Neo Industrial Oyj (NEO1V.HE) Key Developments | Reuters.com
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Neo Industrial Oyj (NEO1V.HE)

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Latest Key Developments (Source: Significant Developments)

Neo Industrial: Reka Cables ends co-determination negotiations concerning officials
Monday, 2 Nov 2015 10:00am EST 

Neo Industrial Plc:Its subsidiary, Reka Cables Ltd, concluded co-determination negotiations concerning officials.As a result of negotiations six persons are given notice of termination and three persons are temporary laid off.Two temporary lay-offs concern officials in Keuruu Adjustments will be started during this week.  Full Article

Neo Industrial Plc: Reka Cables starts co-determination negotiations concerning officials
Tuesday, 20 Oct 2015 06:00am EDT 

Neo Industrial Plc:Subsidiary Reka Cables Ltd starts the co-determination negotiations to decrease maximum nine permanent officials.Co-determination negotiations concern all permanent officials in Hyvinkaa, Riihimaki and Keuruu.Total amount of permanent officials at end of Sept. 2015 was 59 people.  Full Article

Neo Industrial invests in cables manufacturing technology
Wednesday, 28 Jan 2015 05:30am EST 

Neo Industrial Plc:Neo Industrial Plc´s subsidiary Reka Kaapeli Ltd invests 1.5 million euros ($1.71 million) in cable manufacturing technology in Hyvinkää Factory.Says investment will be ready by end of April 2015.Payment was made in January 2015.  Full Article

Neo Industrial Plc's Reka Kaapeli receives underground power cable order
Friday, 23 Jan 2015 02:01am EST 

Neo Industrial Plc:Reka Kaapeli Ltd, the company's subsidiary, has got underground power cable order.Value of order is 6.0 million euros.Deliveries are made during 2015 and 2016.  Full Article

Neo Industrial Plc buys all shares of Reka Rubber Ltd
Friday, 31 Oct 2014 09:00am EDT 

Neo Industrial Plc:Said on Oct. 13 that it had signed a sale and purchase agreement on buying all shares of Reka Rubber Ltd.Says sale and purchase agreement is related to financing arrangements of Neo Industrial and share issue to raise new capital.  Full Article

Neo Industrial acquires Reka Rubber, launches share issue and rearranges part of financing
Monday, 13 Oct 2014 07:51am EDT 

Neo Industrial Plc:Says has on Oct. 13 signed a sale and purchase agreement on buying all shares of Reka Rubber Ltd.Says this corporate acquisition is part of total arrangement where Neo Industrial enlarges its industrial segments.Says corporate acquisition is financed by share issue in deviation from shareholders' pre-emptive rights totalling 4,000,000 B shares as payment of shares of Reka Rubber Ltd.The additional payment of maximum of 1.2 million euros can be made during five year depending on Reka Rubber performance.As a part of the arrangement new equity and funds is acquired to implement finance rearrangements by share issue in deviation from the shareholders' pre-emptive rights totalling about 2 million euros.Says in rearrangement of financing, interest bearing liabilities will be cut by 7.8 million euros.Says of this amount over 5 million euros take effect immediately when total arrangement is carried out.Says in addition to that maturity of 1.1 million euros loan is prolonged by ten years.Says Reka Rubber manufactures small and medium-sized rubber components to heavy vehicle and machine building industries.  Full Article

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