ETTEPLAN OYJ INCREASES ITS SHARE CAPITAL AND DISPOSES COMPANY-HELD SHARES
Stock exchange release – Published: 19.06.2006 10:30:03
ETTEPLAN OYJ INCREASES ITS SHARE CAPITAL AND DISPOSES COMPANY-HELD SHARES The Board of Directors of Etteplan Oyj has in its meeting held on 9 May 2006 made a resolution upon directed share issue and disposal of 200 company-held shares pursuant to the authorizations granted to it by the Annual General Meeting of Shareholders' held on 29 March 2006. In accordance with the resolution it was accepted and resolved to realize the increase of share capital by a directed share issue of 159,800 shares and EUR 39,950. The new shares as well as the disposed shares are used as means of payment in the share swap in which Ulf Aiff and Stefan Allemyr, the owners of Etteplan Technical Systems AB, swap the rest of the shares they own in the company to Etteplan's' shares. The share swap is realized according to sales contract dated 20 May 2003. To Ulf Aiff disposed shares are paid with apport property by giving in exchange 6 Etteplan Technical System AB's shares to Etteplan, EUR 1,188 in value. The share acquisition strengthens Etteplan's business position. The company believes that the 100 % share in Etteplan Technical Systems AB will reinforce the realization of synergies between the Swedish companies. The new shares shall be entered into Trade Register on 19 June 2006 after which the shares shall be subjected to trade. The shares are available for trading together with the former shares from 20 June 2006 on. The amount of share capital increase is EUR 39,950 and the total amount of the new share capital after the increase is EUR 2.443.232,50. The total number of shares after the increase is 9.772.930. The number of shares emitted in the connection with the share capital increase represent approximately 1,64 % of the entire share capital. The Financial Supervision Authority (FSA) has granted Etteplan Oyj an exception order according to which the company is not obligated to publish a registration statement. Hollola, 19 June 2006 Etteplan Oyj Board of Directors For additional information, contact: CFO, VP Corporate Planning, Pia Björk, tel. +358 400 241 815. DISTRIBUTION: Helsinki Exchanges Principal media www.etteplan.com