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Exel Composites Oyj — M&A Activity 2010
Jan 8, 2010
3315_rns_2010-01-08_13a30812-272e-47e6-8b3f-0a24a8492e20.html
M&A Activity
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Disclosure 275032
Exel Composites Oyj - Company Announcement
Exel Composites Plc's subsidiary merger entered into Trade Register
EXEL COMPOSITES PLC STOCK EXCHANGE ANNOUNCEMENT 8.1.2010 at 12.30 EXEL COMPOSITES PLC'S SUBSIDIARY MERGER ENTERED INTO TRADE REGISTER The merger of Exel Sports Oy (Business ID 1955851-4) into its parent company Exel Composites Plc (Business ID 1067292-7) was entered into the Finnish Trade Register on 31 December 2009. Exel Sports Oy's assets and liabilities were transferred to the parent company Exel Composites Plc without liquidation. No merger consideration was paid for the merger, as the parent company owned all of the shares of the merging company. The merger did not cause any amendments to Exel Composite Plc's Articles of Association. The reason for the merger was the clarification of the company structure. Vantaa, 8 January 2010 Exel Composites Plc Vesa Korpimies President and CEO Further information: Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590 6754, or email [email protected] Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553, or email [email protected] DISTRIBUTION NASDAQ OMX Helsinki Ltd. Main news media www.exelcomposites.com EXEL COMPOSITES IN BRIEF Exel Composites is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications. The Group is the leading composite profile manufacturer in the world and concentrates on growing niche segments. The core of the operations is based on own, internally developed composite technology, product range based on it and a strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel's expertise and high level of technology play a major role in Exel Composites' operations. Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX Helsinki Ltd.