Extraordinary General Meeting of Cencorp Corporation, held on September 27, 2007, decided issues related to strengthening of working capital and shareholders equity of the company

 

1.1. Directed Share Issue (Members of the Board of Directors and the Management Group)

 

Extraordinary General Meeting decided as proposed by the Board of Directors that the Company offers for subscription minimum of 2,000,000 and maximum of 4,000,000 new shares in deviation of the shareholders’ pre-emptive subscription right to the members of the Board of Directors and the Management Group of the Company.

 

The subscription price of each new share is EUR 0.34. The subscription price of the shares is recorded entirely to the fund of invested non-restricted equity.

 

 

1.2. Amending the terms and conditions of Cencorp Corporation Convertible Capital Notes 2006

 

Extraordinary General Meeting decided as proposed by the Board of Directors that the terms and conditions of the loan are amended as follows:

 

(i) The conversion rate of the loan is amended so that the conversion rate is equal to the average trading price of the shares of the Company during the 10 trading days prior to subscription of shares. The minimum conversion rate is EUR 0.34 and the maximum conversion rate is EUR 0.70. If all holders of the loan exercise their right to subscribe the shares in full, the number of shares in the Company is increased by minimum of 8.198.582 shares and maximum of 16.879.433 shares.  

(ii) The subscription price of the shares is recorded entirely to the fund of invested non-restricted equity.

 

 

at Lohja, 27 September 2007

 

Cencorp Corporation

 

BOARD OF DIRECTORS

 

For further information please contact:

Ville Parpola

Vice President, Legal Affairs

+358-40-772 64 84

 

Cencorp develops and supplies automation solutions to the electronics and semiconductor industry that enhance productivity.

 

Distribution:

Helsinki Stock Exchanges

Main media

www.cencorp.com

 

Neither  this  press  release nor any copy of  it  may  be  taken, transmitted into or distributed in the United States of America or its territories or possessions