The extraordinary general meeting of shareholders of Satama Interactive Plc (”EGM”) decided on 5 November 2007 to accept the merger of Satama and Trainers' House Oy in accordance with the Boards' proposals. The EGM also resolved on a share issue for the payment of the merger consideration so that up to 33.340.567 new shares in Satama will be issued. The shares will be offered as merger consideration to other shareholders of Trainers' House than Satama. The share capital of Satama will not be increased in connection with the merger. The increase in the equity of Satama will be recorded in its entirety in the invested free equity fund. The shares to be given as merger consideration will entitle the shareholder rights as of the date when the completion of the merger has been registered with the Finnish Trade Register. In accordance with the merger plan, the EGM also resolved to amend the Articles of Association of Satama in conjunction with the completion of the merger as follows: -the new trade name of the company is Trainers' House Oyj, in Swedish Trainers' House Abp and in English Trainers' House Plc; and -the main line of business of the company is to carry out training of the sales, marketing and leadership of companies and organizations, production, manufacturing, sales and transmittance of sales information systems and sales, marketing and leadership services as well as production, manufacturing, sales, distribution, maintenance and subcontracting of digital and written material relating to them and other business essentially relating to the production of digital services and training. Mr. Kai Seikku was appointed as a new member of the Board of Directors of Satama as of the registration of the completion of the merger. In a meeting of the Board of Directors of Satama held immediately after the EGM, the Board noted that all of the conditions precedent for the share purchase agreements between Satama and the owners of Trainers' House Oy announced in the stock exchange release on 29 August 2007 have been fulfilled. The share purchase agreements will be closed approximately on 6 November 2007. Trainers' House will merge into Satama approximately by the end of the year 2007. SATAMA INTERACTIVE PLC Jarmo Lönnfors, CEO FURTHER INFORMATION Jarmo Lönnfors, CEO, tel. +358 207 581 581 DISTRIBUTION Helsinki Stock Exchange Prominent media sources
Decisions of the Extraordinary General Meeting of Satama Interactive Plc
| Source: Trainers' House Oyj