Elektrobit Group Oyj - ELEKTROBIT GROUP PLC. INCREASES ITS SHARE CAPITAL AS A RESULT OF THE CLOSING OF ACQUISITIONS OF 3SOFT AND CIM-TECH SHARES
March 08, 2004
ELEKTROBIT GROUP PLC. INCREASES ITS SHARE CAPITAL AS A RESULT OF THE CLOSING OF ACQUISITIONS OF 3SOFT AND CIM-TECH SHARES
Closing of Elektrobit Group Plc's acquisition of 3Soft GmbH's and CIM-Tech Oy's shares has taken place today. In connection with the acquisitions a total of 13,221,938 new Elektrobit Group Plc .shares, each share having a counter book value of EUR 0.02 and representing approximately a total of 2.05 per cent of the share capital and the votes attached to the shares of Elektrobit Group Plc. after the increase of share capital, were offered for subscription to the shareholders of 3Soft GmbH and CIM-Tech Oy.
On the basis of the authorisation given to the Board of Directors by the Annual General Meeting on March 25, 2003, the Board of Directors of Elektrobit Group Plc has on March 8, 2004 resolved to increase the share capital of the Company by EUR 264,438.76. The subscription price for the shares shall be determined in accordance with the average trading price of the Company's share on the Helsinki Exchanges on the last trading day preceding the signing of the Share Purchase Agreement. The increase of the share capital will be registered in the Finnish Trade Register on or about March 18, 2004. Consequently, the share capital of Elektrobit Group Plc. will increase to EUR 12,874,950.52 consisting of 643,747,526 shares. Elektrobit Group Plc will apply for the listing of the new shares on the Helsinki Exchanges together with Elektrobit Group Plc's other shares preliminarily as of March 22, 2004.
In Oulunsalo, March 8, 2004
Elektrobit Group Plc.
The Board of Directors
