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2009-11-30 15:00:00 CET 2009-11-30 15:00:02 CET REGULATED INFORMATION Talentum Oyj - Company AnnouncementTALENTUM DISSOLVING ITS JOINT PENSION FUNDTALENTUM OYJ COMPANY ANNOUNCEMENT NOVEMBER 30 2009 AT 16.00 TALENTUM DISSOLVING ITS PENSION FUND The joint pension fund of the Talentum Group will, under an agreement signed today, transfer its statutory pension insurance to the Ilmarinen Mutual Pension Insurance Company on 31 December 2009. As result of the transfer, the Group will incur a non-recurring expense of about EUR 1.4 million as the IFRS items in the balance sheet are cancelled. The cash flow impact of the transfer is estimated to be close to zero. The transfer will not affect the level or extent of the pension security of the personnel. The pension fund covers the personnel of Talentum Oyj, Talentum Media Oy and Suoramarkkinointi Mega Oy (totalling about 500 persons). The pension liabilities to be transferred are estimated at EUR 21.0 million. The transfer will require the approval of the Financial Supervisory Authority. TALENTUM OYJ Juha Blomster CEO Further information Juha Blomster, CEO, tel +358 40 342 4444 Kaisa Kokkonen, CFO, tel +358 40 342 4212 Copies to NASDAQ OMX Helsinki Principal media |
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