Neo Industrial Oyj
THE DISMISSION OF THE BANKRUPTCY ESTATE OF KUITU FINLAND’S ACTION BECAME LAW
Neo Industrial Oyj 29.04.2014 14:15 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE 29 April 2014 at 3.15 pm THE DISMISSION OF THE BANKRUPTCY ESTATE OF KUITU FINLAND'S ACTION BECAME LAW The action against Neo Industrial Plc regarding the personal quarantee on the purchase of the mill real estate of Neo Industrial's subsequently bankrupted Avilon Fibres Ltd as non-current compensation was dismissed by the District Court of Pirkanmaa on 17 March. The quaranteed debt of EUR 5 million as well as building cost index is due for payment during 25 years in accordance with the agreement. The bankruptcy estate of Kuitu Finland has not filed a letter of complaint by the closing date and the decision of the District Court of Pirkanmaa is final and legally valid. The decision of the District Court has no effect on the financial statements of Neo Industrial Plc. Neo Industrial Plc Jari Salo Managing Director For further information, please contact: Jari Salo, Managing Director, tel. +358 207 209 196 Sari Tulander, CFO, tel. +358 207 209 192 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 29.04.2014 DGAP's 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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