EUR 5,000,000 increase of Innofactor Software Ltd’s equity

28.08.2012 00:00

Innofactor Plc Stock Exchange Release August 28, 2012, at 8:35 Finnish time

At its meeting on August 27, 2012, the Board of Directors of Innofactor Plc decided to increase the equity of Innofactor Software Ltd, a subsidiary of the group, by EUR 5,000,000.

The equity was increased by having Innofactor Software Ltd offer new shares to Innofactor Plc for subscription at a total subscription price of EUR 5,000,000, of which EUR 4,997,600 was recorded in Innofactor Software Ltd’s fund for invested unrestricted equity and EUR 2,400 in the share capital. The subscription price was fully paid through an offset of EUR 5,000,000 of Innofactor Plc’s receivables from Innofactor Software Ltd.

Innofactor group’s business operations are centralized into Innofactor Software Ltd. The amount of Innofactor Software Ltd’s equity will be significant particularly for certain public-sector procurement contracts, where it may be considered as one of the grounds for awarding a contract.

INNOFACTOR PLC

Board of Directors

Further information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:

NASDAQ OMX Helsinki
Main media
www.innofactor.com