Decisions of extraordinary general meeting
Resolution of the Extraordinary General Meeting of Componenta
Componenta Corporation Stock Exchange Release 5.9.2014 at 13.15
The Extraordinary General Meeting of Componenta Corporation, held on 5 September 2014, resolved in accordance with the proposal of the Board of Directors and the terms and conditions attached to the notice to the general meeting (with certain technical amendments), in derogation from the pre-emptive right of the shareholders, to execute a share issue directed to the public of a maximum of 53,000,000 new shares in total to be subscribed by individuals and corporations in Finland. The purpose of the share issue is to secure the continuity of the company’s operations by considerably strengthening the financial position of the company and hence there are weighty financial reasons for the company to derogate from the pre-emptive subscription right of the shareholders.
The presentation given by the company’s President and CEO in the general meeting is available on the company’s website at www.componenta.com.
The company has received subscription commitments for subscribing new shares in the share issue, in the amount of 5.2 million euros in total, by using cash to pay the subscription price, from certain major shareholders. The company has received subscription commitments for subscribing new shares in the share issue in the amount of over 63 million euros in total, by using the principals and interests of the company’s bonds, capital notes or hybrid bonds to pay the subscription price, from certain holders of the company’s bonds. The received subscription commitments correspond to over 77 per cent of the new shares in total to be issued for subscription in the share issue.
Helsinki, 5 September 2014
President and CEO
For further information, please contact:
President and CEO
tel. +358 10 403 2200
tel. +358 10 403 2723
Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 511 million in 2013 and its share is listed on the NASDAQ OMX Helsinki. The Group employs approx. 4,400 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.