Eirikuva Digital Image Oyj Abp
DIRECTED ISSUE OF EIRIKUVA DIGITAL IMAGE OYJ ABP
Eirikuva Digital Image Oyj Abp / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- EIRIKUVA DIGITAL IMAGE OYJ ABP COMPANY ANNOUNCEMENT 25.9.2008 DIRECTED ISSUE OF EIRIKUVA DIGITAL IMAGE OYJ ABP The Board of Directors of the company has, in order to strengthen the capital structure of the company, decided on the directed share issue and directed issue of option rights on the basis of the authorizations granted by the ordinary General Meeting of 4.6.2008 and the extraordinary General Meeting of 16.9.2008. Mainly it is a question of private placement. The share issue is directed to Swedish Rite Internet Ventures AB who shall be offered 2.660.000 shares for subscription, and to the major shareholders of Eirikuva, owning at least 1 per cent of the company's shares as per 5.9.2008, who shall be offered for subscription at the maximum of 860.000 shares. In the issue maximum of 3.520.000 new shares of the company shall be issued. In the directed issue the subscription price per share is 0,10 euros, which has premium of 20-30 percent compared with the current price in the market. Premium has been calculated from the last two months closing prices in First North marketplace. As a result of payment of the subscription prices in the directed issue, the company shall obtain new equity for 352.000 euros in total, if the issue is fully subscribed. The minimum amount of each subscription is 50.000 shares. The subscription period for the share issue ends on 15.10.2008, which period the Board of Directors may extend if needed. To each of the subscribed shares is attached an option right on which a new share can be subscribed for 0,10 euros by 31.3.2009. Therefore, maximum of 3.520.000 option rights shall be issued which entitle to the maximum of 3.520.000 new shares of the company. As a result of the directed share issue and possibly followed subscription of the shares on the basis of the options, the company shall obtain new equity for maximum of 704.000,00 euros. The total number of the shares shall, as a consequence, increase to maximum of 10.560.000 shares. Rite Internet Ventures AB, from Stockholm, has undertaken to subscribe in the issue 2.660.000 shares with 266.000,00 euros. If the share issue is fully subscribed, Rite shall own 37,8 per cent of the company's shares and votes, and if it uses the option rights relating to the subscription of shares, it shall become the principal shareholder of Eirikuva Digital Image Oyj Abp with an ownership of slightly over 50 per cent. The current principal shareholder, Amago Capital AB, shall after the directed issue and use of option rights, own approximately 20 per cent of the company. Rite Internet Ventures AB is a risk venture capital company which invests in Nordic internet companies. Rite Internet Ventures is a long term investor participating as an active partner in companies with apparent development and growth potential. The purpose of participation is to strengthen the financial position of the companies and to expand their competence and contact network by e.g. active board working. For more information: Merja Ailama-Mäkitalo Managing Director Tel. +358 40 545 3357 Certified Adviser Privanet Pankkiiriliike Oy Tuomas Siltala Managing Director Tel. +358 50 560 3878 News Source: NASDAQ OMX 26.09.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Eirikuva Digital Image Oyj Abp Finland Phone: Fax: E-mail: Internet: ISIN: FI0009015580 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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