MERGER PROSPECTUS OF AAMULEHTI CORPORATION AND MTV OY

AAMULEHTI CORPORATION STOCK EXCHANGE BULLETIN 1(18) 6 June 1997, 13.00 local time MERGER PROSPECTUS OF AAMULEHTI CORPORATION AND MTV OY The Merger Prospectus will be published and sent to the shareholders of the two companies during week 24. Hitherto unpublished material contained in the Prospectus comprises the Report by the Boards of Directors on Matters which may be Significant when Considering the Approval of the Merger Agreement, the Merger Agreement itself, and the Proposal for the Articles of Association of the New Company. AAMULEHTI CORPORATION Ahti Martikainen Vice President, Corporate Communications Distribution: Helsinki Stock Exchange Principal media ENCLOSURES 1. Report by the Boards of Directors on Matters which may be Significant when Considering the Approval of the Merger Agreement 2. Merger Agreement 3. Proposal for the Articles of Association of Alma Media Oyj ENCLOSURE I REPORT BY THE BOARDS OF AAMULEHTI CORPORATION AND MTV OY ON MATTERS WHICH MAY BE SIGNIFICANT WHEN CONSIDERING APPROVAL OF THE MERGER AGREEMENT The merger of Aamulehti Corporation and MTV Oy will produce one of the largest and most widely diversified communications companies in the Nordic countries. Its core businesses will be publishing, television and radio broadcasting, and printing. The new corporation will also play a pioneering role in the development of new media in Finland. Based on the annual accounts for 1996, it will have consolidated net sales in excess of FIM 2.6 billion, some 3,800 employees and a solvency ratio of 45 %. In their respective fields Aamulehti Corporation and MTV Oy complement each other well. The purpose behind this strengthening of resources is to retain and sharpen the competitive edge of the two companies in the face of the very substantial changes now taking place in the communications markets. The biggest long-term benefits are expected to be new products and services emerging from the combination of different forms of media. The merger is subject to the granting of official approvals and operating licences. This will mean keeping the licences granted to MTV Oy on 2 September 1993, to Oy Suomen Uutisradio Ab on 26 September 1996 and to the local radio stations owned by Alexpress Oy in force. Several methods and different organizations were employed to evaluate the values of the stocks of the two companies when determining the share conversion ratios. In the case of the Aamulehti Corporation shares, the main criterion was the price quoted on the Helsinki Stock Exchange in the weeks immediately preceding the approval of the merger agreement, although consideration was also given to whether there existed any special factor making it necessary to deviate from the market value of the Aamulehti Corporation shares on the stock exchange. This analysis produced no special grounds for deviating from the procedure to use the market value of Aamulehti Corporation as the starting point for determining the conversion ratio. The value of the MTV Oy shares was based on the current value of future cashflows and on methods relying on the market values of comparable companies listed on other stock exchanges. When determining future cashflows special attention was paid to three factors having an especially significant impact on MTV’s value:the increase of TV advertising in Finland, the effect of competition of MTV’s market shares, and the public service charge due to the Finnish Broadcasting Company in the future. All the methods used arrived at very similar stock values. The value of MTV Oy, which is not a publicly listed company, was determined by various consultants employed by both companies during the merger process. The values reached by these consultants were very close to each other. Furthermore, the Boards of Directors of both companies requested a Fairness Opinion on the fairness of the conversion ratio from another independent party. This opinion is attached to the merger agreement. The Boards of Directors of the two companies consider the merger of Aamulehti Corporation and MTV Oy in the manner described above to comply with shareholders’ interests. Therefore the Boards will propose to the meetings of Aamulehti Corporation and MTV Oy shareholders on 18 June 1997 that the merger agreement be approved. Helsinki, 6 June 1997 Helsinki, 3 June 1997 Aamulehti Corporation MTV Oy Board of Directors Board of Directors ENCLOSURE II MERGER AGREEMENT The Boards of Directors of Aamulehti Corporation and MTV Oy have today approved the following Merger Agreement: 1. Parties 1.1 Aamulehti Corporation P.O. Box 327, FIN-33101 Tampere, Finland (Trade Register number 2.440), and 1.2 MTV Oy FIN-00033 MTV Finland (Trade Register number 145.472) 2. Merger Aamulehti Corporation and MTV Oy shall merge by establishing a new company, to which all assets and liabilities, obligations and rights shall be transferred in return for shares in the new company (a "combination merger"). 