STONESOFT CORPORATION COMPLETES THE DIRECTED SHARE ISSUE UP TO 5.700.000 SHARES FOR DOMESTIC INVESTORS
(Thomson Reuters ONE) -
STONESOFT CORPORATION
STOCK EXCHANGE RELEASE 19 March 2010 at 15.15 p.m.
STONESOFT CORPORATION COMPLETES THE DIRECTED SHARE ISSUE UP TO 5.700.000 SHARES
FOR DOMESTIC INVESTORS
The Board of Directors of Stonesoft Corporation (the "Company" or "Stonesoft")
has on 19 March 2010 decided to complete the directed share issue based on the
authorization granted by the Annual General Meeting of Shareholders on 26 March
2009 and to offer in deviation from the shareholders' pre-emption rights a
maximum number of 5,700,000 new shares for subscription against payment for
experienced and professional domestic investors. The terms and conditions of the
directed share issue are attached to this stock exchange release.
The purpose of the share issue is to strengthen the Company's capital structure
and to ensure the positive development according to the Company's strategy and
growth plan.
The shares were offered in deviation from the shareholders' pre-emption rights
to experienced and professional domestic investors through a book building
process. The number of subscription undertakings exceeds [1.2] fold the number
of shares to be offered and approximately [85.7] per cent of all undertakings
were allocated to the investors. Based on the results of the book building
process the share subscription price was set to [0.80] euros per share. The
subscription price shall be recorded in full as an increase in unrestricted
invested equity fund.
All 5,700,000 shares offered for subscription were subscribed for in the share
issue corresponding to 9.95 per cent of all the shares in the company and votes
attached to said shares prior to the share issue. The Company's Board of
Directors has on 19 March 2010 approved the subscriptions made by the investors.
Since the share issue was subscribed for in full, the Company's major
shareholders Ilkka Hiidenheimo and Hannu Turunen did not subscribe for any
shares in the directed share issue based on their underwriting undertakings.
New shares issued in the directed share issue will be registered in the Trade
Register on or about 23 March 2010 and trading in the Main market of NASDAQ OMX
Helsinki Ltd will commence on or about 24 March 2010.
The Finnish Financial Supervisory Authority has on 18 March 2010 granted
permission (record number 27/212/2010) for the Company to exempt from a duty to
release a prospectus when an admission for the Main market is applied for the
new shares subscribed in the directed share issue.
Helsinki, 19 March 2010
STONESOFT CORPORATION
Board of Directors
For further information, please contact:
Ilkka Hiidenheimo, CEO, Stonesoft Corporation
Tel. +358 9 476 711
E-mail: ilkka.hiidenheimo(at)stonesoft.com
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.stonesoft.com
This release is not for publication, release or distribution, directly or
indirectly, either in full or partially, in or into the United States, Canada,
Australia, Japan or any other jurisdiction in which the same would be unlawful.
This release is not a direct or indirect offer of securities in the United
States, Canada, Australia, Japan or any other jurisdiction in which the same
would be unlawful or would require prospectus, any related registration or any
other actions according to applicable rules of that jurisdiction. Securities may
not be sold in the United States absent registration with the United States
Securities and Exchange Commission or an exemption from registration under the
U.S. Securities Act of 1933, as amended. Stonesoft Corporation has not
registered, and does not intend to register any part of the offering in the
United States or to conduct a public offering of securities in the United
States.
This release does not constitute an offer of any securities in the United
Kingdom. No prospectus has been approved nor will be applied for approval or be
approved for publication in the United Kingdom and hence, this release shall not
cover offering of securities in the United Kingdom.
[HUG#1395706]
Directed share issue: http://hugin.info/120212/R/1395706/352356.pdf
Terms and conditions: http://hugin.info/120212/R/1395706/352357.pdf
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Datum: 19.03.2010 - 09:13 Uhr
Sprache: Deutsch
News-ID 1011637
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