Alma Media clarifies its corporate structure

Alma Media Corporation   STOCK EXCHANGE RELEASE   26 May 2008 at 15.35

 

 

The Boards of Directors of Alma Media Corporation and its subsidiary company Alma Media Palvelut Oy have on 29 April 2008 signed a merger plan according to which Alma Media Palvelut will merge with its parent company Alma Media Corporation. The merger plan has been entered in the Trade Register on 22 May 2008. The objective of the merger is to clarify Alma Media’s corporate structure and reduce administrative costs.

 

According to the merger plan, all of the assets and liabilities of Alma Media Palvelut will be transferred to the parent company, Alma Media Corporation, at their book value and without liquidation proceedings. No merger consideration will be given as the parent company owns all the shares of the company to be merged. The merger will not require any amendments to Alma Media Corporation’s Articles of Association. The planned date for registering the merger is 30 November 2007.

 

The merger will be decided upon by the Boards of Directors of the companies participating in the merger. If shareholders of Alma Media Corporation who jointly own a minimum of five (5) per cent of the company’s shares demand in writing that the merger should be decided upon by a general meeting of shareholders, an extraordinary meeting of shareholders will be convened according to the Companies Act and the Articles of Association of Alma Media Corporation.

 

A notification of a possible meeting of shareholders will be published in newspapers according to the Articles of Association and Chapter 16, Section 10 of the Companies Act.

 

 

ALMA MEDIA CORPORATION

Rauno Heinonen

VP, Corporate Communications and IR

 

For more information, please contact:

Teemu Kangas-Kärki, CFO, tel +358 10 665 2244

 

Distribution:

Helsinki Stock Exchange

Major media

 

 

Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and online media. It’s best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Net sales in 2007 totalled EUR 329 million and the operating margin was over 19%. The company’s share is listed in the Mid Cap segment of the OMX Exchange’s Nordic List, trading code ALN1V.