NOTIFICATIONS OF CHANGE OF OWNERSHIP, RESULT OF PUBLIC OFFER AND PURCHASE OBLIGATION AS REQUIRED BY THE FINNISH SECURITIES MARETS ACT
ALMA MEDIA CORP.STOCK EXCHANGE BULLETIN 1 DEC.1998,AT 12.00 1/2 NOTIFICATIONS OF CHANGE OF OWNERSHIP, RESULT OF PUBLIC OFFER AND PURCHASE OBLIGATION AS REQUIRED BY THE FINNISH SECURITIES MARKETS ACT Alma Media Groups ownership of Pohjolan Sanomat Oyjs voting rights exceeded 2/3rds of the total on 30 October 1998, which means that Alma Media Group is required to offer to purchase all the shares of Pohjolan Sanomat Oyj. In accordance with Chapter 2, Section 9 of the Finnish Securities Markets Act, we hereby notify the Financial Supervision Authority of Finland, Pohjolan Sanomat Oyj and the Helsinki Exchanges that Alma Media Groups ownership of the voting rights of Pohjolan Sanomat Oyj exceeded two-thirds of the total on 30 October 1998, which means that Alma Media Group is required to offer to purchase all the remaining shares of Pohjolan Sanomat Oyj. The public offer and its terms will be published within one month, as required by Chapter 6, Section 6 of the Securities Markets Act. Alma Media Groups subsidiary Puossakka Oy made a public offer to purchase the shares of Pohjolan Sanomat Oyj in September 1998. The offer began on 21 September 1998 and expired on 30 November 1998. Prior to the offer, Alma Media Group held 337,880 A shares and 213,821 K shares in Pohjolan Sanomat Oyj, which represented 45.0 % of the stock and 30.0 % of the voting rights in the company. Prior to the offer, all the A shares owned by Alma Media Group were held by the Groups wholly owned subsidiary Plauttus Oy and all the K shares owned by Alma Media Group were held by the Groups wholly owned subsidiary Puossakka Oy. In accordance with Chapter 6, Section 4 of the Securities Markets Act we hereby preliminary announce that during the period of the public offer, from 21 September 1998 to 30 November 1998, Alma Media Groups wholly owned subsidiary Puossakka Oy purchased a total of 121,720 A shares of Pohjolan Sanomat Oyj in altogether 258 separate transactions, and 284,472 K shares in altogether 1,340 separate transactions. Following the expiry of the offer period Alma Media Groups holding of Pohjolan Sanomat Oyj shares and their distribution was as follows: Number of% of % of shares stock votes Plauttus Oy A 337,880 27.56 % 2.19 % Puossakka Oy A 121,720 9.93 % 0.79 % Puossakka Oy K 498,293 40.65 % 64.72 % Total 956,873 78.14 % 67.70 % The share capital of Pohjolan Sanomat Oyj comprises 1,225,939 shares divided into 480,000 A shares and 745,939 K shares, carrying altogether 15,398,780 votes. The A shares carry one vote per share and the K shares 20 votes per share. Plauttus Oy and Puossakka Oy are wholly owned subsidiaries of Alma Media Group. Pohjolan Sanomat Oyj has been a subsidiary of Alma Media Group since 29 October 1998. Alma Media Corporation Registered office: Helsinki, Trade Register No. 733.068 Pohjolan Sanomat Oyj Registered office: Rovaniemi, Trade Register No. 43.311 Puossakka Oy Registered office: Helsinki, Trade Register No. 457.532 Plauttus Oy Registered office: Helsinki, Trade Register No. 596.965 ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporate Communications Distribution: Helsinki Exchanges Principal Media
- Date: 1.12.1998, 08:00
- News type: Stock exchange release
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