Neo Industrial Plc Stock Exchange Release 11 January 2013 at 4.30 pm On 16 August 2012, the board of directors of Neo Industrial Plc signed a demerger plan according to which Neo Industrial Plc will partially demerge so that part of its assets and liabilities will transfer without liquidation procedure to a newly established public limited liability company, Avilon Plc. The due date of the public announcement for the creditors was 10 December 2012. Neo Industrial Plc has negotiated with the creditors opposed to the demerger. As a result of the negotiations the company and the creditors have within one month of the due date applied for postponement of the demerger process until 1 March 2013. Neo Industrial Plc Board of Directors Further information: Markku E. Rentto, Chairman of the Board, tel. +358 207 209 191 www.neoindustrial.fi Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the main list of NASDAQ OMX Helsinki Stock Exchange. Neo Industrial's business segments are Cable and Viscose Fibers.
distributed by |