3. Name and Articles of Association of the new company The proposed Articles of Association for the new limited liability company to be established in the combination merger are appended to this Merger Agreement (Appendix 1). No company name has yet been specified for the new company in the Articles of Association. This Merger Agreement and the Articles of Association shall be amended by this addition before invitations to the Extraordinary Shareholders’ Meetings of Aamulehti Corporation and MTV Oy referred to in Section 16 below are issued. The name of the new company is Alma Media Oyj in Finnish, Alma Media Abp in Swedish, and Alma Media Corporation in English 4. Implementation date of merger The merger shall be implemented when the permission from Helsinki District Court for the Merger Agreement to be implemented and the establishment of the new limited liability company are registered in the Trade Register, and when all the necessary official permits have been received. 5. Operation of the companies After the Extraordinary Shareholders’ Meetings of Aamulehti Corporation and MTV Oy have approved the Merger Agreement, both companies shall pay due regard to this Agreement in their operations. 6. Share capital of new company The share capital of the new company will be FIM 157,308,850, if: 1. All Aamulehti Corporation’s 1993 convertible bonds are converted to shares, 2. The 10,765 MTV Oy shares owned by Aamulehti Corporation are rendered null and void in conjunction with the merger, and 3. All other Aamulehti Corporation and MTV Oy shares are converted to shares in the new company. The exact amount of the new company’s share capital depends on how many Aamulehti Corporation and MTV Oy shareholders claim redemption of their shares in conjunction with the merger, how many of the convertible bonds issued by Aamulehti Corporation are converted to shares in the company under the terms of the bonds, and the number of shares one of the merging companies holds in the other merging company. The latter shall not be converted to shares in the new company. 7. Merger consideration Shareholders in Aamulehti Corporation and MTV Oy shall become shareholders in the new company when the merger is implemented as follows: 1. Current shareholders in Aamulehti Corporation shall receive: a) one (1) Series I share in the new company with a nominal value of FIM 10 for each one (1) Series I share in Aamulehti Corporation of nominal value FIM 10, b) one (1) Series II share in the new company with a nominal value of FIM 10 for each one (1) Series II share in Aamulehti Corporation of nominal value FIM 10. 2. Current shareholders in MTV Oy shall receive: 59 Series I shares and 78½ Series II shares in the new company with a nominal value of FIM 10 for each one share in MTV Oy of nominal value FIM 500. In cases where the number shares to be given as consideration forms an odd number because of the number of shares to be converted, the whole number of Series II shares shall be given and consideration of FIM 80 shall be paid in cash for the remaining fraction. The merger consideration shall be paid to Aamulehti Corporation shareholders in the book-entry system by converting the Aamulehti Corporation shares registered in the shareholder’s book-entry account in Aamulehti Corporation’s shareholder register on the registration day of the permission to implement the Merger Agreement into shares in the new company in the above-mentioned ratio. The merger consideration shall be paid to MTV Oy shareholders in the book-entry system by registering shares in the shareholder’s book-entry account on the registration day of the permission to implement the Merger Agreement or after the registration day against the surrender of the shares. The terms and conditions for payment of other merger consideration are appended to this Agreement as Appendix 2. 8. Aamulehti Corporation’s convertible bonds It was decided at Aamulehti Corporation’s Extraordinary Shareholders’ Meeting held on 15 November 1993 to float an issue of convertible bonds to the amount of FIM 128,928,000. The bonds are convertible to shares between 3 January 1994 and 18 November 1988. According to the terms and conditions of the bonds, Aamulehti Corporation bondholders are entitled before a merger to convert the bonds into Series II shares during a period of at least one month set by the Board of Directors that differs from the bond’s original terms. That period shall start on 15 June 1997 and shall end on 31 August 1997, after which date the conversion right shall expire and no right to convert the bonds into shares shall exist. When converting bonds in this way, shareholders’ rights in Aamulehti Corporation shall commence after the increase in share capital from the converted shares is registered in the Trade Register. This shall take place before 31 October 1997 such that all bondholders who have converted their bonds during the period set by the Board of Directors shall be entitled to receive the merger consideration payable for Aamulehti Corporation Series II shares in accordance with Section 7 above. Interest shall not be paid on bonds converted after the final interest payment date. The Board of Directors of Aamulehti Corporation has decided that bondholders who have converted their bonds to shares between 15 June 1997 and 31 August 1997 shall be entitled to receive consideration for these shares in accordance with Section 7 above. 