SOLTEQ PLC'S EXECUTIVES INVEST IN THE COMPANY'S SHARES

Solteq Oyj 

17.07.2012 08:05
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Solteq Plc STOCK EXCHANGE BULLETIN 17.7.2012 at 9.05 am

The Board of Directors of Solteq Plc (Solteq) has decided on a new shareholding
plan directed to the Solteq Group executives. The new plan expands the Solteq's
arrangement from 1 March 2011 to cover the whole Solteq Group executives in
addition to the CEO and CFO. The purpose of the plan is to enable the
executives' considerable long-term shareholding in Solteq. Through this plan,
the executives invest a considerable amount of funds in Solteq's shares. The
executives finance their investments partly themselves and partly by a loan
provided by Solteq. The actual owner risk will be carried out personally by the
executives for the part of their personal investment in the plan. 

For the purpose of the share ownership, the executives will establish a limited
company (the Company), whose entire stock they own. The intention of the
Company is to acquire 350,000 Company shares from Solteq. The share acquisition
will be financed by management group's equity investment amount of EUR 70,000,
and by a loan in the maximum amount of EUR 310,000 provided by Solteq. After
the plan has been implemented in full, the executives will hold 2.3 % of the
Solteq's shares through company. 

On the basis of authorization granted by the Annual General Meeting of
Shareholders of Solteq on 14 March 2012, the Board of Directors of Solteq Plc
decided on a share issue against payment directed to the Company. In the share
issue, a maximum of 350,000 treasury shares held by Solteq will be offered for
subscription by the Company, in derogation from the shareholders' pre-emptive
subscription rights. There are weighty financial reasons for the derogation
from the shareholders' pre-emptive subscription rights as the shares to be
transferred in the share issue will be used for the implementation of the
shareholding plan of the Solteq's executives. As treasury shares held by the
Solteq will be transferred in the share issue, the number of the Solteq's share
will remain unchanged. 

The subscription price (transfer price) of the share is the trade volume
weighted average quotation of Solteq's share on NASDAQ OMX Helsinki Ltd. during
11 April-10 July 2012, i.e. EUR 1.07 per share. The share subscription period
is 1-31 August 2012. The subscribed shares must be paid no later than 31 August
2012. The subscription price will be credited to the reserve for invested
unrestricted equity of the Solteq. Right to dividend and other shareholder
rights will commence after the shares have been paid and registered on the
book-entry account of Company. 

As part of the plan, the Board of Directors of Solteq has today decided to
grant to the Company an interest-bearing loan in the maximum amount of EUR
310,000 to finance the acquisition of Solteq's shares. The loan will be repaid
in full by 30 April 2015, at the latest. Should the plan be continued by one
year at a time in 2015 or in 2016, in accordance with the terms and conditions,
the loan period may be extended respectively. 

The plan will be valid until the publication of Solteq's financial statements
2014, at which time the plan is intended to be dissolved in a manner to be
determined later. The plan may be dissolved, e.g., by merging Company with
Solteq, or by selling Solteq's shares held by the Company otherwise. The plan
will be continued by one year at a time, in case Solteq's share price after the
publication of the Solteq's financial statements 2014 or 2015 is lower than the
average share price which the Company paid for Solteq's shares. 

During the validity of the plan, the transfer of Solteq's shares held by the
Company has been restricted. 



Board of Directors of Solteq Plc



Further information available from:

CEO, Repe Harmanen

Telephone +358 (0)400 467 717

E-mail repe.harmanen@solteq.com



CFO, Antti Kärkkäinen

Telephone +358 (0)40 8444 393

E-mail antti.karkkainen@solteq.com



Distribution:
NASDAQ OMX Helsinki
Key media
News Source: NASDAQ OMX



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Language:     English
Company:      Solteq Oyj
              
               
              Finland
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Fax:          
E-mail:       
Internet:     
ISIN:         FI0009007991
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