Mets?itto to launch a capital programme aimed at strengthening its equity
(Thomson Reuters ONE) - Mets?itto Group Stock Exchange release 18 January 2010 at 1.30 pmMets?itto to launch a capital programme aimed at strengthening its equityMets?itto Group has today made a preliminary decision to launch a capitalprogramme with the purpose of strengthening its equity to correspond to thecompany's current and future business structure. The assets to be accrued willbe mainly used for financing new business operations.Through the capital programme aimed at Mets?itto's owner members, the memberscan subscribe A and B additional shares. In addition, the programme includes theremoval of the current upper limit for the obligatory shares. Furthermore,Mets?itto intents to issue a new C additional share, on the basis of which theowners can, in addition to any interest, gain additional profit as cashpayments, the amount of which depends on the rate development of M-realCorporation's B-share on the Helsinki Stock Exchange. Mets?itto members whoown A and B additional shares, or subscribe them during the programme areentitled to subscriptions of C additional share. The terms and conditions of Cadditional shares are otherwise identical to the current B additional shares,and the same annual interest will be paid on them as on the B additional shares."I believe that our capital programme will serve the benefits of our members andthe strategic objectives of our business operations. Mets?itto Group'sbusiness structure is very close to the objective set in 2005 and the mostsignificant structural changes have been carried out. The strategic review ofM-real's paper business continues. Also other industrial arrangements increasingthe owner value are possible when business needs change," says Kari Jordan,President and CEO of Mets?itto Group.Today, the Supervisory Board has approved in its meeting the changes in rulesrequired to execute the capital programme and presented them to theRepresentative Council for approval. The Board of Directors will decide on thelaunch of the programme, its exact starting date, and the subscriptions periodsand terms during the first quarter in 2010 following the meeting of theRepresentative Council.The capital programme will be organised by Pohjola Corporate Finance Oy.Additional information:Esa Kaikkonen, General Counsel, Mets?itto Group, tel. +358 10 465 4749Anne-Mari Achr? Group CCO, Mets?itto Group, tel. +358 10 465 4541[HUG#1374288]
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Datum: 18.01.2010 - 12:32 Uhr
Sprache: Deutsch
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