Innofactor will pay the adjustment payment of Enabling Holding Aps deal partly with new company shares

28.05.2015 00:00

Innofactor Plc Stock Exchange Release May 28, 2015, at 11:30 Finnish time

On December 13, 2013, Innofactor Plc signed a contract to purchase the entire share capital of Enabling Holding ApS and its subsidiaries Enabling ApS and Enabling Sweden AB (together Enabling Group) from the company management. In accordance with the contract announced on December 13, 2013, the purchase price depends on Enabling Group’s realized EBITDA in 2014. The final pur-chase price is approximately EUR 3.8 million of which approximately EUR 2.2 million will be paid in June 2015. Out of the EUR 2.2 million approximately EUR 1.7 will be paid in cash and approxi-mately EUR 0.5 million in company shares.

Innofactor Board of Directors has decided, on the basis of the authorization of the General Meet-ing, on a directed share issue of new shares in connection with the adjustment payment of the deal. Innofactor will issue 500.000 new shares. The number of Innofactor Plc shares will be 32 653 737 in total when the new shares issued by the company have been registered in the Trade Regis-ter. The new shares correspond to 1.53 % of the total share number after the share issue. The new shares will be registered in the Trade Register approximately at the beginning of June 2015. The trading of the new shares is estimated to begin in the Helsinki Stock Exchange (NASDAQ OMX Hel-sinki) in June 2015. All Innofactor shares used as payment in this transaction are subject to transfer restrictions which are gradually released by 2017.

Espoo, May 28, 2015

INNOFACTOR PLC

Sami Ensio, CEO

Additional information:

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

Distribution:

NASDAQ OMX Helsinki
Principal media
www.innofactor.com

Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. Innofactor’s own product development is focused on Microsoft’s Azure based cloud solutions. Innofactor's customers include about 1,000 private and public sector organizations in Finland, Denmark, Sweden and elsewhere in Europe. The company has about 400 motivated and skilled employees in a number of locations in Finland, Denmark, and Sweden. From 2010 to 2014, Innofactor's annual net sales growth has been 45 percent on average. Leading Finnish business publication Kauppalehti selected Innofactor as the most successful com-pany on the Finnish stock exchange in 2013. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.