Helsinki, Finland, 2015-05-12 11:45 CEST (GLOBE NEWSWIRE) -- Norvestia Oyj Stock exchange release 12 May 2015 at 12.45
SHAREHOLDER’S REQUEST TO CONVENE AN EXTRAORDINARY GENERAL MEETING OF NORVESTIA OYJ
The Board of Directors of Norvestia Oyj has on 12 May 2015 received from shareholder Kaupthing hf. and CapMan Plc a demand in accordance with Chapter 5 Section 4 of the Finnish Companies Act to convene an extraordinary general meeting of Norvestia Oyj to decide upon the shareholders’ proposal to combine the share classes of Norvestia Oyj and proposal on the composition of the Board of Directors. Pursuant to the disclosure of holdings received today Kaupthing hf. owns 11.05 per cent of the shares in Norvestia Oyj and 41.81 per cent of the total votes, and CapMan Plc owns 21.69 per cent of the shares in Norvestia Oyj and 14.19 per cent of the total votes.
According to the notification by Kaupthing hf. and CapMan Plc the shareholders are to propose to the extraordinary general meeting of Norvestia Oyj combination of the current class A shares and class B shares by way of amending the Articles of Association so that after the combination the company shall have only one class of shares with all shares carrying one (1) vote each and having otherwise also equal rights. Pursuant to the notification by the shareholders the proposed combination of share classes will be completed without compensation to holders of the current class A shares. In addition the shareholders have informed that they are to propose to the extraordinary general meeting of Norvestia Oyj a proposal on the composition of the Board of Directors of the company.
The notice to convene the extraordinary general meeting of Norvestia Oyj is to be released as soon as possible.
NORVESTIA OYJ
Juha Kasanen
Managing Director
Tel. +358-9-6226 380
DISTRIBUTION
Nasdaq Helsinki
Main media
www.norvestia.fi