Based on the share issue authorisation granted by the Annual General Meeting held on 27 April 2023, the Board of Directors of Incap Corporation (the “Company” or “Incap”) has resolved today on an issue of 152 379 new shares in the Company to the Company itself without consideration. The new shares are of the same class as the Company’s other shares.
The shares issued will be used for the partial payment of the purchase price of the acquisition of Pennatronics Inc. which was announced by the Company earlier today on 3 July 2023.
After the registration of the new shares, the total number of shares in the Company is 29 437 214.
The new shares shall grant shareholder rights in the Company from the moment of their registration. The new shares are to be registered in the trade register and the book-entry system managed by Euroclear Finland Oy on or about 6 July 2023. The new shares will be admitted to public trading on or about 7 July 2023.