NOTIFICATION OF POSSIBLE CHANGE OF OWNERSHIP PURSUANT TO CHAPTER 2, SECTION 10 OF SECURITIES MARKETS ACT

ALMA MEDIA CORP. STOCK EXCHANGE BULLETIN 17 Dec 1998, at 2.30 pm NOTIFICATION OF POSSIBLE CHANGE OF OWNERSHIP PURSUANT TO CHAPTER 2, SECTION 10 OF SECURITIES MARKETS ACT Pursuant to Chapter 2, Section 10 of the Finnish Securities Markets Act we announce that, according to information we have received, Kustannusosakeyhtiö Otava has signed an agreement according to which its subsidiary United Magazines Ltd's holding of Alma Media Corporation shares and voting rights may fall below the 10 % limit. The company currently holds 12.9 % of Alma Media Corporation's shares, representing 13.4 % of the voting rights. Alma Media Corporation has received information to the effect that Kustannusosakeyhtiö Otava has concluded an option agreement with Mutual Pension Insurance Company Varma-Sampo, Industrial Insurance Ltd and Life Insurance Company Nova. According to this agreement, the aforementioned companies have the joint option between 22 December - 30 December 2003 to acquire altogether 709,747 Series I shares and 865,056 Series II shares of Alma Media Corporation from Kustannusosakeyhtiö Otava or a company indicated by it. If this option is exercised the holding of Otava's subsidiary, United Magazines Ltd, will fall to below 10 % of the total number of Alma Media Corporation shares and voting rights. United Magazines Ltd, Register Number 75.112 Alma Media Corporation, Register Number 733.068 United Magazines Ltd currently holds 914,636 Alma Media Corporation Series I shares, representing 13.5 % of the total in this series, and 1,114,778 Alma Media Corporation Series II shares, representing 12.4 % of the total in this series. Alma Media Corporation's share capital totals FIM 15.7 million, comprising 6,771,586 Series I shares of nominal value FIM 10 per share and 8,958,474 Series II shares of nominal value FIM 10 per share. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporate Communications Distribution: Principal media, Helsinki Exchanges
  • Date: 17.12.1998, 08:00
  • News type: Stock exchange release

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