Sanoma Corporation, a division of SanomaWSOY Group, is one of the parties to a conditional Sale and Purchase Agreement regarding Janton Oyj's shares. If the terms of the Agreement are fulfilled, Sanoma Corporation will sell its 21.37% holding in Janton Oyj (totally 2,137,200 shares) to BA Capital Management Europe II LLC or to its transferee for EUR 13 per share. The divestment is in line with SanomaWSOY's strategy to divest its non-core assets and holdings.
The deal is contingent on Purchaser's due diligence, approval of Purchaser's background groups, and third party approvals among others.
If the terms of the Agreement are fulfilled, Sanoma Corporation's holding will go below one fifth. As required by the Securities Markets Act, Chapter 2, Section 9, we report the following information to the Financial Supervision and Janton Oyj:
Complete name of the company:
Date of change in ownership:
If the terms of the Agreement are fulfilled, the estimated date will be in December 2003.
Holding in Janton's votes and shares:
Before the deal Sanoma Corporation holds 2,137,200 Janton Oyj shares, equivalent to 21.37% of total shares and voting rights.
After the conclusion of the deal Sanoma Corporation holds no Janton Oyj shares, equivalent to 0% of total shares and voting rights.
Janton Oyj's share capital consists of 10,000,000 shares. The shares carry in total 10,000,000 votes.
Complete name and business identity code of the shareholder:
Sanoma Corporation, business identity code 1515901-4
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