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Etteplan Oyj cancels the Extraordinary General Meeting scheduled to be held on October 19, 2022

Etteplan Oyj cancels the Extraordinary General Meeting scheduled to be held on October 19, 2022

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ETTEPLAN OYJ, Stock Exchange Release, October 7, 2022 at 10 a.m. EEST

Etteplan Oyj cancels the Extraordinary General Meeting scheduled to be held on October 19, 2022

The Board of Directors of Etteplan Oyj has decided to cancel the Extraordinary General Meeting of Etteplan Oyj scheduled to be held on October 19, 2022. The invitation to the Extraordinary General Meeting was published as a stock exchange release on August 23, 2022.

Etteplan Oyj announced on August 23, 2022 its plans for a rights offering to raise funds to repay a part of the funding of the recommended public cash offer made to the shareholders of Semcon AB, and the Extraordinary General Meeting was convened to decide on the required authorization for the rights offering.

Etteplan Oyj announced on October 7, 2022 that following the end of the acceptance period of its offer on October 6, 2022, Etteplan Oyj’s offer has not been accepted to such extent that Etteplan Oyj would become the owner of more than 90 percent of the total number of outstanding shares in Semcon AB, and therefore the conditions for the completion of the offer are not fulfilled. Thus, the Board of Directors of Etteplan Oyj has resolved to stop the planning of the rights offering and cancels the Extraordinary General Meeting.

In Espoo, October 7, 2022

Etteplan Oyj

Board of Directors
 

Additional information:
Juha Näkki, President and CEO, +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302

 

DISTRIBUTION
Nasdaq Helsinki
Major media

www.etteplan.com



 

Etteplan in brief

We are a rapidly growing technology service company specializing in software and embedded solutions, engineering solutions, and technical documentation solutions. We are a forerunner in the engineering industry and we differentiate ourselves by the wide-ranging competence of our experts. Our customers include world’s leading companies in the manufacturing industry. We help them to create a better world through engineering, innovation and digitalization.

Etteplan has lead the way in the engineering field already since 1983. In 2021, we had a turnover of EUR 300.1 million. The company currently has over 4,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com