Herttaässä applies for a special audit on Alma Media Corporation

Alma Media Corporation   Stock Exchange Release   April 15, 2010 at 15:45

 

HERTTAÄSSÄ APPLIES FOR A SPECIAL AUDIT ON ALMA MEDIA CORPORATION

Oy Herttaässä Ab, that holds more than 10 % of the shares in Alma Media, proposed to the Annual General Meeting (AGM) of Alma Media Corporation 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. The AGM considered the proposal, and as the shareholding of Oy Herttaässä Ab exceeds 10%, the proposal was included in the meeting minutes.

Due to the application submitted to the Regional State Administrative Agency of Southern Finland by Oy Herttaässä Ab, Alma Media has today received a notification on hearing procedure regarding the matter. Alma Media will give its statement in the matter within the deadline of one month.

 

Alma Media Corporation
Rauno Heinonen, Vice President, Communications and IR

 

For further information, please contact:

Mikko Korttila, General Counsel, tel +358 10 665 2201

 

Distribution: NASDAQ OMX Helsinki, principal media

 

Alma Media in brief

Alma Media is a profitable and internationally expanding company with a focus on the future of newspapers and online services. Its best known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Alma Media's net sales in 2009 totalled MEUR 307.8 with an operating margin of 13.5 per cent. The company's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi

 

  • Date: 15.4.2010, 17:45
  • News type: Stock exchange release

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