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2008-10-21 14:33:48 CEST 2008-10-21 14:34:44 CEST REGULATED INFORMATION Sponda - Company AnnouncementCouncil of State proposal to transfer the state-owned Sponda Plc shares to Solidium OySponda Plc Stock Exchange Release 21 October 2008 at 15.30 Council of State proposal to transfer the state-owned Sponda Plc shares to Solidium Oy Real estate investment company Sponda Plc has today been informed of the following: The Council of State has today decided to propose to parliament that the shares owned by the State in eight non-strategic listed companies be transferred as a capital contribution to Solidium Oy, a wholly state-owned company. The shares to be transferred include 38,065,498 Sponda Plc shares, ie. more than 30 % of all Sponda Plc shares. The Financial Supervision Authority has granted Solidium Oy an exemption order from the obligation that would otherwise arise to make a public offer to purchase the other shares of Sponda Plc and securities entitling to shares, if the decision made by the Council of State to dispose of the shares is carried out. The Financial Supervision Authority considers that control over the Sponda shares is not in fact transferred, since the Finnish state is the sole shareholder in Solidium Oy and thus has control in Solidium Oy, as referred to in Section 5 of Chapter 1 of the Securities Market Act. Sponda Plc Further information: President and CEO Kari Inkinen, tel. +358 20-431 3311 Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and in Russia. Sponda's business concept is to own, lease and develop office, retail and logistics properties into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 2.8 billion euros and the leasable area is around 1.4 million m². |
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