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2010-01-18 12:30:58 CET 2010-01-18 12:32:17 CET REGULATED INFORMATION Metsäliitto Osuuskunta - Company AnnouncementMetsäliitto to launch a capital programme aimed at strengthening its equityMetsäliitto Group Stock Exchange release 18 January 2010 at 1.30 pm Metsäliitto to launch a capital programme aimed at strengthening its equity Metsäliitto Group has today made a preliminary decision to launch a capital programme with the purpose of strengthening its equity to correspond to the company's current and future business structure. The assets to be accrued will be mainly used for financing new business operations. Through the capital programme aimed at Metsäliitto's owner members, the members can subscribe A and B additional shares. In addition, the programme includes the removal of the current upper limit for the obligatory shares. Furthermore, Metsäliitto intents to issue a new C additional share, on the basis of which the owners can, in addition to any interest, gain additional profit as cash payments, the amount of which depends on the rate development of M-real Corporation's B-share on the Helsinki Stock Exchange. Metsäliitto members who own A and B additional shares, or subscribe them during the programme are entitled to subscriptions of C additional share. The terms and conditions of C additional shares are otherwise identical to the current B additional shares, and the same annual interest will be paid on them as on the B additional shares."I believe that our capital programme will serve the benefits of our members and the strategic objectives of our business operations. Metsäliitto Group's business structure is very close to the objective set in 2005 and the most significant structural changes have been carried out. The strategic review of M-real's paper business continues. Also other industrial arrangements increasing the owner value are possible when business needs change," says Kari Jordan, President and CEO of Metsäliitto Group. Today, the Supervisory Board has approved in its meeting the changes in rules required to execute the capital programme and presented them to the Representative Council for approval. The Board of Directors will decide on the launch of the programme, its exact starting date, and the subscriptions periods and terms during the first quarter in 2010 following the meeting of the Representative Council. The capital programme will be organised by Pohjola Corporate Finance Oy. Additional information: Esa Kaikkonen, General Counsel, Metsäliitto Group, tel. +358 10 465 4749 Anne-Mari Achrén, Group CCO, Metsäliitto Group, tel. +358 10 465 4541 [HUG#1374288] |
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