9. Shareholder’s redemption claim If a shareholder in Aamulehti Corporation or MTV Oy opposes the merger under Chapter 14 Section 3 of the Companies Act and claims redemption of his/her share(s), the procedure laid down by the Companies Act shall be followed. A shareholder in Aamulehti Corporation making a claim for redemption of shares that have been converted to book-entries shall notify the amount of shares he/she owns, his/her book-entry account and its number, and, in the case of shares not converted to a book-entry, shall submit the duly transferred share certificates and documents of title, for ownership to be registered in the book-entry account, after which the restriction on the right of disposal of the shares, and other necessary markings, will be registered in the book-entry account. A shareholder in MTV Oy making a claim for redemption shall notify the amount of shares in MTV Oy that he/she owns and the numbers of those shares to which the claim applies. 10. Supervisory Board of the new company Fifteen (15) members shall be elected to the Supervisory Board of the new company. The terms of office of five (5) of the members shall end at the close of the next Annual General Meeting in 1998, of five (5) of the members at the close of the Annual General Meeting in 1999, and of five (5) of the members at the close of the Annual General Meeting in the year 2000. Aamulehti Corporation’s shareholders’ meeting shall elect seven (7) of the members of the Supervisory Board, MTV Oy’s shareholders’ meeting shall elect five (5) of the members of the Supervisory Board, and two (2) members shall be elected by Aamulehti Group’s employees and one (1) member shall be elected by MTV Group’s employees in compliance with the provisions of the Law on Employee Representation in Companies (725/90). Aamulehti Corporation’s shareholders’ meeting shall elect two (2) members of the Supervisory Board to serve until the 1998 Annual General Meeting, two (2) members to serve until the 1999 Annual General Meeting, and three (3) members to serve until the Annual General Meeting in the year 2000. MTV Oy’s shareholders’ meeting shall elect two (2) members of the Supervisory Board to serve until the 1998 Annual General Meeting, two (2) members to serve until the 1999 Annual General Meeting, and one (1) member to serve until the Annual General Meeting in the year 2000. The personnel shall elect one (1) member of the Supervisory Board to serve until the 1998 Annual General Meeting, one (1) member to serve until the 1999 Annual General Meeting, and one (1) member to serve until the Annual General Meeting in the year 2000. The Supervisory Board shall elect from among their members a Chairman and a Deputy Chairman to serve until the close of the Annual General Meeting in 1998. 11. Board of Directors and President of the new company Aamulehti Corporation’s and MTV Oy’s Extraordinary Shareholders’ Meetings, which shall be asked to approve this Merger Agreement, shall elect the first Board of Directors of the new company, which shall comprise a total of seven (7) members. It is proposed that the Board of Directors comprise the following members: Mr Pekka Ala-Pietilä, Ms Pirkko Alitalo, Mr Bengt Braun, Mr Matti Häkkinen, Mr Pentti Kivinen, Mr Björn Mattsson and Mr Olli Reenpää. The Board of Directors shall elect from among their members a Chairman and a Deputy Chairman. It is proposed that the Board of Directors of the new company elect Mr Björn Mattsson as Chairman of the Board and Mr Bengt Braun as the Deputy Chairman. It is further proposed that Mr Matti Packalén be elected as President and CEO, and Mr Eero Pilkama as Executive Vice President and deputy to the CEO. 12. Auditors Two (2) auditors shall be elected for the new company, both of which shall be auditing firms approved by the Central Chamber of Commerce. It is proposed that the shareholders’ meetings of the companies be asked to approve KPMG Wideri Oy and SVH Coopers & Lybrand Oy as auditors of the new limited liability company until the shareholders’ meeting to be held in 1999. It is also proposed that one auditing firm shall be elected on the basis of competitive bidding as the auditor of the new limited liability company at the shareholders’ meeting to be held in 1999. 13. Dividend rights The shares in the new company shall confer entitlement to the dividend to be distributed for the financial year commencing immediately after the merger is registered. The Boards of Directors of Aamulehti Corporation and MTV Oy shall propose to the Annual General Meetings to be held in 1998 that the maximum amount of the dividend to be distributed for the 1997 financial year by both companies shall be a proportion of the combined amount of the dividends of the companies for 1997 which shall correspond to the proportion which all the shares in that company represents of all the shares in the new company after the merger. 14. Listing of the new company’s shares The new limited liability company shall apply for its shares to be listed on the Helsinki Stock Exchange commencing immediately the company has been registered and the merger has been implemented. 15. Personnel The personnel of Aamulehti Corporation and MTV Oy shall retain their existing status and terms of employment on transfer to the new company. 16. Approval of Merger Agreement This Merger Agreement and the Articles of Association of the new company appended to it shall be presented to the Supervisory Boards of Aamulehti Corporation and MTV Oy and to the Extraordinary Shareholders’ Meetings of Aamulehti Corporation and MTV Oy for approval. Implementation of the merger shall require, in addition to the above-stated, that: 1) The Office of Free Competition confirms that it does not consider the arrangements for the merger contained in this Agreement detrimental to competition under the Finnish Act on Restrictions to Competition or the legislation of the European Union on restrictions to competition, and/or confirms that it does not consider that the merger should be submitted to the European Commission for review. 