Panostaja Oyj Stock Exchange Bulletin, 24th March 2010, 04:30 p.m.
Notification of change in holdings
Panostaja Oyj has today gained knowledge of the following notification under
Chapter 2, Section 9 of the Finnish Securities Market Act regarding a change of
holdings in the company, according to which the potential future holding of
Etera Mutual Pension Insurance Company in Panostaja Oyj is, as a result of the
subscription of convertible bonds made on 15 January 2007, in
total 6,250,000 shares and votes if Etera Mutual Pension Insurance Company would
exercise its conversion rights relating to Panostaja Oyj's Exchangeable capital
loan 2006 in full. The holding corresponds to 11.98 percent of all the shares
and votes in Panostaja Oyj after the conversion taking into account the number
of shares issued by the date of this release.
Notification by Etera Mutual Pension Insurance Company under Chapter 2, Section
9 of the Finnish Securities Market Act:
1. Issuer of shares
Panostaja Oyj, Business ID: 0585148-8
2. Shareholder under obligation to notify
Etera Mutual Pension Insurance Company
Identification information:
Business ID: 0117086-1
Address: Palkkatilanportti 1, 00240 Helsinki
3. Grounds for the notification
Agreement / other arrangement which, when effected, will result in acquisition
of shares or votes.
4. Threshold for notification which will be exceeded in the event the agreement
/ arrangement is effected
The portion of shares and votes of Etera Mutual Pension Insurance Company
exceeds 10 percent.
5. Information to be notified
5.A. The current portion of shares and votes of Etera Mutual Pension Insurance
Company:
1,500,000 shares and votes(ISIN code FI0009800379) in Panostaja Oyj, i.e. the
portion of Etera Mutual Pension Insurance Company is 3.16 percent of the number
of shares and votes.
5.B. Agreement or other arrangement
Etera Mutual Pension Insurance Company has on 15 January 2007 subscribed for
Panostaja Oyj's Exchangeable capital loan 2006. The right to convert the bonds
into shares ends 31 January 2012.
The number of shares and votes that Etera Mutual Pension Insurance Company can
receive by using its conversion right: 4,750,000 shares and votes, i.e. 9.11
percent of the number of shares and votes. The portions have been calculated in
relation to the number of shares and votes in the company that would exist
provided that Etera Mutual Pension Insurance Company would exercise its
conversion rights relating to the exchangeable capital loan 2006 in full, i.e.
in relation to the following number of shares and votes: 52,153,110.
5.C. The aggregate current and potential future holding of Etera Mutual Pension
Insurance Company (5.A + 5.B)
The number of shares and votes 6,250,000, i.e. 11.98 percent of the number of
shares and votes. The portions have been calculated in relation to the number
of shares and votes in the company that would exist provided that Etera Mutual
Pension Insurance Company would exercise its conversion rights relating to the
exchangeable capital loan 2006 in full, i.e. in relation to the following number
of shares and votes: 52,153,110.
PANOSTAJA OYJ
Juha Sarsama
CEO
For further information, please contact Juha Sarsama +358 40 774 2099