|
|||
2007-08-08 14:44:30 CEST 2007-08-08 14:44:30 CEST REGULATED INFORMATION Panostaja Oyj - Company AnnouncementPRELIMINARY OUTCOME OF PANOSTAJA'S TAKEOVER BID FOR SUOMEN HELASTO SHARESPANOSTAJA OYJ Stock Exchange Bulletin 8th August 2007 PRELIMINARY OUTCOME OF PANOSTAJA'S TAKEOVER BID FOR SUOMEN HELASTO SHARES The period covering Panostaja Oyj's public takeover bid for shares issued by Suomen Helasto Oyj made on 3rd July 2007 came to an end on 6th August 2007 in accordance with the terms. The period will not be extended. Preliminary calculations show that shareholders owning a total of 3,463,116 Suomen Helasto shares and thus holding approximately 26.64% of shares issued by Suomen Helasto and votes carried by the shares have approved the bid. With the addition of these shares to the Suomen Helasto shares previously acquired by Panostaja, Panostaja now holds 95.41% of shares and votes in Suomen Helasto. The final outcome of the takeover bid is expected to be published on 8th August 2007. The bid will be carried through and consideration will be provided for all Suomen Helasto shareholders who accepted the bid in accordance with the terms of the bid. Transactions are expected to be completed by the end of 9th August 2007 and finally settled by the end of 14th August 2007. For shareholders who chose to accept a cash consideration, their payment will be paid into the shareholder's bank account as per their book-entry account or for shareholders whose share ownership is nominee-registered into the bank account indicated on the notice of bid acceptance on the settlement day. For those shareholders with a bank account at a different financial institution than their book-entry account, the consideration will be transferred to their bank account in accordance with transaction schedules between financial institutions, approximately two banking days later. For shareholders who chose to accept a consideration in shares, the payment of the cash consideration equal to any remaining fractions of shares will be made in the same way as the payment for shareholders who chose to accept a full cash consideration. The shares transferred in consideration are expected to be registered by the investors' account operator on the sixth banking day following the settlement day. Ownership rights to Suomen Helasto shares will be transferred to Panostaja on payment of the bid price. This stock exchange bulletin is a translation of the original Finnish stock exchange bulletin August 7, 2007. PANOSTAJA OYJ Board of Directors FOR FURTHER INFORMATION, PLEASE CONTACT Mr. Olli Halmevuo, CEO, Panostaja Oyj, tel. +358-3-263 4333 THE TAKEOVER BID IS NOT OFFERED DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE TO DO SO WOULD BE CONTRARY TO LAW AND THIS RELEASE MUST NOT BE DISSEMINATED OR COMMUNICATED IN ANY WAY, INCLUDING BUT NOT LIMITED TO MAIL, FAX, TELEX, TELEPHONE, E-MAIL OR INTERNET COMMUNICATIONS, TO OR FROM ANY JURISDICTIONS WHERE IT WOULD BE ILLEGAL TO DO SO. |
|||
|