Alma Media Corporation Stock Exchange Release 8 June 2016 at 1.50 EEST
ARBITRATION AWARD IN THE REDEMPTION PROCEEDINGS CONCERNING THE MINORITY SHARES IN TALENTUM – THE REDEMPTION PRICE WAS SET AT EUR 1.42 PER SHARE
This stock exchange release may not be published or distributed, in whole or in part, directly or indirectly, in the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, or any other country where such publication or distribution would violate applicable regulation or would require additional measures in addition to the requirements under Finnish law.
The Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce has on 7 June 2016 rendered its decision in the redemption proceedings concerning the shares held by minority shareholders in Talentum Oyj (“Talentum”). The Arbitral Tribunal has rendered a decision according to which the redemption price of a Talentum share shall be EUR 1.42 per share.
The redemption price corresponds to the price of EUR 1.42 per share offered by Alma Media Corporation (“Alma Media”) in its voluntary public tender offer for Talentum’s shares.
The decision may be appealed within 60 days from the registration of the arbitration award.
Alma Media has completed the tender offer announced in September 2015 and, by a decision of the Arbitral Tribunal, acquired title to the Talentum shares subject to the arbitration proceedings, in accordance with Chapter 18, Section 6 of the Limited Liability Companies Act. Talentum’s shares have been delisted from the official list of Nasdaq Helsinki Ltd on 21 April 2016.
ALMA MEDIA CORPORATION
BOARD OF DIRECTORS
For more information, please contact:
Mikko Korttila, General Counsel, Tel. 010 665 2201
Distribution: Nasdaq Helsinki, Main Media, www.almamedia.fi
Alma Media in Brief
Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities presented by digitality, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. The company employs approximately 2,500 professionals (excluding distributors), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2015 was EUR 291.5 million. Alma Media’s share is listed on Nasdaq Helsinki. For more information please visit our website: www.almamedia.com.