ALMA MEDIA OWNS OVER 86 % OF POHJOLAN SANOMAT OYJ SHARES

ALMA MEDIA CORP.STOCK EXCHANGE BULLETIN 22 Feb. 1998, 2.00 pm ALMA MEDIA OWNS OVER 86 % OF POHJOLAN SANOMAT OYJ SHARES The public offer made by Alma Media Group's subsidiary Puossakka Oy to acquire the outstanding A and K shares of Pohjolan Sanomat Oyj, as required by Chapter 6, Section 6 of the Finnish Securities Markets Act, expired on 19 February 1999. Alma Media Group owns 86.60 % of Pohjolan Sanomat Oyj's shares and 80.48 % of the voting rights. On 21 December 1998 Alma Media announced that it would made a public offer, as required by Chapter 6, Section 6 of the Finnish Securities Markets Act, to acquire all the A and K shares of Pohjolan Sanomat Oyj between 18 January and 19 February 1999. Prior to the offer Alma Media Group held 78.67 % of the company's shares and 68.44 % of the voting rights. During the offer period Puossakka Oy acquired altogether 4,644 A shares and 92,536 K shares. Alma Media Group currently owns 465,184 A shares and 596,418 K shares, which represents 86.60 % of the total stock and 80.48 % of the voting rights of Pohjolan Sanomat Oyj. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporate Communications Distribution: Helsinki Exchanges, principal media
  • Date: 22.2.1999, 08:00
  • News type: Stock exchange release

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