Honkarakenne Oyj
OVER 40 % OF PERSONNEL SUBSCRIBED FOR SHARES; 42,451 SHARES SUBSCRIBED IN HONKARAKENNE OYJ’S DIRECTED SHARE ISSUE TO PERSONNEL

Honkarakenne Oyj 

25.02.2014 15:00

Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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HONKARAKENNE OYJ, Stock Exchange Release 25 February 2014 at 4:00 p.m.

OVER 40 % OF PERSONNEL SUBSCRIBED FOR SHARES; 42,451 SHARES SUBSCRIBED IN
HONKARAKENNE OYJ'S DIRECTED SHARE ISSUE TO PERSONNEL 

On the basis of the authorisation to issue shares granted to the Board of
Directors of Honkarakenne Oyj at the Annual General Meeting of 5 April 2013,
the Board decided, on 10 Jan 2014, to arrange a directed issue, based on which
the company's employees will be offered the opportunity to subscribe for a
maximum total of 150,000 new Honkarakenne Series B shares ('Directed Share
Issue to Personnel'). The subscription period in the Directed Share Issue to
Personnel ended on 17 February 2014 and the company's Board of Directors has
decided on approving the subscriptions. Subscriptions were approved in full. 

The Board of Directors approved subscriptions for a total of 42,451 new Series
B shares in the Directed Share Issue to Personnel. 

The Series B shares subscribed for in the Directed Share Issue to Personnel
represent about 0.9 per cent of all of the company's Series B shares and the
votes they confer. In the Directed Share Issue to Personnel, 62 employees of
the company subscribed for shares. Shares were offered to a total of 146
employees. 

The shares subscribed for in the Directed Share Issue to Personnel will be
entered in the Trade Register and it is expected that they will be available
for trading on 17 March 2014. However, a share transfer restriction will apply
to shares subscribed in Directed Share Issue to Personnel until 16 February
2015. After the new shares have been entered in the Trade Register, the
company's number of Series B shares will increase from 4,868,872 to 4,911,323
shares. The Directed Share Issue to Personnel has no effect on the company's
number of Series A shares. The total subscription price of the shares, EUR
90,195.93, will be recorded in full in the invested non-restricted equity fund
of the company, and the Directed Share Issue to Personnel has no effect on the
company's share capital. 

HONKARAKENNE OYJ

Mikko Kilpeläinen

President and CEO



For further information, please contact:

Mikko Kilpeläinen, President and CEO, tel. +358 50 542 5884,
mikko.kilpelainen@honka.com or 

Mikko Jaskari, CFO, tel. +358 400 535 337, mikko.jaskari@honka.com.



DISTRIBUTION

NASDAQ OMX Helsinki Oy

Key media

Financial Supervisory Authority

www.honka.com
News Source: NASDAQ OMX



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Language:     English
Company:      Honkarakenne Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009900104
WKN:          
 
End of Announcement                             DGAP News-Service
 
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