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2011-02-08 09:00:00 CET 2011-02-08 09:00:02 CET REGULATED INFORMATION Panostaja Oyj - Company AnnouncementPANOSTAJA OYJ HAS BOUGHT BACK NOTE UNITS OF THE CONVERTIBLE SUBORDINATED LOAN 2006NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES Panostaja Oyj Stock Exchange Release 8.2.2011 10:00 a.m. PANOSTAJA OYJ HAS BOUGHT BACK NOTE UNITS OF THE CONVERTIBLE SUBORDINATED LOAN 2006 Panostaja Oyj (the “Company”) has bought back note units of the convertible subordinated loan 2006 for an aggregate consideration of EUR 12,288,658 (including accrued interest) through a deal executed on 7 February 2011. The note units were bought back at a price corresponding to the nominal value (100 per cent) of the note units added with accrued interest to the transaction date. The nominal value bought back by the company corresponds to approximately 54.5 per cent of the original nominal value of the convertible subordinated loan due 2012. The buy back of the note units is a part of a transaction where the Company has executed a share issue of 4,000,000 shares and issued a convertible capital loan of EUR 15,000,000. The buy back of the note units has been executed in order to improve the maturity schedule of the Company's long term debt. The Board of Directors of the Company has decided to cancel the repurchased note units, which is expected to take effect by the end of February. Panostaja Oyj Juha Sarsama CEO Additional information: CEO Juha Sarsama + 358 40 774 2099 The information contained herein is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Japan, South Africa 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. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan, South Africa or the United States. |
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