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2010-12-16 14:20:00 CET 2010-12-16 14:20:01 CET REGULATED INFORMATION Panostaja Oyj - Major shareholder announcementsNOTIFICATION ON A CHANGE IN HOLDINGS REFERRED TO IN CHAPTER 2, SECTION 10 OF THE SECURITIES MARKETS ACTPanostaja Oyj STOCK EXCHANGE RELEASE 16.12.2010 03:20 pm NOTIFICATION ON A CHANGE IN HOLDINGS REFERRED TO IN CHAPTER 2, SECTION 10 OF THE SECURITIES MARKETS ACT PanostajaOyjhas today received an announcement from Etera Mutual Pension Insurance Company according to which Etera Mutual Pension Insurance Company's ownership of the shares and voting rights in Panostajawill decrease under the level of 1/10, in case an agreement which leads to acquisition of shares and voting rights if executed is executed.PanostajaOyj has today announced that it will buy back note units of the convertible subordinated loan 2006 as well as issue new convertible capital loan 2011.Etera Mutual Pension Insurance Companyhascommitted to Panostaja to sell its holdings in the convertible subordinated loan 2006 and subscribe for the convertible capital loan 2011in a way that its ownership of shares and voting rights is 3,318,182,i.e. 6.74 %, if Etera Mutual Pension Insurance Company uses its conversion right of the convertible capital loan 2011 to full extent. Conversion right shall end on 1 March 2016. Percentages of shares and voting rights have been calculated in proportion to the number of shares and voting rights in the company if Etera Mutual Pension Insurance Company uses its conversion right of the convertible capital loan 2011to full extent, i.e. in proportion to the following number of shares and voting rights: 49,221,292. Name of the target company: Panostaja Oyj Ownership prior to the change: 6,250,000 shares and votes, i.e. 11.98 % (current shares as well as the shares that may be received by converting the note units of the convertible subordinated loan 2006) Point of time when the ownership changes as the aforementioned commitment has become binding: 16 December 2010 Ownership after the change: 3,318,182 shares and votes(current shares as well as the shares that may be received by converting the note units of the convertible capital loan 2011) Percentage of shares and voting rights: 6.74 % PANOSTAJA OYJ Juha Sarsama CEO Additional information: CEO Juha Sarsama + 358 40 774 2099 |
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