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ReleasesSolteq Plc Stock Exchange Release 18.6.2015 at 6.45 p.m.
Solteq Plc has today received a notification pursuant to Chapter 9, Section 5 of the Securities Markets Act from Sentica Buyout III GP Oy (business ID 2126931-6) ja Sentica Buyout III Ky (business ID 2237279-6).
According to the notification, Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky are parties to an agreement or other arrangement which, if completed, would cause the direct holdings of Sentica Buyout III Ky of the shares and voting rights in Solteq Plc to exceed the 5 per cent threshold. According to the notification, Sentica Buyout III GP Oy’s indirect holding through the above mentioned companies of the shares and voting rights in Solteq Plc would at the same time exceed the 5 per cent threshold.
The change in the holdings results from an issue of new shares in Solteq Plc directed to Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky where Descom Group’s shares will be transferred against the new shares of Solteq Plc based on the share purchase agreement signed on June 17, 2015 by and between Solteq Plc and the shareholders of Descom Group Oy regarding all the shares in Descom Group Oy.
The only general partner of Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky is Sentica Buyout III GP Oy. Sentica Buyout III GP Oy exercises the power of decision in the companies. The investment management functions of both the funds have been transferred to Sentica Partners Oy based on a separate investment management agreement.
The change in the holdings is subject to the completion of the transaction according its terms of conditions. The aim is to implement the company acquisition by 31 August 2015.
Should the transaction (including the directed share issue) be completed the ownership of Sentica Buyout III Ky of the shares and voting rights in Solteq Plc would be 1.645.045 shares and votes which represents 9,24 per cent of all the shares and voting rights in the company after the share issue.
Should the transaction (including the directed share issue) be completed the indirect ownership of Sentica Buyout III GP Oy of the shares and voting rights in Solteq Plc would be 1.709.136 shares and votes, which represents 9,60 % of all the shares and voting rights in the company after the share issue, including the ownership mentioned above and that Sentica Buyout III Co-Investment Ky would own, should the transaction (including the directed share issue) be completed, 64.093 shares and voting rights which represents 0,36 per cent of all the shares and voting rights in the company after the share issue.
Should the share issue be completed, the total number of shares and voting rights in Solteq Plc would be 17.798.059. The company has one class of shares. The current number of shares and voting rights is 14.998.061.
SOLTEQ PLC
For more information, please contact:
CEO Repe Harmanen
Telephone 0400 467 717
Email: repe.harmanen@solteq.com
CFO Antti Kärkkäinen
Telephone 040 8444 393
Email: antti.karkkainen@solteq.com
Distribution:
NASDAQ OMX Helsinki
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