Aldata Solution Oyj STOCK EXCHANGE RELEASE 28 October 2011 at 4.45 p.m. (EET) ALDATA SOLUTION OYJ: BREACH OF BANKING COVENANT DUE TO CHANGE IN CONTROL Symphony Technology II-A, L.P. has gained control of Aldata Solution Oyj (Aldata) which has resulted in a breach of a banking covenant. Furthermore, it is probable that Aldata shares will be delisted from NASDAQ OMX Helsinki Ltd. Due to the above Aldata's bank has decided to terminate most of its agreements with the Company. The agreements will fall due mainly on 31 March 2012, although part of the short-term credit facilities falls due 31 December 2011. Aldata has not breached any financial banking covenant and will pursue refinancing negotiations for the agreements terminated. Helsinki, October 28, 2011 Aldata Solution Oyj Further information: Graham Howell, CFO, tel. +33 633 057 620 About Aldata Aldata is a global leader in retail and distribution optimization. Our software and service solutions help retailers, distributors and manufacturers dramatically improve their business performance. We optimize categories, space, supply, logistics, and consumer engagement to increase our customers' revenue and margins, reduce time, cost and waste, and enhance on-shelf availability, service, and retention. Founded in 1988, Aldata has an unparalleled track record of delivering successful projects for the world's largest retail and consumer brands, national wholesale and distribution organizations, and regional store chains. Aldata Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the identifier ALD1V. Discover more about Aldata's customers, our solutions, and the multi-skilled global team that supports them at www.aldata.com Distribution: NASDAQ OMX Helsinki Ltd Media www.aldata.com [HUG#1559179]
ALDATA SOLUTION OYJ: BREACH OF BANKING COVENANT DUE TO CHANGE IN CONTROL
| Quelle: Aldata Solution Oyj