HONKARAKENNE OYJ STOCK EXCHANGE RELEASE 8 DECEMBER 2009 AT 12.30 HOURS
DECISIONS OF HONKARAKENNE OYJ EXTRAORDINARY GENERAL MEETING
Authorizing the Board of Directors to decide on a share issue
The Extraordinary General Meeting of shareholders of Honkarakenne Oyj held today
authorized the Board of Directors to decide on a share issue. The issue may be a
rights issue or a bonus issue, provided that the maximum total number of new
shares issued is 1.200.000 B-series shares.
The authorization entitles the company to depart, within legal provisions, from
the shareholders' priority right to subscribe for new shares (directed issue).
The authorization may be used to execute acquisitions or put in place other
arrangements within the scope of the company's business or to finance
investment, improve the company's capital structure, assist in implementing the
company's incentive scheme or for other purposes designated by the Board of
Directors. The authorization includes the right to decide on the manner in which
the subscription price is recognized in the company's balance sheet. In any
case, no less than the amount of the nominal value shall be entered in the share
capital. Apart from cash, other property (subscription in kind) may be used to
pay the subscription price, either in full or in part. Furthermore, claims held
by the subscriber may be used to set off the subscription price.
The Board of Directors was authorized to determine the other terms and
conditions of the share issue.
The authorization of the Board of Directors to undertake the share issue shall
be in force until March 26, 2010, and it does not revoke the share issue
authorization given to the Board of Directors by the Annual General Meeting on
April 3rd, 2009.
Amendment of the Company's Articles of Association 11§
The Extraordinary General Meeting of shareholders of Honkarakenne Oyj resolved
to amend the Articles of Association 11 § as follows:
“The notice of the general meeting shall be communicated to the shareholders by
means of advertisement in the newspaper Kauppalehti no later than twenty one
(21) days prior to the date of the meeting or otherwise communicated to the
shareholders provably in writing. In order to attend a general meeting a
shareholder must notify the company by the date stated in the notice of the
meeting, which may be no more than ten days prior to the meeting.”
In Tuusula 8.12.2009
Honkarakenne Oyj
For further information:
CEO Esa Rautalinko, Esa.Rautalinko@honka.com
gsm +358 400 740997
Distribution:
NASDAQ OMX Helsinki
Key Media
Financial Supervisory Authority