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2007-11-12 11:11:07 CET 2007-11-12 11:11:07 CET REGULATED INFORMATION Tiimari Oyj Abp - Company AnnouncementDirected share issue of Tiimari PlcTIIMARI PLC STOCK EXCHANGE RELEASE 12 November 2007 DIRECTED SHARE ISSUE OF TIIMARI PLC The Board of Directors of Tiimari Plc has today on 12 November 2007 resolved on a share issue on the basis of the authorisation granted by the Annual General Meeting of Shareholders on 17 April 2007. The share issue relates to the acquisition of the Swedish Gallerix chain that was signed and announced on 1 November 2007. Pursuant to the terms and conditions of the purchase agreement, the remaining part of the basic purchase price, i.e. approximately 30%, has been settled by giving the sellers of the Gallerix transaction 463,320 new shares now to be issued for subscription. In the share issue the total of 463,320 new shares in Tiimari Plc have been given for subscription to five subscribers, i.e. the sellers of the shares in Gallerix International AB, in deviation from the shareholders' pre-emptive subscription right. All new shares have been subscribed for and the subscription price of the shares has been settled by assigning Tiimari Plc 1,500 shares in Gallerix International AB as contribution in kind. The subscription price for the new shares in Tiimari Plc (EUR 4.90/share) will be recognised in its entirety in the invested free equity fund of Tiimari Plc. As a result of the share issue, the number of shares in Tiimari Plc will increase from the current 9,847,750 shares to 10,311,070 shares. The registered share capital of Tiimari Plc remains at EUR 7,686,200.00 following the registration of the new shares. The new shares will be registered with the Trade Register and they are expected to be admitted to trading on or about 13 November 2007. The subscribers of the shares have agreed to selling and transfer restrictions as communicated on 1 November 2007. According to the restrictions, 50% of the shares will be released on 1 November 2008 and 50% on 1 November 2009. TIIMARI PLC For further information, please contact: Further information: Managing Director Kristina Illi, tel. +358 (0)400 408 889 |
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