HONKARAKENNE OYJ STOCK EXCHANGE RELEASE 31 MAY 2010 AT 2.15 p.m.
HONKARAKENNE HAS RECEIVED THE FOLLOWING NOTICE IN ACCORDANCE WITH CHAPTER 2,
SECTION 9 OF THE FINNISH SECURITIES MARKET ACT:
Honka Management Oy's share of the total number of shares in Honkarakenne Oyj
increases above 5% due to an arrangement that, if completed, will lead to
situation in which the threshold as intended in Chapter 2 Section 9 of the
Securities Market Act increases above 5%.
1) Target company: Honkarakenne Oyj
2) Basis of notification of a change in shareholding: an arrangement that, if
completed, will lead to situation in which the threshold as intended in Chapter
2 Section 9 of the Securities Market Act increases above 5% of the total number
of shares.
3) Name of person subject to the notification obligation: Honka Management Oy,
Business ID 2337129-3
4) Share of total number of shares and voting rights in the target company:
Honka Management Oy holds Honkarakenne Oyj shares after the arrangment as
follows:
Number of shares: approximately 272,000 series B shares
Share of total number of shares: 5.3%
Share of voting rights: 2.5%
5) The essential content of the arrangement:
The members of the Honkarakenne Oyj Executive Group have established a limited
company named Honka Management Oy, whose entire share capital they own. The
intention of Honka Management Oy is to acquire Honkarakenne Oyj series B shares
partly from the market or from the members of the Executive Group at market
price, and partly from the Company. Some of the members of the Executive Group
will finance their capital investments in Honka Management by transferring a
proportion of Honkarakenne Oyj shares they hold to Honka Management or by
selling them to the market. The Board of Directors of Honkarakenne Oyj has on 31
May 2010 decided on a share issue directed to Honka Management Oy. The share
subscription period was 31 May 2010. A total of 220,00 new series B shares were
issued in the share issue. The Board of Directors decided on the approval of
subscription on 31 May 2010.
The basis of the calculation of the new shareholding is the total number of
shares of Honkarakenne Oyj after the share issue. The maximum number of shares
after the share issue is 5,168,968 with voting rights of 10,870,792.
Honkarakenne Oyj has a total of 4,948,968 shares before the share issue and a
total of 5,168,968 shares after the share issue.
HONKARAKENNE OYJ
Esa Rautalinko
President and CEO
Additional information:
President and CEO Esa Rautalinko,
tel. +358 400 740 997, e-mail: esa.rautalinko@honka.com
Distribution:
NASDAQ OMX Helsinki
Key media
www.honka.com
HONKARAKENNE HAS RECEIVED THE FOLLOWING NOTICE IN ACCORDANCE WITH CHAPTER 2, SECTION 9 OF THE FINNISH SECURITIES MARKET ACT:
| Source: Honkarakenne Oyj