Alma Media clarifies its corporate structure
ALMA MEDIA CORPORATION STOCK EXCHANGE RELEASE 20 June 2007, AT 9.30 A.M.
ALMA MEDIA CLARIFIES ITS CORPORATE STRUCTURE
The Boards of Directors of Alma Media Corporation and its subsidiary companies Suomalainen Lehtipaino Oy, Alpress Oy and Marcenter Oy have on May 28, 2007 signed a merger plan according to which Suomalainen Lehtipaino, Alpress and Marcenter will merge with their parent company Alma Media Corporation. The merger plan has been entered in the Trade Register on June 19, 2007. The objective of the merger is to clarify the Corporation's structure while reducing administrative costs.
According to the merger plan, all of the assets and liabilities of Suomalainen Lehtipaino, Alpress and Marcenter 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 companies 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 December 31, 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.
For more information, please contact:
Teemu Kangas-Kärki, CFO, tel +358 10 665 2244
ALMA MEDIA CORP.
VP, Corporate Communications and IR
DISTRIBUTION: Helsinki Exchanges, principal media
Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and the online media. Its best known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Net sales in 2006 totalled EUR 302 million and the operating margin was 16 %. The company's share is listed in the Mid Cap segment of the OMX Nordic Exchange's Nordic List, trading code ALN1V. More information at http://www.almamedia.fi/home
- Date: 20.6.2007, 11:30
- News type: Stock exchange release
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