Neo Industrial Oyj
NEO INDUSTRIAL OYJ STOCK RELEASE 30 DECEMBER 2014 AT 9.45 AM
Neo Industrial Oyj 30.12.2014 08:45 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NEO INDUSTRIAL REARRANGED PART OF ITS FINANCING AND BOUGHT BACK CONVERTIBLE BONDS ISSUED IN 2011 Neo Industrial has carried out arrangement where it has bought back convertible bonds issued in 2011 and which are due in 2016. The purchase is financed with new debt financing. At the same time, as a part of the arrangement, the maturity of earlier acquired EUR 1.1 million loan was prolonged by ten (10) years. In year 2011 issued and subscribed convertible Bonds are senior unsecured loans due 2016 with total principal amount of EUR 6 million and entitle cash compensation based on the Company's class B share price. The Bonds carry a coupon of 7.50% per annum. Neo Industrial group bought the Bonds back with EUR 1 million. The arrangement has positive, round EUR 4.7 million, effect on to the net result of Neo Industrial group. Neo Industrial Plc The Board of Directors Further information: Jari Salo, Managing Director, tel. +358 20 720 9196 Sari Tulander, CFO, tel +358 20 720 9192 www.neoindustrial.fi Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. Neo Industrial's business segment is Cable Industry. News Source: NASDAQ OMX 30.12.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Neo Industrial Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009800296 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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