SanomaWSOY Corp. Stock Exchange Release 2 Aug 2007 at 12:00
SanomaWSOY Corporation's Board of Directors has decided to exercise the authorisation of the Annual General Meeting of 4 April to purchase SanomaWSOY's own shares with the Company's unrestricted equity. A maximum of 8,200,000 shares can be purchased
The Company's own shares will not be purchased in relation to the shareholdings of the existing shareholders. They will be purchased at the market price of the purchasing moment. The minimum purchasing price of a share is the lowest and the maximum purchasing price is the highest price noted on the public trade during the authorisation period.
According to the authorisation of the AGM, the shares will be purchased to develop the Company's capital structure, carry out potential corporate acquisitions or other business arrangements, or
to be otherwise disposed, retained as treasury shares, or invalidated.
The purchases will begin on or after 6 August 2007. The authorisation will be valid until the Annual General Meeting of 2008.
Senior Vice President
Finance and Administration
Additional information: SanomaWSOY's Group Communications, tel. +385 105 19 5062 or email@example.com
SanomaWSOY is the leading media group in the Nordic region operating in versatile fields of media in over 20 European countries. The Group has five divisions: Sanoma Magazines, Sanoma, SanomaWSOY Education and Books, SWelcom, and Rautakirja. In 2006, the Group employed over 18,000 people and its net sales were some EUR 2.7 billion.