LÄNNEN TEHTAAT PLC STOCK EXCHANGE RELEASE 23 February at 17;00 p.m.
SALE OF SHARES IN THE JOINT BOOK-ENTRY ACCOUNT COMPLETED
In total 51,910 shares held in the joint book-entry account of Lännen Tehtaat
plc have been sold in public trading on NASDAQ OMX Helsinki Ltd. These shares
represent approximately 0.8 percent of the share capital and voting rights of
Lännen Tehtaat plc.
The sale was based on the decision made by Lännen Tehtaat plc's Annual General
Meeting on 29 March 2007 to sell the company's shares in the joint book-entry
account that have not been transferred to book-entry system in the name of the
owners of the shares according to the old Securities Market Act (29 September
1978/734) Chapter 3a Section 3a and section 8 of the Implementing Act of the new
Companies Act (624/2006).
Proceeds deducted by the announcement and sales costs will be deposited to the
State Provincial Office of Western Finland. The owner or other right holder of
the shares previously on the joint account is then entitled to a share of
proceeds corresponding to the amount of his/her share holdings. Withdrawal of
the share of proceeds can be made after the deposition has been approved by the
State Provincial Office.
To claim their portion of the proceeds from the sale of the shares, shareholders
or other right holder must present a claim and submit their share certificates
and any evidence of title to the Turku office of the State Provincial Office of
Western Finland. The percentage of the sales proceeds to which a claimant is
entitled will be paid out of the funds deposited with the State Provincial
Office of Western Finland upon presentation of the aforementioned documents. The
right to proceeds from the sale of the shares will expire in ten years' time
from the date of depositing the funds with the State Provincial Office.
LÄNNEN TEHTAAT PLC
Asmo Ritala
Corporate councel
More details: Asmo Ritala, tel. +358 10 402 4005
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.lannen.fi