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2009-06-18 11:00:00 CEST 2009-06-18 11:00:01 CEST REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics Plc receives a nonrecurring compensation due to changes in the lease agreement concerning Vuosaari logistics centreNurminen Logistics Plc Stock Exchange Release 18 June 2009 at 12.00 pm Nurminen Logistics Plc receives a nonrecurring compensation due to changes in the lease agreement concerning Vuosaari logistics centre Nurminen Logistics Plc operates a logistics centre owned by John Nurminen Ltd at Vuosaari Harbour. John Nurminen Ltd has on 18 June 2009 signed an agreement according to which the logistics centre is transferred into the ownership of Ilmarinen Mutual Pension Insurance Company. According to the lease agreement described in the prospectus published on 7 December 2007 Nurminen Logistics Plc had the right to purchase at a fair market value the leasehold and the logistics centre built on the area during two-year period following the taking possession of the object of lease. In addition, Nurminen Logistics had the first refusal right of the object of sale during the term of the agreement. Nurminen Logistics has given up these rights in connection with the transaction which took place today. As compensation the company will receive a payment of EUR 3.5 million from John Nurminen Ltd on 22 June 2009. The compensation will be recorded as other revenues during the current and following financial year. In connection with the transaction the lease agreement ending in year 2024 described in prospectus has been changed. Two 5-year option periods have been added to the agreement. Otherwise the lease agreement is materially unchanged. NURMINEN LOGISTICS PLC Lasse Paitsola President and CEO Further information: Mr Lasse Paitsola, President and CEO Tel. +358 10 545 2431 DISTRIBUTION NASDAQ OMX Helsinki Major Media www.nurminenlogistics.com Nurminen Logistics Plc Nurminen Logistics provides high-quality logistics services, such as railway transports, terminal services, forwarding and special and heavy transports. The company has collected logistics know-how from three centuries, starting in 1886. Nurminen Logistics' main market areas are Finland, the Baltic Sea region, Russia and other CIS countries. The company's share is listed on NASDAQ OMX Helsinki. |
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