Incap Corporation's board of directors decided on private placement as payment for convertible loan

Wed Jan 30, 2013 6:01am EST

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Incap Corporation
Stock Exchange Release 30 January 2013 at 1 p.m.

INCAP CORPORATION'S BOARD OF DIRECTORS DECIDED ON PRIVATE PLACEMENT AS PAYMENT FOR CONVERTIBLE
LOAN

Incap Corporation's Board of Directors has today used the authorisation issued by the Annual
General Meeting on 11 April 2012 and decided on a private placement, which the company uses to
redeem a part of the convertible loan issued in the year 2007. The private placement is a part of
the financing arrangement, which the company announced on 17 January 2013. 

In the private placement, one holder of the convertible bond will receive a total of 1,697,286 new
shares as a settlement for loan shares. The calculatory subscription price is EUR 0.22. The new
shares amount to approximately 8.1% of all shares in the company prior to the share issue.

The issue of new shares deviates from the pre-emptive right of the current shareholders by way of
offering the new shares entirely to a holder of the company's convertible loan. There is a
significant financial reason for the company to deviate from shareholders' pre-emptive
subscription rights because the purpose of the private placement is to ensure the company's
solvency through a quick, low-cost arrangement. 

The new shares convey a right to dividend and other shareholder's rights as from the registration
of the new shares to the Trade Register. The company aims to register the new shares as soon as
possible. When the new shares have been taken to public trading on the Helsinki Stock Exchange,
the number of Incap Corporation's shares is a total of 22,546,266. 

INCAP CORPORATION

Sami Mykkänen
President and CEO

Additional information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi 

INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive
services cover the entire life-cycle of electromechanical products from design and manufacture to
maintenance services. Incap's customers include leading equipment suppliers in energy-efficiency
and well-being technologies, for which the company produces competitiveness as a strategic
partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2011
amounted to around EUR 68.9 million, and the company currently employs approximately 610 people.
Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi. 



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Source: Incap Oyj via Thomson Reuters ONE


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