FINNVERA PLC'S GUARANTEE FOR THE FINANCING FACILITIES BETWEEN CENCORP AND DANSKE BANK PLC WILL BE EXTENDED
(OMX Via Acquire Media NewsEdge)
Cencorp Corporation Stock Exchange
Relase 27 June 2014 at 17.30 Finnish time
FINNVERA PLC’S GUARANTEE FOR THE FINANCING FACILITIES BETWEEN CENCORP AND
DANSKE BANK PLC WILL BE EXTENDED
Cencorp Corporation ("Cencorp") has approved Finnvera Plc’s quotation for
extending the guarantee for the financing facility agreement between Cencorp
and Danske Bank Plc until 31 March 2015. As a result of the extension of
Finnvera Plc’s guarantee, the financing facility agreement between Cencorp and
Danske Bank Plc is effective until 31 March 2015 as previously announced.
The extension of the maturity dates of a loan of some EUR 1.2 million, granted
to Cencorp by Savcor Group Oy in 2009 and converted into a convertible bond on
25 May 2010, and of a loan of EUR one million from Savcor Invest B.V , until 31
March 2015 has been subject to extending the financing facility agreement
between Cencorp and Danske Bank Plc until 31 March 2015. At the share issue
with subscription period ending on 24 January 2014 Savcor Group Oy subscribed
Cencorp shares for the total amount of the loan. The loan period of the loan
from Savcor Invest BV is extended until 31 March 2015 as previously announced
as Danske Bank’s financing facility agreement will be effective until 31 March
In Mikkeli, 27 June 2014
Board of Directors
For more information, please contact:
Iikka Savisalo, President and CEO, tel. +358 40 521 6082,
NASDAQ OMX, Helsinki
Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's customers are manufacturers of automotive
electronics, mobile phone antennas and photovoltaic modules as well as
manufacturers operating in telecommunications and in industrial automation.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.
Copyright © 2014 OMX AB (publ).
Copyright © 2014 OMX AB (publ)
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