Determination of acquisition costs of Ahlstrom and Munksjö shares for Finnish taxation
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE June 24, 2013 at 09.00
Ahlstrom's Label and Processing business in Europe (LP Europe) was transferred
to Munksjö Oyj through a partial demerger, which was registered with the Finnish
Trade Register on May 27, 2013. The original acquisition cost of Ahlstrom shares
will be divided between Ahlstrom shares and Munksjö shares received in the
demerger in Finnish income taxation. The acquisition cost is used for the
calculation of capital gains and/or losses from share transactions for the basis
of Finnish taxation.
Based on the average weighted trading prices, the proportion of the current
values of Munksjö and Ahlstrom shares do not differ significantly from the
proportion of net assets of LP Europe and the total net assets of Ahlstrom.
Thus, the original acquisition cost of Ahlstrom's shares is divided based on the
proportion of net assets at the effective time of the demerger. LP Europe's
transferred net assets were 11.3% of the total net assets of Ahlstrom.
Ahlstrom shareholder received one Munksjö Oyj share for each four shares held in
Ahlstrom prior to the completion of the LP Europe demerger. Of the original
acquisition cost of one Ahlstrom share, 11.3% will be transferred to an
acquisition cost of 0.25 Munksjö share.
Example: If an Ahlstrom shareholder has purchased four Ahlstrom Oyj shares at a
total price of EUR 40 (EUR 10 per share), then the acquisition cost of one
Munksjö share received through LP Europe demerger consideration is EUR 4.52
(11.3%* EUR 40). The acquisition cost of the four Ahlstrom shares will then be
EUR 35.48 or EUR 8.87 per share.
This does not apply to Ahlstrom shareholders residing permanently outside of
Finland. Shareholders who are tax resident outside of Finland are recommended to
contact their tax advisors or local tax office regarding the split of the
acquisition cost in taxation.
For more information, please contact:
Juho Erkheikki
Manager, Financial Communications & Investor Relations
Tel. +358 10 888 4731
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 28 countries on six continents. Ahlstrom's share is quoted on the
NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE
[HUG#1711419]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 272345
Anzahl Zeichen: 3701
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Determination of acquisition costs of Ahlstrom and Munksjö shares for Finnish taxation"
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