SCANFIL PLC STOCK EXCHANGE RELEASE 25 FEBRUARY 2016 9.45 A.M.
SCANFIL IS CONSIDERING TO RAISE ADDITIONAL EQUITY FINANCING FROM THE MARKET
In order to increase financial flexibility and widen ownership base Scanfil is considering to raise additional equity financing from the market. Such additional financing is planned to be raised by means of a directed share issue to a selected group of investors, and would consist of up to 9.99% of shares outstanding. According to the preliminary plan and depending on the market situation, the share issue is estimated to be implemented during the first half of 2016.
CEO Petteri Jokitalo
Tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil is an international contract manufacturer and system supplier for the electronics industry with 40 years of experience in demanding contract manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.
Typical Scanfil products include mobile and communications network devices, automation system modules, frequency converters, lift control systems, analysers, various slot and vending machines, and devices related to medical technology and meteorology. Scanfil services are used by numerous international automation, energy, IT and health service providers, as well as companies operating in the field of urbanization. Scanfil’s network of factories consists of 16 production units in Europe, Asia and North America. The total number of employees is 3,800.