Finnish Industry becomes company shareholder by investing €1.4 million
By Devika Patel
Knoxville, Tenn., Sept. 30 - Incap Corp. said it sold the maximum allotted amount of shares in a private placement.
The company sold 4.5 million shares at €0.64 each to multiple investors, including insiders.
In connection with the placement, Finnish Industry Investment Ltd. became a new shareholder of the company by buying 2,185,509 shares. Of the biggest shareholders, Oy Etra Invest Ab bought 1 million shares and Oy Ingman Finance Ab bought 224,600 shares while other shareholders bought a total of 368,568 shares. The board members and the president and chief executive together bought 721,323 new shares.
"The directed share issue succeeded well and strengthened our company's capital and financing structure in line with the target," Incap's president and chief executive officer Sami Mykkänen stated.
"Finnish Industry Investment Ltd. is most welcome as one of the biggest shareholders and gives certain stability to future development of Incap."
Incap is an electronics manufacturer based Oulu, Finland.
| Issuer: | Incap Corp.
|
| Issue: | Shares
|
| Amount: | €2.88 million
|
| Shares: | 4.5 million
|
| Price: | €0.64
|
| Warrants: | No
|
| Investors: | Finnish Industry Investment Ltd. (for €1,398,726), Oy Etra Invest Ab (for €640,000) ,Oy Ingman Finance Ab (for €143,744)
|
| Settlement date: | Sept. 30
|
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