ALMA MEDIA HOLDS 50.06 % OF POHJOLAN SANOMAT OYJ SHARES
ALMA MEDIA CORPORATION STOCK EXCHANGE BULLETIN 2 October 1998, at 12.00 am ALMA MEDIA HOLDS 50.06 % OF POHJOLAN SANOMAT OYJ SHARES Alma Media Groups holding of Pohjolan Sanomat Oyj shares has risen to over 50 %. Alma Media Group currently holds 50.06 % of the Pohjolan Sanomat Oyj shares. This holding represents 35.48 % of the voting rights carried by all the shares. On 10 September 1998 Puossakka Oy, an Alma Media subsidiary, made a public offer to buy all the shares of Pohjolan Sanomat Oyj. Puossakka Oy is a registered shareholder of Pohjolan Sanomat Oyj. The offer commenced on 21 September 1998 and it will remain in force until 31 October 1998. Before the offer was made, the Alma Media Group owned 45.0 % of Pohjolan Sanomat Oyjs shares, which represented 30.0 % of the voting power in the company. During the offer period Puossakka Oy has bought altogether 20,570 A shares and 41,453 K shares, each for a price of FIM 32 per share. The Alma Media Group currently holds 358,450 A shares and 255,274 K shares. If the Alma Media Groups holding increases during the offer period to at least one-third of all the Pohjolan Sanomat Oyj shares, it will pay a premium of FIM 8 per share to all shareholders selling their shares to Poussakka Oy during the offer period. ALMA MEDIA OYJ Ahti Martikainen Vice President, Corporate Communications Distribution: Helsinki Stock Exchange Principal media
- Date: 2.10.1998, 08:00
- News type: Stock exchange release
Release subscription form
NOTE. If you fill in your phone number, you will automatically receive the subtitles of the releases also as SMS. If you do not wish to receive SMS's from Alma Media, simply leave the phone number field empty.