Helsinki, Finland, 2015-09-03 08:00 CEST (GLOBE NEWSWIRE) --
Ixonos Plc Stock Exchange Release 3 September 2015 at 09:00
ACQUISITION OF CRESENSE OY HAS BEEN CONCLUDED
Ixonos Plc (“Ixonos”) and owners of Cresense Oy (“Cresence”) have been concluded transaction (“Transaction”) on 2 September 2015, in which Cresense Oy has become a part of Ixonos Group. Transaction has been announced as stock exchange release on 27 August 2015.
In the Transaction, all Cresense shares apart from shares owned by the company itself have been transferred to the ownership of Ixonos. As compensation, Ixonos issued a total of 7,142,857 new Ixonos shares (“Consideration Shares”) in a directed share issue (“Share Issue”) to be subscribed by the owners (“Owners”) of Cresense Oy. The Owners have been subscribed the Considerations Shares in total and the Board of Directors of Ixonos has accepted the share subscription made in Share Issue.
The Consideration Shares will represent 3.4 per cent of Ixonos shares and votes after the Share Issue. The Consideration Shares will entitle to full dividends possibly distributed by Ixonos and to other distribution of assets as well as carry other shareholder rights in the company starting from when the Consideration Shares have been entered in the Trade Register and the shareholders’ register of the company. The Consideration Shares of the Sellers continuing to work for the group are subject to a lock-up period of six (6) months to two (2) years starting from the issue of such shares. If certain prerequisites are met, the Sellers will be entitled to an additional purchase price of EUR 350,000 at most. Ixonos may pay the possible additional purchase price in cash or as Ixonos shares at its option.
IXONOS PLC
Board of Directors
Additional information:
Ixonos Plc.
Sami Paihonen, CEO, tel. +358 50 502 1111, sami.paihonen@ixonos.com
Pekka Pylkäs, CFO, tel. +358 40 538 1821, pekka.pylkas@ixonos.com
Distribution:
NASDAQ OMX Helsinki
Main Media
www.ixonos.com
