Elektrobit Group Oyj - CHANGE IN OWNERSHIP OF JOT AUTOMATION GROUP PLC
October 29, 1999
CHANGE IN OWNERSHIP OF JOT AUTOMATION GROUP PLC
With transactions made October 28, 1999 the shareholding of Veikko Lesonen has decreased by 7,800,000 shares from 20,065,800 to 12,265,800 shares. With these transactions Veikko Lesonen's ownership of the company's share capital and votes has been reduced from 11.76 percent to 7.19 percent.
With transactions made the shareholding of Jorma Terentjeff has decreased by 3,800,000 shares from 12,802,600 to 9,002,600 shares. With these transactions Jorma Terentjeff's ownership of the company's share capital and votes has been reduced from 7.50 percent to 5.28 percent.
With transactions made the shareholding of Mika Kettula has decreased by 2,377,500 shares from 4,755,000 to 2,377,500 shares. With these transactions Mika Kettula's ownership of the company's share capital and votes has been reduced from 2.79 percent to 1.39 percent.
After the transactions the three above mentioned persons own together 23,645,900 shares in JOT Automation equaling to 13.86 % of the company's share capital and votes.
'JOT executive's share of ownership shall remain very significant also in the future. JOT executives are still company's largest private owners. The purpose of the sales now made is to improve the liquidity of the company's shares and broaden the company's shareholder base, especially on the international markets. It can be stated that in all respects JOT has risen on the market above the status of a small or mid-sized company. The extremely rapid rise in the company's turnover and its good profits have been more and more widely noticed on the international markets. JOT as a company and an investment has also captured the interest of large investors,' Jorma Terentjeff commented.
JOT Automation Group specializes in manufacturing and marketing production automation for the electronics industry. The group has subsidiaries in eight countries. On September 30, 1999 the group employed 577 people and its net sales from January 1 to September 30, 1999 came to 75.4 million euros. The Company's shares are listed in the Helsinki Exchanges.
Oulunsalo, Finland October 29, 1999
JOT Automation Group Plc
The Board of Directors
Jorma Terentjeff
President, CEO