2) All licences needed for the present activities of the merging companies to be continued in the new limited liability company and all other official permits required for the merger are obtained. 17. Other terms and conditions The Boards of Directors of Aamulehti Corporation and MTV Oy shall be jointly authorized to make such technical amendments as required by the authorities to this Merger Agreement and the Articles of Association appended to it, and to other agreements and documents pertinent to the merger, which do not have an effect on Aamulehti Corporation or MTV Oy, or on the rights of their shareholders. Five (5) identical copies of this Merger Agreement have been made: one for Aamulehti Corporation; one for MTV Oy; one for the new company, and two for the authorities. Helsinki, 22 April 1997. AAMULEHTI CORPORATION MTV OY ENCLOSURE III PROPOSAL FOR ARTICLES OF ASSOCIATION OF ALMA MEDIA OYJ Article 1 Name and registered office The name of the company is Alma Media Oyj in Finnish, Alma Media Abp in Swedish, and Alma Media Corporation in English. The company’s registered office is in Helsinki, Finland. Article 2 Field of business of the company The field of business of the company is to publish, either directly or through its subsidiaries, daily newspapers and periodicals, and to engage in publishing generally; to engage in television and radio broadcasting; to engage in other business and graphics industry activities associated with communications, audio- visual media, information systems and services; and also to own and manage real estate, and to trade in securities and engage in other investment activities. Article 3 Minimum and maximum share capital and voting rights The minimum share capital of the company shall be one hundred million Finnmarks (FIM 100,000,000) and the maximum share capital four hundred million Finnmarks (FIM 400,000,000), within which limits the share capital may be raised or lowered without amending these Articles of Association. The company's shares are marked either Series I or Series II. The company shall have no less than 6,000,000 and no more than 24,000,000 Series I shares, and no less than 4,000,000 and no more than 16,000,000 Series II shares, nevertheless such that both series together shall total at most 40,000,000 shares. Holders of Series I shares shall have one vote per share and holders of Series II shares one vote per successive series of 10 shares at shareholders' meetings. Whenever the share capital is increased, holders of Series I shares shall have a pre-emptive right to subscribe for Series I shares in relation to the number of such shares they already own, and holders of Series II shares shall have a pre-emptive right to subscribe for Series II shares in relation to the number of such shares they already own, on condition that the shares in the two series are issued in the same proportion to those already existing in the company. If either new Series I shares or new Series II shares are not subscribed for by exercising pre-emptive rights, both holders of Series I shares and holders of Series II shares shall have a subordinated right to subscribe for all the shares. In this case, the preferential rights between those shareholders exercising their subordinated rights shall be determined on the basis of the numbers of Series I and Series II shares they already own. Article 4 Nominal value of the shares The nominal value of each share shall be ten Finnmarks (FIM 10). Article 5 Shares and book-entry securities system The companies shares are included in the book-entry securities system. Only those shareholders shall have entitlement to receive distributable funds from the company and to subscribe for new shares in conjunction with an increase in the share capital of the company: 1) who are registered as shareholders in the shareholder register on the record date specified by the company; 2) whose right to receive payment is registered on the record date in the book-entry account of the shareholder registered in the shareholder register and also recorded in the shareholder register; 3) whose share, in the case of a nominee share, is registered in his/her book-entry account on the record date, and the custodian of which is registered in the shareholder register as the custodian of the share on the record date as required by paragraph 28 of the Law on Book-Entry Accounts. Shareholders whose ownership is registered in the waiting list on the record date shall be entitled to receive distributable funds from the company and to subscribe for new shares in conjunction with an increase in the company’s share capital only if such shareholders can furnish evidence of ownership on the record date. Article 6 The Board of Directors A Board of Directors comprising no less than five (5) and no more than nine (9) ordinary members shall be responsible for the management of the company and the appropriate organization of its operation. The term of office of a member of the Board of Directors shall be three (3) years, nevertheless such that one-third of the members shall retire yearly as decided more precisely at the Annual General Meeting. The terms of office of the