IIN Inion Oy

    RNS Number : 5424Z
  Inion Oy
  21 July 2008
   

    Inion Oy
    "Inion or the "Company")

    Notice of Extraordinary General Meeting

    Tampere, Finland and Guildford, UK. 21 July 2008, The shareholders of Inion Oy (LSE: IIN) are hereby invited to the Extraordinary
General Meeting (EGM) of Inion Oy to be held on 13 August 2008 at 11.00 a.m. (Finnish time) at the Company's headquarters at Lkinkatu 2,
Tampere, FI-33520, Finland. Attendees are invited to arrive for registration from 10.00 a.m. (Finnish time).

    The meeting will consider the following matter:

    Election of Mr Ian Paling as member of the Board of Directors

    As proposed by the Company's Nomination Committee, Mr Ian Paling be elected as a new member of the Board of Directors and that the Board
of Directors appoint him as the new Chairman of the Board of Directors. Following election, the Board of Directors shall consist of eight
(8) ordinary members. 

    The meeting materials

    The complete proposals by the Board of Directors and other documents required by the Companies Act are on display for the shareholders'
inspection during a period of one week before the meeting on the Company's website at the address www.inion.com and also at the Company's
headquarters in Tampere at Lkinkatu 2, FI-33520 Tampere, Finland. Copies of the documents are sent to the shareholder upon request. 

    The right to attend the meeting

    Only those shareholders who are registered as shareholders of the company in the Company's register of shareholders kept by the Finnish
Central Securities Depository (Suomen Arvopaperikeskus Oy) on 1 August 2008 will be entitled to attend the EGM (in person or by proxy).

    Notice of attendance

    A shareholder who wishes to attend the EGM, either in person or by proxy, must give notice to the company by 8 August 2008 at 4 p.m.
(Finnish time). This can be done to Ms. Sanna H�lnen either by e-mail to the address sanna.hamalainen@castren.fi, by facsimile to the number
+ 358 20 7761 344 or by mail to Castr & Snellman Attorneys Ltd, Sanna H�lnen P.O. Box 233, FI-00131, Helsinki, Finland.

    Eventual proxies for representing a shareholder at the meeting must be delivered to the company at the address of Castr & Snellman
Attorneys Ltd above on 8 August 2008 at 4 p.m. (Finnish time) at the latest.

    Temporary entry in the register of shareholders

    Crest Depository Interests

    A holder of Crest Depository Interests who wishes to attend the EGM in person or by proxy shall notify this to Computershare Investor
Services PLC in accordance with the instructions sent by Computershare Investor Services PLC separately to each holder of Crest Depository
Interests.

    Other shares registered in the name of a nominee

    A holder of shares registered in the name of a nominee who intends to use his/her/its right to attend the extraordinary general meeting
shall notify this to the custodian in accordance with the instructions given by the custodian.
     
Tampere, on 21 July 2008
    INION OY
    THE BOARD OF DIRECTORS

    -ends-

    For further information, please contact:

 Inion Oy                 Tel: +44 (0)1483 685390
 Gran Ando, Chairman
 Chris Lee, Chief
 Executive Officer
 Julien Cotta, Chief
 Financial Officer
  
 Citigate Dewe Rogerson    Tel: +44 (0)207 638 9571
 Mark Swallow / David                              
 Dible

    About Ian Paling

    Mr Paling (56) is a highly regarded businessman with more than 30 years' senior management and Board-level experience. Most recently, he
was CEO of Corin Group PLC (LSE: CRG), a world leader in the development, manufacture and distribution of a wide range of reconstructive
orthopaedic devices (2002-2007), and was previously Group Managing Director (1994-2002). During his time at Corin, Mr Paling was
instrumental in its growth from a small private business into an internationally recognised and successful player in the global orthopaedics
sector with a strong presence in most of the world's most important markets.

    Prior to this Mr Paling, who has a B.Sc. and M.Sc. in metallurgy, worked for ten years in senior management roles for several suppliers
of orthopaedic devices to industry.

    Mr Paling was awarded the Ernst & Young Entrepreneur of the Year Award for the Southern Region for 2006 and was voted LSE Mediscience
Chief Executive of the Year in 2008.

    Mr Paling was appointed as a Non-Executive Director of Metalrax Group PLC (LSE: MRX) in April 2008 and is also a Non-Executive Director
of the private UK company Sphere Medical Holdings PLC.

    Inion confirms that no further information is disclosable in relation to the appointment of Ian Paling pursuant to the requirements of
UK Listing Rule 9.6.13.

    About Inion (www.inion.com)
    Inion Oy is a medical devices company focused on the development and successful commercialisation of innovative and unique biodegradable
and bioactive surgical implants in selected high value orthopaedic market segments. 

    Inion's core expertise and technology lies in the design and manufacture of innovative biodegradable plates, screws, pins and membranes,
which are used to enhance the healing of bone or soft tissue injuries to the skeleton, such as those caused by trauma or by reconstructive
surgery. Inion implants are made from its proprietary Inion Optima* family of biomaterials, with properties tailored for specific surgical
applications, in terms of strength, flexibility and rate of degradation
     
Inion is also focused on developing proprietary new bioactive and biodegradable biomaterials that promote bone healing and accelerate
patient rehabilitation.

    Inion was incorporated in early 2000 and listed on the Official List of the UK Listing Authority in December 2004 (ticker: IIN). The
Company has offices in the UK and USA, and its head office, R&D and production facilities are in Tampere, Finland.

    This announcement includes "forward-looking statements" which include all statements other than statements of historical facts,
including, without limitation, those regarding the Group's financial position, business strategy, plans and objectives of management for
future operations (including development plans and objectives relating to the Group's products), and any statements preceded by, followed by
or that include forward-looking terminology such as the words "targets", "believes", "estimates", "expects", "aims", "intends", "will",
"can", "may", "anticipates", "would", "should", "could" or similar expressions or the negative thereof. Such forward-looking statements
involve known and unknown risks, uncertainties and other important factors beyond the Group's control that could cause the actual results,
performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group
will operate in the future. Among the important factors that could cause the Group's actual results, performance or achievements to differ
materially from those in forward-looking statements include those relating to Inion's funding requirements, regulatory approvals, reliance
on third parties, intellectual property, key personnel and other factors. These forward-looking statements speak only as at the date of this
announcement. The Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking
statements contained in this announcement to reflect any change in the Group's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based. As a result of these factors, prospective investors are cautioned not to
rely on any forward-looking statement.


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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