SCANFIL OYJ STOCK EXCHANGE RELEASE 19 JANUARY 2016 9.30 A.M.
SCANFIL OYJ OWNS ALL SHARES IN PARTNERTECH AB
On 25 May 2015, Scanfil Oyj (“Scanfil”) announced a public offer to the shareholders of PartnerTech AB (“PartnerTech”) to tender all shares in PartnerTech to Scanfil at a price of SEK 35 in cash per share (the “Offer”).
On 13 July 2015, Scanfil announced that the shares tendered in the Offer up until the end of the extension of the acceptance period on 9 July 2015 amounted to 12,487,738, corresponding to 98.6 percent of the shares and votes in PartnerTech. In relation thereto, Scanfil initiated compulsory acquisition of the remaining shares in PartnerTech.
Scanfil has now obtained so called advanced title to the minority shares in PartnerTech. As a result hereof, Scanfil has, prior to the expiration of the compulsory acquisition process, become owner of all shares in PartnerTech against providing collateral in favor of the minority shareholders as security for the purchase price under the compulsory acquisition process.
Distribution NASDAQ OMX, Helsinki
For additional information contact:
CEO Petteri Jokitalo, +358 44 7882 400
Scanfil Group is an international contract manufacturer and systems supplier. Its customers include international operators in the automation, energy, data transmission and health technology sectors, and companies operating in fields related to urbanization, among other industries. Scanfil is listed on the Helsinki Stock Exchange.
In 2015 Scanfil acquired PartnerTech AB, the leading Swedish contract manufacturer. Partnertech’s turnover in 2014 was SEK 2.2 billion. Company has operations in Sweden, Norway, Finland, Poland, the UK, the United States and China.