members of the Board of Directors shall last until the close of the third subsequent Annual General Meeting after their election. The Board of Directors shall elect from among its members a Chairman and a Deputy Chairman, who shall hold office until the close of the first subsequent Annual General Meeting after their election. No person who is 67 years of age or older is eligible for membership of the Board of Directors. The company's President may not be the Chairman of the Board. Article 7 President The company shall have a President appointed by the Board of Directors. The President shall be responsible for managing the administration of the company in accordance with the instructions and requirements of the Board of Directors. Article 8 Signing for the company The Chairman of the Board of Directors and the company's President shall sign for the company, each singly, and the members of the Board of Directors two jointly. The Board of Directors may grant company employees authorization to sign for the company such that two shall sign jointly, or one singly together with any member of the Board. The Board of Directors shall decide on the granting of procuration. Procuration may be granted only so that two holders of procuration may sign jointly, or any holder of procuration separately together with any member of the Board or together with a person authorized by the Board to sign for the company. Article 9 Supervisory Board The company shall have a Supervisory Board comprising no less than ten (10) and no more than fifteen (15) members. The members of the Supervisory Board shall serve for a period of three years. Their terms of office shall expire at the close of the third Annual General Meeting following their election, nevertheless such that one-third shall retire yearly in a manner to be decided more precisely by the Annual General Meeting. The Supervisory Board shall elect a Chairman and a Deputy Chairman from among its members, whose terms of office expire at the close of the first subsequent Annual General Meeting after their election. Neither a member of the Board of Directors nor the company's President nor any person 67 years of age or older shall be eligible for membership of the Supervisory Board. Three (3) members of the Supervisory Board shall be elected by the company's and its subsidiaries' employees in compliance with the provisions of the Law on Employee Representation in Companies (725/90). Other members of the Supervisory Board shall be elected at the Annual General Meeting. Article 10 Functions of the Supervisory Board The Supervisory Board shall supervise the administration of the company by the Board of Directors and the President. In addition, it is the function of the Supervisory Board: 1. To give its opinion to the Annual General Meeting on the financial statements and the auditors' report, 2. To give instructions to the Board of Directors on matters which are important in a wider perspective or of fundamental significance, 3. To give to the Annual General Meeting, which shall decide on raising the share capital or on authorizing the Board of Directors to raise the share capital, or which shall decide on issuing bonds with warrants or convertible bonds, its opinion on the Report of the Board of Directors concerning significant events subsequent to the closing of the annual accounts, 4. To make a proposal to the Annual General Meeting on which individuals to elect members of the Board of Directors. Article 11 Auditors The company shall have at least one (1) and not more than two (2) auditors, who shall have at most two (2) deputies. One auditor and his/her deputy shall be authorized by the Central Chamber of Commerce. The auditors shall be elected for one financial year and their duties shall cease at the close of the first subsequent Annual General Meeting after their election. Article 12 Invitation to General Meeting General Meetings shall be announced in at least three newspapers published by the company or its subsidiary or else in writing to shareholders by registered letter not earlier than two (2) months and not later than two (2) weeks prior to the meeting. To be entitled to attend a General Meeting, a shareholder shall notify the company of his/her attendance at the place indicated in the invitation to the General Meeting no later than the date specified by the Board of Directors in the invitation to the General Meeting. The date so indicated shall not be earlier than five (5) days prior to the meeting. Article 13 Venue of General Meeting The General Meeting shall be held at a location decided by the Board of Directors, which may be Helsinki, Vantaa or Tampere. Article 14 Annual General Meeting The Annual General Meeting shall be held yearly by the end of April on a date specified by the Board of Directors. At the meeting, the following shall be presented: 1. Financial statements, comprising the income statement, balance sheet and Board of Directors' report, 2. Auditors' report, 3. Statement by the Supervisory Board on the financial statements and auditors' report, The following shall be decided: 4. Approval of the income statement and balance sheet, 5. Measures to which the profit or loss shown in the approved balance sheet give rise, 6. Discharge from liability of the members of the Supervisory Board and Board of Directors and the President, 7. Remuneration of the members of the Board of Directors, members