A total of 1,100 notes of SanomaWSOY Corporation's convertible capital note, nominal value of EUR 10,000 each, were converted into Series B shares. The Company's share capital increased by EUR 297,290.39 corresponding to 691,373 shares.
The increase of share capital was entered into the Trade Register on 5 October 2005 and the trading with the new shares begins on the Main list of Helsinki Stock Exchange on 6 October 2005. The new shares entitle their holders to a dividend for the first time for the financial year during which the conversion has taken place. Other shareholder rights commence from the date on which the increase in share capital is entered into the Trade Register.
The share capital of SanomaWSOY has increased from EUR 66,660,660.13 to EUR 66,957,950.52 and the number of Series B shares has increased from 131,897,479 to 132,588,852 shares. The number of Series A shares remains at 23,127,312.
Also Rauramo and Syrjänen Converted
SanomaWSOY's Chairman of the Board & CEO Jaakko Rauramo converted ten and SanomaWSOY's President & COO Hannu Syrjänen five notes of convertible capital note into Series B shares. After the conversion, Jaakko Rauramo owns 2,452 SanomaWSOY's Series A and 48,694 Series B shares. Hannu Syrjänen owns 23,142 Series B shares after the conversion.
Trading in the subordinate notes began on Helsinki Stock Exchange on 6 September 2001. The imputed conversion price of a share is EUR 15.91. A fixed annual interest of 5.25% is payable on the notes. When issued, the loan totalled EUR 200 million. After the conversion, the loan amounts to some EUR 109 million. In total, SanomaWSOY has redeemed and invalidated 4,944 notes. The redeemed notes will be invalidated every six months.
SanomaWSOY informed about the previous conversion and increase of share capital on 12 August 2005.
For this year the conversion period of the convertible capital notes ends on 30 November 2005.
Further information: SanomaWSOY's IR & Group Communications, tel. +385 105 19 5062 or email@example.com
Senior Vice President
Finance and Administration
Helsinki Stock Exchange