ENEDO OYJ 
By Espoo, Finland, 2012-01-10 13:15 CET (GLOBE NEWSWIRE) -- EFORE PLC Stock Exchange Release January 10, 2012 at 2.15 p.m.
The Board of Directors of Efore Plc (Company) decided
on a new shareholding plan directed to the members of the
Efore Group Executive Management Team on 25 August 2010. The
plan enables the participants' considerable long-term
shareholding in the Company. The Board of Directors decided
today to offer a maximum of 273,842 treasury shares held by
the Company in a directed share issue against payment to
Efore Management Oy, a holding company owned by the
management, in order to expand the shareholding plan and to
include a new member of the Efore Group Executive Management
Team in the plan. The decision is based on the authorization
granted by the Annual General Meeting of Shareholders of the
Company on 10 February 2011.
In the directed share issue against payment, a maximum of
273,842 treasury shares held by the Company will be offered
for subscription by Efore Management Oy. The subscription
price of the share is EUR 0.82 per share, which is the trade
volume weighted average quotation of the Company's share
on NASDAQ OMX Helsinki Ltd on 9 January 2012. The share
subscription period is 11 January-25 January 2012. The
subscribed shares must be paid on 31 January 2012, at the
latest.
The number of the Company's shares will not be changed on
the basis of the share issue, as treasury shares held by the
Company will be transferred in the share issue.
If all shares to be offered are subscribed, the number of
treasury shares held by the Company will be 587.693 shares,
after the share transfer.
EFORE PLC
Board of Directors
For further information please contact Mr. Vesa Vähämöttönen,
President and CEO, tel +358 9 4784 6312.
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
Efore Group
Efore Group is an international company which develops and
produces demanding power products. Besides Finland, the
company's product development and marketing units are
located in China and Sweden. Efore's production units are
located in China and Estonia. In the fiscal year ending in
October 2011, the Group's net sales totaled EUR 88.1
million and its personnel averaged 960. The company's
share is quoted on the main list of Helsinki Stock Exchange.
www.efore.com
Vesa Vähämöttönen, President and CEO, tel +358 9 4784 6312
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