Panostaja Oyj Stock Exchange Bulletin May 4, 2016 5.15 p.m.
The Annual General Meeting of Panostaja Oyj held on February 5, 2015 authorized the Board of Directors to decide on one or more share issues and the granting of options and other rights entitling to shares as referred to in Chapter 10, Section 1 of the Limited Liability Companies Act. This authorization entitles to the issue of no more than 30,000,000 shares and applies to the issue of both new and company-held shares. On the basis of the authorization, the Board of Directors will decide on all terms and conditions for share issues and options as well as on the terms and conditions for the granting of special rights providing entitlement to shares.
Under the aforementioned authorization, Panostaja Oyj’s Board of Directors decided on May 4, 2016 to carry out a free-of-charge share issue of 800,000 shares, pursuant to Chapter 9, Section 20 of the Limited Liability Companies Act, to the company itself. This is to ensure that the company holds a sufficient number of its own shares for securing the commitment of key personnel and for other purposes decided on by the Board of Directors.
The new shares will be entered into the Trade Register around May 6, 2016. The new shares will be incorporated into Euroclear Finland Oy’s book-entry system around May 6, 2016, and they will be made available for public trading on NASDAQ OMX Helsinki around May 9, 2016.
ON BEHALF OF PANOSTAJA OYJ’S BOARD OF DIRECTORS
Juha Sarsama
CEO
Further information: Juha Sarsama +358 40 774 2099
Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. Panostaja operates in eight business segments, and Panostaja Group employs some 1,200 staff. Panostaja’s shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock Exchange. In the 2015 financial period, the Group’s official net sales totaled MEUR 148.2.