Innofactor pays the final part of the purchase price of Bridgeconsulting A/S with company's new shares

17.09.2013 00:00

Innofactor Plc Stock Exchange Release September 17, 2013, at 11:20 Finnish time

In accordance with the agreement signed and published by the company on June 25, 2012, Innofactor Plc acquired the entire share capital of the Danish company Bridgeconsulting A/S. The acquisition price depended on the target company’s realized EBITDA of the 12 months following the acquisition (July 1, 2012–June 30, 2013). The final purchase price is about EUR 2.5 million. About EUR 1.26 million of the purchase price was paid in cash at the beginning of July 2012.

In its meeting on September 17, 2013, the Board of Directors of Innofactor decided on a directed issue, which will be used to pay the final part of the purchase price using company's new shares. In the directed issue, the company will issue 1,015,372 new shares. The total number of shares of Innofactor Plc will be 35,590,551 after the issued 1,015,372 new shares have been registered in the Trade Register. The new shares will be registered in the Trade Register before end of September 2013. The trading of the new shares in the Helsinki Stock Exchange (NASDAQ OMX Helsinki) is estimated to start on September–October 2013.

INNOFACTOR PLC

Board of Directors

Additional information:

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

Distribution:

NASDAQ OMX Helsinki
Main media
www.innofactor.com

Innofactor is one of the leading software providers focused on Microsoft solutions in the Nordic Countries. Innofactor delivers to its customers IT projects as a system integrator and develops its own software products and services. The focus area in its own product development is Microsoft Azure-based cloud solutions. Innofactor's customers include over 1,000 companies and government organizations in Finland, Denmark and elsewhere in Europe. In its operation, Innofactor strives for long-term customer relationships. Innofactor has about 400 motivated and skilled employees in several locations in Finland, Denmark and Russia. The five year growth of Innofactor's net sales in 2008–2012 has been about 35 percent annually. Innofactor is the fastest growing technology company in the Finnish stock exchange. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.