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Provider: Reuters Investment Profile
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Provider: Wright Reports
Provider: GlobalData

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Ixonos Oyj Plans New Share Issue

Friday, 21 Dec 2012 10:35am EST 

Ixonos Oyj announced that it has decided to prepare a share issue directed at the Company's present shareholders and intended to raise maximum of EUR 4.3 million. The Board of the Directors is going to propose to extraordinary shareholder’s meeting that the meeting will authorize the Board of Directors to decide on a rights issue of maximum of 40 million new shares against payments in one or multiple share issues. The Share Issue is pending, among other things to the approval of the extraordinary shareholder’s meeting on January 15, 2013. The Company plans to use the funds raised in the issue to carry forward its change project and to strengthen its balance sheet. Pohjola Corporate Finance Ltd will act as a lead manager in planned share issue. Of the Company’s shareholders Turret Oy Ab (approximately 22.8% of shares), SEB Life International Assurance Company as investment in Policy (5.8%), Ilari Koskelo (2.9%), the Chairman of the Board Pertti Ervi (0.27%), the future Chief Executive Officer and President Esa Harju (0.13%) and other persons from the Company's management, representing a total of approximately 31.9% of the shares, have given a subscription commitment that their holding’s entitle them to subscribe for. In addition Turret has given underwriting commitment to shares that are not subscribed for in the issue with maximum amount of EUR 0.5 million and Ilari Koskelo with maximum of EUR 0.5 million. 

Company Quote

-0.01 -8.33%
17 Apr 2014