ALMA MEDIA CONTROLS 33.3 % OF VOTING POWER IN POHJOLAN SANOMAT OYJ
ALMA MEDIA CORPORATION STOCK EXCHANGE BULLETIN 29 September 1998, at 2.00 pm ALMA MEDIA CONTROLS 33.3 % OF VOTING POWER IN POHJOLAN SANOMAT OYJ Alma Media Groups share of the voting power in Pohjolan Sanomat Oyj has risen to over one-third. Alma Media Group currently holds 47,79 % of the Pohjolan Sanomat Oyj shares. This holding represents 33.34 % of the voting rights carried by all the shares. On 10 September 1998 Puossakka Oy, an Alma Media subsidiary, made a public offer to buy all the shares of Pohjolan Sanomat Oyj. Puossakka Oy is a registered shareholder of Pohjolan Sanomat Oyj. The offer commenced on 21 September 1998 and it will remain in force until 31 October 1998. Before the offer was made, the Alma Media Group owned 45.0 % of Pohjolan Sanomat Oyjs shares, which represented 30.0 % of the voting power in the company. During the offer period Puossakka Oy has bought altogether 8,730 A shares and 25,537 K shares, each for a price of FIM 32 per share. The Alma Media Group currently holds 346,610 A shares and 239,358 K shares. If the Alma Media Groups holding increases during the offer period to at least one-third of all the Pohjolan Sanomat Oyj shares, it will pay a premium of FIM 8 per share to all shareholders selling their shares to Poussakka Oy during the offer period. ALMA MEDIA OYJ Ahti Martikainen Vice President, Corporate Communications Distribution: Helsinki Stock Exchange Principal media
- Date: 29.9.1998, 08:00
- News type: Stock exchange release
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