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2011-12-22 11:00:00 CET 2011-12-22 11:00:03 CET REGULATED INFORMATION Panostaja Oyj - Company AnnouncementPANOSTAJA OYJ SUBSIDIARY OY ALFA-KEM AB AND SPECTRA YHTIÖT OY TO MERGE - PANOSTAJA'S HOLDING IN THE NEW COMPANY 32%Panostaja Oyj Stock Exchange Bulletin, December 22, 2011 12.00 p.m. PANOSTAJA OYJ SUBSIDIARY OY ALFA-KEM AB AND SPECTRA YHTIÖT OY TO MERGE - PANOSTAJA'S HOLDING IN THE NEW COMPANY 32% Panostaja Group's Technochemical business area has today concluded an arrangement whereby Oy Alfa-Kem Ab, wholly owned by Panostaja Oyj, and Spectra Yhtiöt Oy, from Lohja, merge. With the arrangement, Spectra Yhtiöt Oy acquired a 100 per cent holding in Oy Alfa-Kem Ab by means of exchange of shares. Before the exchange of shares was concluded, Panostaja Oyj bought 16% of SpectraYhtiöt Oy's shares and sold 25% of Oy Alfa-Kem Ab's shares to the acting management of Oy Alfa-Kem Ab. After the arrangement concluded, Panostaja Oyj's holding in Spectra Yhtiöt Oy is 32 per cent and that of the acting management is 22 per cent. Hannu Plaketti, with his holding of 43 per cent, continues to be the main owner of Spectra Yhtiöt Oy. With a history of a family business, Spectra Yhtiöt Oy is specialized in the support services of shopping centers and shops, such as cleaning, bottle recycling and various cleaning and maintenance operations. In 2010, Spectra Yhtiöt Oy had net sales of MEUR 4.5 and it employed 212 staff. The arrangement aims to create a new service and product concept, which can be copied nationwide. The combination of Oy Alfa-Kem Ab's strong knowhow in technochemistry with Spectra Yhtiöt Oy's extensive service network creates a solid foundation to attain growth. In connection with the arrangement, Oy Alfa-Kem Ab's Managing Director Veli-Heikki Saari was also elected Managing Director of Spectra Yhtiöt Oy. With the arrangement, Oy Alfa-Kem Oy has ceased to be Panostaja Oyj's subsidiary, with Oy Alfa-Kem Ab becoming Spectra Yhtiöt Oy's subsidiary, in which Spectra Yhtiöt Oy has a 100 per cent holding. As a result of the arrangement, Panostaja Oyj records a capital loss of MEUR 0.5. In future, Panostaja Oyj will report Spectra Yhtiöt Oy as an associated company. After the transaction, the acquisition cost of associated company shares in Panostaja Oyj's balance sheet is at MEUR 0.7. Panostaja Group's result management for the financial period will remain unaltered. It is expected that the Group's net sales will increase further and its operating profit will improve in 2012. Panostaja Oyj Juha Sarsama CEO Further information: Panostaja Oyj, CEO Juha Sarsama 040 774 2099 Spectra Yhtiöt Oy, Chairman of the Board Hannu Plaketti 044 047 2153 Spectra Yhtiöt Oy, Oy Alfa-Kem Ab Managing Director Veli-Heikki Saari 0400 406 27 |
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