of the Supervisory Board and auditors, and compensation for travel expenses, 8. Number of members on the Board of Directors and on the Supervisory Board members and the number of auditors, The following shall be elected: 9. Members of the Board of Directors, 10. Members of the Supervisory Board whose election is the responsibility of the Annual General Meeting, 11. Auditors and their deputies. Article 15 Voting at General Meetings All shareholders are entitled to vote at the General Meetings to the full extent of the voting rights attached to their holdings provided that no individual shareholder's holding shall exceed 1/10th of the voting rights represented at the meeting. If companies or enterprises belonging to the same group of companies, or a company outside that group of companies which if Finnish would belong to the same group of companies, and/or the pension fund or pension trust of such companies or enterprises, jointly own company shares conferring more than 1/10th of the voting rights represented at the meeting, such companies and enterprises may only exercise the votes conferred by their shares at a General Meeting to the extent of 1/10th of the voting rights represented at the meeting. Article 16 Financial year The company's financial year is the calendar year. Article 17 Redemption of shares A shareholder whose proportional holding of all company shares, or whose proportional entitlement to votes conferred by the company’s shares, either individually or jointly with other shareholders, is or exceeds 33 1/3 per cent or 50 per cent (shareholder subject to redemption obligation) as defined hereinafter is obliged on demand by other shareholders (shareholders with rights of redemption) to redeem such shareholders’ shares, and securities giving entitlement to them under the Companies Act, in the manner stipulated in this Article. The following shares are included in calculating a shareholder’s proportional holding of company shares and proportional entitlement to votes conferred by them: - Shares belonging to an organization which under the Companies Act belong to the same group of companies as the shareholder, - Shares belonging to an enterprise which is counted as belonging to the same group of companies as the shareholder in preparing the consolidated financial statements in compliance with the Accounting Act, - Shares belonging to the pension fund or pension trust of such organizations or enterprises as meant above, and - Shares belonging to an organization or enterprise that is not Finnish, but if Finnish would belong, in the manner meant above, to the same group of companies as the shareholder. If the total shareholdings or votes so calculated produce a redemption obligation, the shareholders subject to the redemption obligation are jointly responsible for redeeming the shares of those shareholders with redemption rights. In this case, a claim for redemption is deemed to have been made, without the issue of a separate claim, to all shareholders subject to a redemption obligation. If two shareholders meet or exceed the limit for shareholdings or votes that produces a redemption obligation such that both are simultaneously subject to a redemption obligation, a shareholder with redemption rights can claim redemption of the shares from each separately. The redemption obligation does not apply to shares, or securities giving entitlement to them, which a shareholder claiming redemption has acquired after the redemption obligation has arisen. Redemption price The redemption price of shares shall be the higher of the following: a) The average weighted price of the trading prices of the share for the ten (10) trading days on the Helsinki Stock Exchange preceding the day when the company received notification from the shareholder subject to a redemption obligation of meeting or exceeding the limit for shareholdings or votes as meant above or, in the absence or non-delivery of such notification, the day on which the company otherwise becomes aware of it, b) The average weighted price for that number of shares which the shareholder subject to a redemption obligation paid to acquire or otherwise receive the shares during the twelve (12) months preceding the day referred to in paragraph a) above. If the acquisition on which the average price is calculated is denominated in a foreign currency, its equivalent in Finnish marks shall be calculated at the rate of exchange posted by the Bank of Finland seven (7) days prior to the day on which the Board of Directors notifies shareholders of the opportunity to redeem shares. The redemption price shall be defined for each type of share separately. The above provisions for determining the redemption price of shares shall also apply to other securities that become redeemable. Redemption procedure A shareholder subject to a redemption obligation shall within seven (7) days from when the redemption obligation arose notify the company’s Board of Directors of it in writing at the company’s address. The notification shall contain information about the amount of shares of each type owned by the shareholder subject to a redemption obligation, and also the amounts and prices of each type of shares acquired or otherwise received by that shareholder during the preceding twelve (12) mont
  • Date: 6.6.1997, 08:00
  • News type: Stock exchange release

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