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2009-06-23 13:00:00 CEST 2009-06-23 13:00:01 CEST REGULATED INFORMATION Sponda - Company AnnouncementSponda's rights offering oversubscribedNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO CANADA, JAPAN, OR THE UNITED STATES. SPONDA PLC STOCK EXCHANGE RELEASE 23 JUNE 2009 at 2:00 p.m. Sponda's rights offering oversubscribed The subscription period for Sponda's rights offering ended on 22 June 2009. Based on the preliminary result, approximately 211.6 million shares in total were subscribed for in the offering, representing approximately 127.1% of the approximately 166.5 million shares offered in the rights offering. According to the preliminary result, 99.0% of the offered shares were subscribed for pursuant to subscription rights and the remaining shares without subscription rights. Due to oversubscription in the rights offering, the underwriting by Danske Markets and UBS Investment Bank will not be used. In accordance with the terms and conditions of the rights offering, subscriptions made without subscription rights shall be primarily accepted for those subscribers who have also subscribed for shares pursuant to the subscription rights. The subscriptions will be accepted in proportion to the number of subscription rights subscribed for. Trading in interim shares representing the shares subscribed for pursuant to the subscription rights, as a separate class of securities, commenced today 23 June 2009. The interim shares will be combined with Sponda's existing share class when the shares have been registered with the Trade Register. Such combination is expected to occur on or about 30 June 2009 and the trading in the shares on the Helsinki Stock Exchange is expected to commence on or about 30 June 2009. The final results of the offering will be published on or about 25 June 2009. Helsinki, 23 June 2009 Sponda Plc Further information: Kari Inkinen, President and CEO, tel. +358 20 431 3311 This document is an advertisement for the purposes of applicable measures implementing Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive (the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus Directive will be published in connection with any offering of securities, and will be available at subscription locations in Finland. The information contained herein is not for release, publication or distribution, directly or indirectly, in or into Canada, Japan, or the United States. The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of any securities in the United States. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. This communication does not constitute an offer of securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FP Order”) and (iii) high net worth entities falling within Article 49(2) of the FP Order, and other persons to whom it may lawfully be communicated, (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State that has implemented the Prospectus Directive is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive. Copies of this announcement are not being made and may not be distributed or sent into Canada, Japan, or the United States. The Securities may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly within Australia except pursuant to an exemption from and in compliance with any applicable securities law. Danske Bank A/S, Helsinki Branch and UBS Limited are acting for Sponda Plc and no one else in connection with the rights offering and will not regard any other person (whether or not a recipient of this release) as a client in relation to the rights offering and will not be responsible to anyone other than Sponda Plc for providing the protections afforded to their respective clients or for providing advice in relation to the rights offering or any matters referred to in this release. Neither Danske Bank A/S, Helsinki Branch nor UBS Limited accepts any responsibility whatsoever for the contents of this release, and makes no representation or warranty, express or implied, for the contents of this release, including its accuracy, completeness or verification, or for any other statement made or purported to be made by it, or on its behalf, in connection with Sponda or the ordinary shares or the rights offering, and nothing in this release is or shall be relied upon as, a promise or representation in this respect whether as to the past or future. Danske Bank A/S, Helsinki Branch and UBS Limited accordingly disclaim to the fullest extent permitted by law all and any liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this release or any such statement. |
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