DECISIONS OF ALMA MEDIA CORPORATION’S BOARD OF DIRECTORS

ALMA MEDIA CORPORATION STOCK EXCHANGE RELEASE 24 MARCH 1999,7.00PM DECISIONS OF ALMA MEDIA CORPORATION’S BOARD OF DIRECTORS The Annual General Meeting of Alma Media Corporation shareholders on 24 March 1999 approved the Board of Directors’ proposal to pay a dividend of FIM 4.00 per share on the financial year 1998. The record date for dividend payment is 29 March 1999 and the dividend record date is 7 April 1999. The AGM approved the Board of Directors’ proposal to offer bonds with warrants for subscription to the company’s personnel and the personnel of its wholly owned subsidiary Marcenter Oy. The bond will total FIM 1,220,000 and the attached warrants may be exercised to subscribe for at most 610,000 Alma Media Series II shares. The warrants will be marked A and B. The share subscription price for the A warrants will be the weighted average price of the Alma Media Series II share on the Helsinki Exchanges during October 1999 plus 12 percent, and for the B warrants the weighted average price of the Alma Media Series II share on the Helsinki Exchanges during October 1999 plus 28 percent. The share subscription period will begin on 28 May 2001 in the case of the A warrants and on 28 May 2003 for the B warrants. The share subscription period for both warrants will end on 30 June 2006. In accordance with the proposal of the Supervisory Board Mr Matti Häkkinen, LLM, was re-elected to Alma Media Corporation’s Board of Directors and Mr Kari Stadigh was elected as a new member. The AGM re-elected Mr Matti Ahde, Mr Jukka Koivisto and Mr Arto Liinpää to the Supervisory Board as well as Mr Hannu Jaakkola as a new member. Mr Veli Kalle Tavakka was elected to the Supervisory Board in place of Mr Jukka Rantala, who had tendered his resignation, for the remainder of Mr Rantala’s two-year term of office. The AGM appointed the firm of public accountants KPMG Wideri Oy Ab as the company’s auditors under the supervision of Mr Mauri Palvi APA. Furthermore, the AGM confirmed the financial statements of Aamu lehti Corporation and MTV Corporation for the period 1 January - 31 March 1998 and of Alma Media Corporation for the period 1 April - 31 December 1998. The AGM also discharged the members of the Supervisory Boards and Boards of Directors of these companies and their Presidents from liability for the corresponding periods. The Board of Directors convened after the AGM and and re-elected Mr Björn Mattsson as it’s Chairman and Mr Bengt Braun as it’s Deputy Chairman. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporation Communications Distribution: Helsinki Exchanges, Principal Media
  • Date: 24.3.1999, 08:00
  • News type: Stock exchange release

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