SanomaWSOY Corp. Stock Exchange Release 7 Feb 2008 at 10:00
SanomaWSOY's Board of Directors has today decided to cancel the treasury shares held by the Company. In total, SanomaWSOY holds 3,136,000 treasury shares equalling to 1.89% of Company's shares and votes.
Cancelling these own shares will decrease the number of shares from 165,716,604 to 162,580,604. The cancellation does not affect the Company's share capital. The decrease in the number of shares does not have significant effect to shareholdings or voting power of other SanomaWSOY shareholders.
The cancellation of treasury shares is estimated to be entered into the Trade Register on 18 February 2008.
SanomaWSOY began share buyback on 10 August 2007 on the basis of an authorisation from Annual General Meeting of 4 April 2007. These cancelled shares have been purchased from OMX Nordic Exchange Helsinki during 10.8.2007-23.1.2008, and the Company has used EUR 61.6 million of its unrestricted equity. The authorisation is valid until 1 April 2008. SanomaWSOY shares can be acquired to develop the Company's capital structure, carry out potential corporate acquisitions or other business arrangements, or to be otherwise transferred, retained as treasury shares or cancelled.
Senior Vice President
Finance and Administration
Additional information: SanomaWSOY's Group Communications, tel. +385 105 19 5062 or firstname.lastname@example.org
SanomaWSOY provides information, experiences, education and entertainment to millions of people. Quality content, products and services that are creative and customer centric, and efficient distribution ensure satisfaction for our customers in the more than 20 European countries we operate in. With net sales of EUR 2.7 billion, SanomaWSOY was the largest media company in the Nordic countries in 2006. The Group employs nearly 20,000 people.