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2008-12-18 16:30:00 CET 2008-12-18 16:30:01 CET REGULATED INFORMATION Trainer's House Oyj - Company AnnouncementA new exemption to Mr. Sarasvuo and Isildur Oy regarding a mandatory redemption offerTRAINERS' HOUSE PLC STOCK EXCHANGE RELEASE 18 DECEMBER 2008 AT 17:30 The Finnish Financial Supervision Authority has at December 18, 2008 granted a new exemption until June 30, 2009 to Mr. Sarasvuo and Isildur Oy regarding the obligation to present a mandatory redemption offer concerning the shares of Trainers' House Plc. The combined shareholding of Mr. Sarasvuo and Isildur Oy exceeded 30 percent as the shares, issued in conjunction with the merger of Trainers' House Plc (at the time Satama Interactive Plc) and Trainers' House Oy were registered to the Trade Register at December 31,2007. Trainers' House Plc published at August 29, 2007 an exemption to Mr. Sarasvuo and Isildur Oy granted by the Finnish Financial Supervision Authority regarding the obligation to present a mandatory redemption offer concerning the company. The terms and conditions of the exemption required that the combined shareholding of Mr. Sarasvuo and Isildur Oy will decline to 30% or under within one (1) year from the date that the new shares were registered to the Trade Register. The terms and conditions of the new exemption require that the combined shareholding of Mr. Sarasvuo and Isildur Oy will decline to 30% or under by June 30, 2009. Furthermore the terms and conditions state that Mr. Sarasvuo and Isildur Oy will not acquire or subscribe more shares or otherwise increase their ownership in the company and that Mr. Sarasvuo and Isildur Oy, together or separately, during the exemption do not in general meetings use voting rights exceeding the amount of votes calculated by deducting the shares owned by Mr. Sarasvuo and Isildur Oy from the total amount of shares issued by the company and multiplying the calculated amount by 3/7. The company's CEO Jari Sarasvuo and his controlled company Isildur Oy currently hold a total of 36.7% of the share capital of Trainers' House Plc. TRAINERS' HOUSE PLC Mirkka Vikström CFO DISTRIBUTION OMX Nordic Exchange Helsinki Prominent media sources |
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