EFORE PLC Stock Exchange Release 3 May 2018 at 4.00 p.m.
Resolutions of the Extraordinary General Meeting of Efore Plc
The Extraordinary General Meeting of Efore Plc was held on 3 May 2018 at 1 p.m. in Espoo.
The Extraordinary General Meeting resolved on the proposal of the Board of Directors to authorise the Board of Directors to decide on a share issue according to the pre-emption rights of shareholders.
The authorisation entitles the Board to issue a maximum of 390,410,237 shares. The share issue may be implemented by issuing new shares or transferring shares now in possession of the company. The Board can use the authorisation in one or more parts. The Board of directors was authorised to decide on any other conditions of the issuance of shares.
The authorisation is valid until 31 December 2018. The authorisation does not revoke any prior authorisations granted to the Board of Directors.
The minutes of the Extraordinary General Meeting will be available at the company’s website as of 17 May 2018 at the latest.
EFORE PLC
Board of Directors
For further information please contact Mr. Jorma Wiitakorpi, CEO, tel. +358 40 175 8510.
DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media
Efore-group
Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its R&D functions are located in Finland, Sweden, Italy and China. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2017, consolidated net sales totalled EUR 69,9 million and the Group's personnel averaged 432. The company's share is quoted on the Nasdaq Helsinki Ltd.www.efore.com