As we previously announced, Inission has via a subscription undertaking committed to participate in a directed share issue to become the major shareholder in Enedo. Conditional upon Enedo’s Board of Directors being authorized by the Extraordinary General Meeting to issue the shares and the Finnish Financial Supervisory Authority granting exemption to Inission from the obligation to launch a mandatory tender offer.
Enedo’s Board of Directors has today approved the subscriptions made in the Issues and allocated the new shares subscribed for in the Issues in accordance with the terms and conditions of the Issues.
Inission AB (publ) subscribed for 34,000,000 of the shares offered in the directed issue pursuant to its subscription undertaking and Inission will become Enedos’s largest shareholder with holdings of approximately 49.6%. On 8 March 2021, the Financial Supervisory Authority granted Inission a permanent exemption from the obligation to launch a mandatory bid for Enedo’s shares.
Enedo is a European designer and producer of high-quality electronic power supplies and systems for critical equipment even in the most demanding environments. Enedo´s mission is to make electricity better – more reliable, more secure, more energy efficient – and just right to fit its purpose. Enedo´s three main product categories are Led Drivers, Power supplies and Power Systems. In 2020 the group´s revenue was EUR 38,5 million. Enedo has 394 employees and its main functions are located in Finland, Italy, Tunisia and USA. The group´s head office is in Finland and parent company Enedo Oyj is listed on Nasdaq Helsinki Oy.
For more information:
Fredrik Berghel, Chairman of the Board Inission AB
+46 732 02 22 10
This information is such information that Inission AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the care of the above contact person, for publication on April 7 2021 at 18:30 CET.
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Trondheim (Norway), Lohja (Finland), Lagedi and Tallinn (Estonia). Inission is listed on Nasdaq First North Growth Market with Nordic Certified Adviser AB (email@example.com, +46 707 94 90 73) as a certified adviser. The company’s reports are archived under: www.inission.com/investor-relations
Inission AB: org.nr 556747-1890, Lantvärnsgatan 4, 652 21 Karlstad