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2009-12-23 12:30:00 CET 2009-12-23 12:30:01 CET Wulff-Yhtiöt Oyj - Tender offerTHE FINAL PRICE OF THE ACQUISITION OF STRÅLFORS SUPPLIES AB AND THE SALE OF ADDITIONAL SHARES TO KEY PERSONNELWULFF-GROUP PLC STOCK EXCHANGE RELEASE 23.12.09, 1:30 p.m. THE FINAL PRICE OF THE ACQUISITION OF STRÅLFORS SUPPLIES AB AND THE SALE OF ADDITIONAL SHARES TO KEY PERSONNEL The final price of the acquisition of a majority interest in Strålfors Supplies AB, confirmed by Wulff-Group Plc on July 31st, 2009, has been agreed by the parties. The final price was specified to total SEK 34.9 million (EUR 3.4 million), while the price determined earlier was SEK 37.2 million(EUR 3.6 million). In conjunction with the confirmation, Wulff-Group Plc will sell to five key personnel 8% of the shares of the Holding company that owns Strålfors Supplies AB's shares. After the acquisition, 60% of the Holding company will be owned by Wulff-Group Plc, 20% by Strålfors Supplies AB's key personnel, and 20% by Strålfors AB. The price of the sold shares was tied to the net asset value of the company. Wulff-Group Plc will acquire the remaining 20% of shares from Strålfors AB in 2011. Strålfors Supplies AB significantly boosted Wulff-Group Plc's business in Scandinavia. The Strålfors deal also made it the biggest Nordic player in the office world. Customers will also see the co-operation of the Group's Nordic companies in their brand, when Strålfors Supplies AB's name changes on January 1st, 2010 into Wulff Supplies AB. WULFF-GROUP PLC Heikki Vienola CEO www.wulff.fi Further information: Heikki Vienola, CEO tel. +358 9 5259 0050 or +358 50 65 110 email: heikki.vienola@wulff.fi Petri Räsänen, CFO tel. +358 (0)9 5259 0050 or +358 (0)40 728 1516 e-mail: petri.rasanen@wulff.fi Distribution: NASDAQ OMX Helsinki Key media www.wulff.fi |
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