Leipurin Plc applies for listing on the NASDAQ OMX Helsinki Ltd

ASPO PLC / LEIPURIN PLC   STOCK EXCHANGE RELEASE 20 November 2014 at 01.30

Not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, New Zealand, Hong Kong, South Africa, Singapore or Japan or any other jurisdiction in which the distribution or release would be unlawful.

LEIPURIN PLC APPLIES FOR LISTING ON THE Nasdaq OMX HELSINKI LTD

The Board of Directors of Leipurin Plc ("Leipurin" or the "Company"), and the Board of Directors of its sole shareholder Aspo Plc ("Aspo"), have decided on 19 November 2014 to apply for listing of the shares in Leipurin on the Official List of NASDAQ OMX Helsinki Ltd ("Helsinki Stock Exchange") as previously announced. Leipurin and Aspo will separately announce about the share issue and the share sale (together the "Offering") related to the listing. The subscription price range of the shares offered for subscription in the Offering is preliminarily EUR 2.10 - 2.60 per share. The maximum amount of new shares of the Company to be issued in the Offering is 2,128,000 shares and the maximum amount of shares of the Company to be sold is 11,313,000 shares. Trading in Leipurin's shares on the Prelist of the Helsinki Stock Exchange is expected to commence on or about 9 December 2014 and on the Official List on or about 11 December 2014.

The Company has submitted a prospectus related to the Offering and the planned distribution of dividends as shares of Leipurin to be approved by the Finnish Financial Supervisory Authority. The prospectus is expected to be approved on or about 20 November 2014. The subscription period for the Offering will commence on or about 24 November 2014 at 9.30 a.m. (Finnish time) and end at the latest on 5 December 2014 at 4.30 p.m. (Finnish time).

Leipurin will on 20 November 2014 submit a listing application to Helsinki Stock Exchange to list the shares of the Company.

The Board of Directors of Aspo proposes to the Extraordinary Shareholders' Meeting of Aspo to be held on 11 December 2014 that the Board of Directors of Aspo shall be authorised to distribute dividend a maximum amount of EUR 0.25 per share to its shareholders, either to be distributed in shares in Leipurin, in cash or as a combination of them.

Pohjola Bank Plc acts as the Lead Manager of the Offering. Attorneys at law Borenius Ltd acts as the legal advisor of the Offering. Ernst & Young Oy acts as the auditor of Aspo and Leipurin.

ASPO PLC
Board of Directors

LEIPURIN PLC
Board of Directors

Further information:
Aki Ojanen, CEO Aspo Plc, +358 9 5211, +358 400 106 592
aki.ojanen(a)aspo.com
Paul Taimitarha, CEO Leipurin Plc, +358 9 52170, +358 400 699 788
paul.taimitarha(a)leipurin.com

Aspo is a conglomerate that owns and develops business operations in northern Europe and growth markets, focusing on demanding B-to-B customers. Our strong company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be the market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these. Together they generate Aspo's goodwill. Aspo's Group structure and business operations are continually developed without any predefined schedules.

Leipurin serves the bakery industry and other food industry by providing product development services, raw materials needed for baking, and equipment from individual machines to full-scale baking lines. Leipurin operates in Finland, Russia, the Baltic countries, Poland, Ukraine, Belarus, and Kazakhstan. The operations in Russia geographically cover all important regions. In its procurement operations, Leipurin operates both internationally and by developing local procurement. In 2013, Leipurin's net sales were EUR 136 million. www.leipurin.com  

DISTRIBUTION:
Nasdaq Helsinki
Key media
www.aspo.com
www.leipurin.com

DISCLAIMER:

The information contained in this stock exchange release shall not constitute an offer to sell or the solicitation of an offer to buy the securities referred to herein. Any potential decision to invest in the securities mentioned herein, either through subscription or purchase, shall be exclusively based on the prospectus published in connection with such offer, and not on this stock exchange release.

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, New Zealand, South Africa, Hong Kong, Singapore or Japan or any other jurisdiction in which according to applicable registration the distribution or release would be unlawful. This release does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. The company does not intend to register any portion of the possible offering in the United States or to conduct a public offering of securities in the United States.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aspo Oyj via Globenewswire
HUG#1872881