At the moment the company employs more than 1200 persons in Finland, Sweden, Germany, Italy and China. For more information, please visit www.etteplan.com. Hollola, 13 May, 2005 Etteplan Oyj Board of Directors For additional information, contact: CEO Heikki Hornborg, tel. +358 3 872 9011, GSM +358 400 873 063. DISTRIBUTION: Helsinki Exchanges Principal media www.etteplan.com