NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE 25 October, 2011 at 10.15 am
NEO INDUSTRIAL CONSIDERS ISSUING A CONVERTIBLE BOND
Neo Industrial Plc is considering the issuance of a convertible bond to diversify its funding base, extend its debt maturity profile and improve its liquidity position.
Neo Industrial will disclose more information on the matter once the company’s Board of Directors decides upon the potential convertible bond issuance.
Neo Industrial Plc
Markku E. Rentto
Managing Director
Neo Industrial Plc'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 B shares are listed on the NASDAQ OMX Helsinki Stock Exchange.
Neo Industrial’s business segments are Cable (Reka Cables, Expokabel, Nestor Cables), Viscose Fibers (Avilon) and Single Family Housing (Finndomo).