26 056 004
36 904 636
62 960 640
Share conversions and increase in share capital recorded in Trade Register
ALMA MEDIA CORP. STOCK EXCH. ANNOUNCEMENT 12 NOV 2004 9.00 PM 1/1
SHARE CONVERSIONS AND INCREASE IN SHARE CAPITAL RECORDED IN TRADE REGISTER
A total of 305 216 Alma Media Corporation Series I shares were converted into Series II shares between 12 August and 14 October 2004. Warrants under the 1999 bond with warrants were exercised to subscribe for 4 600 new Series II shares between 22 July and 1 October 2004, raising the share capital by EUR 1 934.16. The conversions were recorded in the Trade Register on 11 November 2004 and the increase in share capital on 12 November 2004.
The company's articles of association were amended by the Annual General Meeting in 2004 to allow shareholders the opportunity to convert their Series I shares to Series II shares on a one-to-one basis. Under the scheme such conversions are recorded in the Trade Register four times a year.
The share capital increase now registered is based on the issue of bonds with warrants to company employees approved by the Annual General Meeting held on 24 March 1999. The bond totalled 1 220 000 Finnish markka and 2 399 600 Series II shares may still be subscribed for under the attached A and B warrants. The maximum number of new shares that may be subscribed for under these warrants represents 3.81 % of the total number of shares and 0.81 % of the votes. The share subscription period for the A warrant began on 28 May 2001 and for the B warrant on 28 May 2003. The subscription period in both cases ends on 30 June 2006.
The current share subscription prices under the warrants are EUR 4.75 for the A warrant and EUR 5.58 for the B warrant.
Number of shares after the conversions and subscriptions:
The share capital following the increase totals EUR 26 473 048.73. Under the bond with warrants to employees the share capital has so far been raised by EUR 16 986.98.
The converted shares are due to be admitted for trading on 12 November 2004 and the new shares subscribed for under the warrants are due to be admitted for trading on 15 November 2004.
The new shares carry dividend rights for the financial year 2004.
ALMA MEDIA CORPORATION
DISTRIBUTION: Helsinki Exchanges, principal media
- Date: 12.11.2004, 10:00
- News type: Stock exchange release
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