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The offer period of the mandatory public tender offer for all shares in Incap Corporation (“Incap”) made by Inission AB (“Inission”) has expired on 30 January 2015.

Inission has been the largest shareholder in Incap since 2013 when it acquired approximately 26.12 per cent of all shares of Incap.

On 11 December 2014 Inission increased its ownership to 30.27 per cent of all Incap shares and related voting rights.

On 22 December 2014 Inission acquired 7,684,615 Incap shares from Varma Mutual Pension Insurance Company after which Inission owns 40,707,563 Incap shares corresponding approximately to 37.31 per cent of all Incap shares and related voting rights.

Pursuant to the final result of the tender offer, the number of shares tendered in the tender offer during the offer period total to 3,865,447 Incap shares representing approximately 3.54 per cent of all the shares and votes in Incap. Thus, after the execution trades of the shares validly tendered in the tender offer have been made, the total ownership of Inission of all the shares and votes in Incap will in total be approximately 40.85 per cent.

The sale and purchase of the shares validly tendered in accordance with the terms and conditions of the Tender Offer will be executed approximately on 4 February 2015 (the ”Execution Date”) on NASDAQ OMX Helsinki.  Settlement will be effected on or about the second (2nd) Finnish banking day following the above mentioned execution trades (the “Settlement Date”). The payment of the offer price will be deposited on the Settlement Date into the bank account connected to the shareholder’s book-entry account or, in the case of shareholders whose holdings are registered in the name of a nominee, into the bank account specified in the acceptance form. If the bank account of a tendering shareholder is with a different banking institution than such holder’s book-entry account, the offer price will be paid, in accordance with the schedule of money transactions between banking institutions, to the shareholder’s bank account so that it is on the shareholder’s bank account approximately two (2) Finnish banking days following the Settlement Date.

Inission AB

THE BOARD OF DIRECTORS

 

For additional information:
Fredrik Berghel, Member of the Board of Directors
+46 73 20 22 210
fredrik.berghel@inission.com

Inission AB is a Swedish contract manufacturer in electronics offering custom-made manufacturing and logistic services related to industrial electronics particularly for equipment in the field of medical technology, data communications, automotive and marine industry as well as measurement and control technology. The revenue of Inission for the financial period ended on 31 December 2013, was approximately 300 million Swedish crowns (approximately EUR 32 million) and it employs approximately 190 people in Sweden and Estonia.