Nasdaq Helsinki Ltd: Preliminary result of Preato Capital AB's mandatory public tender offer for all shares in Yleislektroniikka Oyj

Preato Capital AB - Public tender offer



Preliminary result of Preato Capital AB's mandatory public tender offer for all
shares in Yleislektroniikka Oyj 



Preato Capital AB

Stock Exchange Release

16 August 2019 at 11.00 am



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN,
NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE
PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. 



Preato Capital AB (the "Offeror") commenced on 24 July 2019 a mandatory public
tender offer for all the issued and outstanding shares in Yleiselektroniikka
Oyj ("Yleiselektroniikka or the "Company"), which are not held by the  Company
or any of its subsidiaries (the "Takeover Bid"). The acceptance period for the
Tender Offer commenced on 24 July 2019 at 9:30 (Finnish time) and expired on 15
August 2019 at 16:00 (Finnish time) ("Offer Period"). 



According to the preliminary result of the Tender Offer, the shares tendered in
the Tender Offer represent approximately 16.97 percent of all the issued and
outstanding shares and voting rights in the Company. The shares tendered in the
Tender Offer together with the total of 2,006,839 Yleiselektroniikka shares
acquired in public tracing on Nasdaq Helsinki Ltd and otherwise by the Offeror,
represent approximately 78.60 percent of all the issued and outstanding shares
and voting rights in the Company. 



The Offeror will confirm and  announce  the  final  result  of  the  Tender 
Offer  on  or about 19 August 2019. The settlement of the completion trades
will take place on or about 21 August 2019. 



In Helsinki, 16 August 2019

Preato Capital AB



Additional information:

Simon Hallqvist, Chairman of the Board, Preato Capital AB

Tel. [phone]



Preato Capital in brief



Preato Capital is a privately owned investment company that commenced its
operations in 2004. Preato Capital invests in majorities in established and
profitable small and medium-sized companies in the Nordic region with a proven
business model and good cash flow. Preato Capital does not have a
pre-determined holding period for its investments and it does not actively seek
exits but develops the target companies actively in the long-term in close
cooperation with their management. Preato Capital has offices in both Helsinki
and Stockholm. 



Yleiselektroniikka in brief



Yleiselektroniikka is a Finnish electronics company established in 1969. The
Company is one of Finland's most significant component and production equipment
suppliers for demanding electronics and communications applications.
Yleiselektroniikka employs over 200 people, of whom approximately 50 in
Finland. In addition to Finland, the Company has operations in the Baltic
countries and Russia. In 2018, the Company generated a turnover of 57.2 million
euros. The Company is headquartered in Espoo, where it also has a store and a
product warehouse. Yleiselektroniikka has been listed on the Helsinki Stock
Exchange since 1988. 



THIS STOCK EXCHANGE RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT
CONSTITUTE AN OFFER OR INVITATION TO MAKE A SALES OFFER. IN PARTICULAR, THIS
STOCK EXCHANGE RELEASE IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES DESCRIBED HEREIN, AND IS NOT AN EXTENSION OF THE TENDER
OFFER, IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND
OR SOUTH AFRICA. INVESTORS SHALL ACCEPT THE TENDER OFFER FOR THE SHARES ONLY ON
THE BASIS OF THE INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT. OFFERS WILL
NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER A TENDER
OFFER OR ACCEPTANCE THEREOF IS PROHIBITED BY APPLICABLE LAW OR WHERE ANY TENDER
OFFER DOCUMENT OR REGISTRATION OR OTHER REQUIREMENTS WOULD APPLY IN ADDITION TO
THOSE UNDERTAKEN IN FINLAND. 



THE TENDER OFFER IS NOT BEING MADE, AND THE SHARES WILL NOT BE ACCEPTED FOR
PURCHASE FROM OR ON BEHALF OF PERSONS, DIRECTLY OR INDIRECTLY, IN ANY
JURISDICTION WHERE THE MAKING OR ACCEPTANCE OF SUCH TENDER OFFER WOULD BE
PROHIBITED BY APPLICABLE LAWS OR REGULATIONS. WHEN PUBLISHED, THE TENDER OFFER
DOCUMENT AND RELATED ACCEPTANCE FORMS WILL NOT AND MAY NOT BE DISTRIBUTED,
FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY
APPLICABLE LAWS OR REGULATIONS. IN PARTICULAR, THE TENDER OFFER IS NOT BEING
MADE, DIRECTLY OR INDIRECTLY, IN OR INTO, (INCLUDING BY USE OF, OR BY ANY MEANS
OR INSTRUMENTALITY, INCLUDING WITHOUT LIMITATION E-MAIL, POST, FACSIMILE
TRANSMISSION, TELEPHONE OR INTERNET, OF INTERSTATE OR FOREIGN COMMERCE, OR ANY
FACILITIES OF A NATIONAL SECURITIES EXCHANGE) THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA. ANY PURPORTED ACCEPTANCE
OF THE TENDER OFFER RESULTING DIRECTLY OR INDIRECTLY FROM A VIOLATION OF THESE
RESTRICTIONS WILL BE INVALID. 



Disclaimer



Taaleri Kapitaali Oy ("Taaleri") is acting as financial adviser to the Offeror
in connection with the Tender Offer. It will not regard any other person as its
client in relation to the Tender Offer and will not be responsible to anyone
other than the Offeror for providing the protection afforded to clients of
Taaleri nor for providing advice in relation to the Tender Offer.