Alma Media Corporation Stock Exchange Release December 13, 2012 at 17:30 (EET)
APPLICATION FOR A SPECIAL AUDIT ON ALMA MEDIA OVERRULED
The admistrative court has overruled the decision by the Regional State Administrative agency for Southern Finland to approve a special audit on Alma Media, thus dismissing the application placed by Oy Herttaässä Ab.
Oy Herttaässä Ab proposed to the Annual General Meeting (AGM) held on March 11, 2010 that a special audit should be conducted regarding the operations of the Nomination and Compensation Committee of the Board of Directors of Alma Media Corporation during the latest five years, among others.
To the extent that the application by Oy Herttaässä Ab concerned the actions of the Nomination and Compensation Committee and its predecessor, the Election Committee, and how the principle of equality has been taken into account in the operations of the Committees, the Regional State Administrative Agency approved the application. The administrative court has now overruled this decision.
Alma Media Corporation
For more information, please contact:
Mikko Korttila, General Counsel, tel. +358 10 665 2201
Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000 professionals. The company's revenue in 2011 totalled MEUR 316.2 with an operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.com.