Efore has received a waiver on breach of covenant of loan

Released:
 03.August 2017

Category:
 Inside information

Espoo, Finland, 2017-08-03 17:00 CEST (GLOBE NEWSWIRE) -- Efore Plc     Stock Exchange Release   August 3, 2017        at 18:00 p.m.


Efore Plc has negotiated with the financier and the company received a waiver on the breach of one covenant on August 2, 2017 concerning the measurement point at the end of June 2017. Next measurement point for covenants will be December 31, 2017.


EFORE PLC

Jorma Wiitakorpi
President and CEO

For further information please contact Mr. Jorma Wiitakorpi, CEO, tel. +358 40 175 8510.

DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media


Efore is an international Group which develops and produces demanding power products. Efore's head office is based in Finland and its R&D functions are located in Finland, Sweden, Italy and China. Sales and marketing operations are located in Europe, United States and China. In the financial year ending in December 2016, consolidated net sales totalled EUR 75.4 million and the Group's personnel averaged 679. The parent company's share is quoted on the Nasdaq Helsinki Ltd.www.efore.com

 

Contact Details

Company Address: Efore Plc Quartetto Business Park Linnoitustie 4B 02600 ESPOO FINLAND