Source: Innofactor Oyj

September 22, 2015 01:30 ET

Innofactor Personnel Issue Oversubscribed

Innofactor Plc Stock Exchange Release September 22, 2015, at 8:30 Finnish time

The Board of Directors of Innofactor Plc has today accepted subscriptions of 800,000 new shares in Company’s personnel issue. Subscription undertakings were submitted for 963,356 shares in total, which exceeded the offered 800,000 shares by 20.42 percent.

“The subscription of personnel issue in full, in a moment where the stock market has been in quite a turbulence, shows the commitment of our management and personnel to our business and strategy”, states the founder, main owner and CEO of Innofactor Sami Ensio. “I am very pleased with the end result of the personnel issue.”

The Board of Directors of Innofactor Plc decided on June 29, 2015 on a share based incentive plan on the basis of an authorization granted by the General Meeting of Shareholders, for all Innofactor Group’s personnel in order to engage the personnel to the Company and its goals. Key conditions of the issue were informed in a stock exchange release on June 30, 2015.

As a result of the personnel issue the number of Innofactor’s shares will increase with 800,000 shares to total of 33,453,737 shares. The new shares will correspond to 2.39 percent of Innofactor Plc’s post-issue share capital and votes. The subscription price was 0.783 per share.

The subscription price will be credited as an increase in the Company’s fund for invested unrestricted equity.

The new shares will be registered in the Trade Register without delay. Trading with the issued personnel shares on the Helsinki Stock Exchange (NASDAQ OMX) is estimated to start on September 30, 2015.

INNOFACTOR PLC

Board of Directors

Further information:

Sami Ensio, CEO Innofactor Plc Tel. +358 50 584 2029

Distribution:

NASDAQ OMX Helsinki Main media www.innofactor.com

About Innofactor Plc Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. Innofactor’s own product development is focused on Microsoft’s Azure based cloud solutions. Innofactor's customers include about 1,000 private and public sector organizations in Finland, Denmark, Sweden and elsewhere in Europe. The company has about 400 motivated and skilled employees in a number of locations in Finland, Denmark, and Sweden. From 2010 to 2014, Innofactor's annual net sales growth has been 45 percent on average. Innofactor was recognized as a winner for 2015 Microsoft Finland Partner of the Year and finalist for two global Public Sector categories. The Innofactor Plc is listed in the technology section of the main list of NASDAQ OMX Helsinki.