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2020-08-12

Enedo has agreed on a new stand-still period with main financier bank and Jussi Capital

Enedo Plc      Stock Exchange Release August 12, 2020 at 5:00 p.m.

Enedo has agreed on a new stand-still period with main financier bank and Jussi Capital


In the financial statement release and annual report of 2019, the group communicated plans to realign its debt financing by the summer 2020. The goal of the rearrangement is to create adequate resources for implementation of the new strategy and to increase efficiency of its capital utilization.

As part of the planned financial arrangement, company has today agreed on a new stand-still period regarding parent company loans until 30.6.2021 with its main financier bank and Jussi Capital. The previous stand-still agreement period ended on 30.6.2020.

ENEDO PLC

Vesa Leino                         
President and CEO              

For further information please contact Mr. Vesa Leino, CEO, tel. +358 40 759 8956.

DISTRIBUTION

Nasdaq Helsinki Ltd
Principal media


Enedo
Enedo is a European designer and producer of high-quality electronic power supplies and systems for critical equipment even in the most demanding environments. Enedo´s mission is to make electricity better – more reliable, more secure, more energy efficient – and just right to fit its purpose. Enedo´s three main product categories are Led Drivers, Power supplies and Power Systems. In 2019 the group´s revenue was EUR 43,3 million. Enedo has 394 employees and its main functions are located in Finland, Italy, Tunisia and USA. The group´s head office is in Finland and parent company Enedo Oyj is listed on Nasdaq Helsinki Oy.

www.enedopower.com

Författare Enedo Plc

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