Glaston Oyj Abp - Company Announcement

Glaston: Notification of Change in Holdings according to Chapter 9, Section 10 of the Securities Markets Act

Helsinki, Finland, 2013-02-07 16:05 CET (GLOBE NEWSWIRE) -- 

Glaston Corporation    Stock Exchange Release       7 February 2013 at 17.05
p.m. 


Glaston: Notification of Change in Holdings according to Chapter 9, Section 10
of the Securities Markets Act 

Glaston Corporation has today received a notification of change in holdings in
accordance with Chapter 9, Section 5 of the Securities Markets Act as follows: 

Etera Mutual Pension Insurance Company´s share of the total number of shares
and voting rights in Glaston Corporation will exceed 10 per cent as a result of
the arrangement which, if completed, may result in the exceeding of the
flagging threshold. 

In accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act
we hereby notify the Financial Supervisory Authority and Glaston Corporation as
follows: 

1. Name of the issuer of shares: Glaston Corporation

2. Reason for the flagging notification: Arrangement which, if completed, may
result in the exceeding of the flagging threshold of 10 per cent based on the
total number of shares and voting rights as set out in Chapter 9, Section 5 of
the Finnish Securities Market Act. 

3. Name and business identity code of the shareholder subject to the
notification obligation: Etera Mutual Pension Insurance Company, Business ID
0117086-1. 

4. Share of the total number of shares and voting rights in the issuer:

Etera Mutual Pension Insurance Company's shareholding following the arrangement:

Number of shares: 26,764,885 shares

Share of the total number of shares and voting rights: 14.57 per cent

Etera Mutual Pension Insurance Company has no shareholding in Glaston
Corporation before the arrangement. 

5. Main content of the arrangement

Glaston Corporation announced on 7 February 2013 further information on its
plan to strengthen the Company's balance sheet and financial position. The
Company is planning two directed share issues, one to the public (Share Issue)
and the other to the holders of the convertible bond issued in 2009 and
debenture bond issued in 2011 (Conversion Issue). Approximately a maximum total
of 78 million new shares is expected to be offered in the Share Issue and
Conversion issue. The subscription price will be 0.20 euro per share in the
Share Issue and 0.30 euro per share in the Conversion Issue. 

Etera Mutual Pension Insurance Company has on 7 February 2013 signed a
commitment to subscribe for 26,764,885 new shares in the Conversion issue
prepared by Glaston Corporation. 

The Board of Directors of Glaston Corporation has proposed to the Extraordinary
General Meeting of Shareholders to authorize the Board of Directors to decide
on one share issue or several share issues up to a maximum total of 86 million
shares. Shareholders representing not less than 46 per cent of the Company's
shares have committed themselves to voting in favor of the share issue
authorization in the Extraordinary General Meeting of Shareholders. The
Extraordinary General Meeting of Shareholders will be held on 12 February 2013.
The Board of Directors is expected to decide on the Share Issue and the
Conversion Issue around the end of February 2013. 

The calculation basis for the flagging is that the Share Issue and the
Conversion Issue will be carried out in the given maximum amount. 

The announced number of shares and voting rights of Glaston Corporation total
105,588,636 on 7 February 2013. 

Helsinki 7 February 2013

Etera Mutual Pension Insurance Company



Helsinki 7 February 2013

Glaston Corporation
Arto Metsänen
CEO and President

For further information, please contact:
Mr. Arto Metsänen, CEO and President, Glaston Corporation, tel. +358 10 500 500

Glaston Corporation
Glaston is a global company developing glass processing technology for
architectural, solar, appliance and automotive applications. Our portfolio
ranges from pre-processing and safety glass machines to services. We are
dedicated to our customers' continued success and provide services for all
glass processing needs with a lifecycle-long commitment in mind. For more
information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on
the NASDAQ OMX Helsinki Small Cap List. 

Distribution: NASDAQ OMX Helsinki Ltd, Key Media, www.glaston.net