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2010-01-27 09:00:00 CET 2010-01-27 09:00:01 CET REGULATED INFORMATION Honkarakenne Oyj - Company AnnouncementHONKARAKENNE DIRECTED ISSUE AND SALE OF THE COMPANY'S OWN SHARESHONKARAKENNE OYJ Stock Exchange Release 27 January 2010 at 10:00 hours HONKARAKENNE DIRECTED ISSUE AND SALE OF THE COMPANY'S OWN SHARES On 26 January 2010, the Board of Directors of Honkarakenne decided on a share issue in the form of a private placement of a maximum of 1,200,000 new B shares. The share issue was over-subscribed. The board allocated the 1,200,000 B shares to the subscribers at the subscription price of 2.90 euros per share. The total subscription price of the new shares amounts to 3,480,000 euros, resulting in an increase of 2,400,000 euros in the share capital, with the remainder entered in the invested non-restricted equity fund. When the new shares are entered in the Trade Register, the company will have share capital of 9,897,936 euros and a total aggregate of 4,948,968 shares, of which 4,648,872 are B shares and 300,096 A shares. Following the issue, the overall number of votes carried by all the shares in total will be 10,650,792. It is expected that the newly subscribed shares will be registered as book-entry securities on 4 February 2010 in the book-entry securities system operated by Euroclear Finland Oy. Trading in the shares (HONBS, ISIN code: FI0009900104) is anticipated to begin on 15 February 2010; the shares will be of the same type as the old B shares. In line with the previously published subscription commitments, 63,660 shares were allocated to Saarelainen Oy and 222,812 shares to Varma Mutual Pension Insurance Company. The new shares will carry shareholder rights once they have been registered in the Trade Register. Honkarakenne's objective in the share issue is to underpin its capital structure and enhance its operational and strategic flexibility. On 26 January 2010, the Board of Directors of Honkarakenne made the decision to sell 88,500 of the B shares owned by the company to a restricted circle of the company's key personnel at the price of 2.90 euros per share. It is anticipated that the share deal will go through the stock exchange on 1 February 2010. After the sale, the company will hold 125,385 of its own B shares. The purchasers of the shares included Chairman of the Board Lasse Kurkilahti, who bought 30,000 shares, board member Mauri Niemi's controlling interest company Privatum Oy with the purchase of 20,000 shares and the company's Chief Executive Officer Esa Rautalinko, who bought 30,000 shares. HONKARAKENNE OYJ Board of Directors Additional information: President and CEO Esa Rautalinko, tel. +358 (0)400 740 997 esa.rautalinko@honka.com. DISTRIBUTION OMX Helsinki Key media Financial Supervisory Authority www.honka.com |
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