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Oriola-KD Corporation has investigated the develop

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Post# of 301275
Posted On: 10/21/2013 11:15:14 AM
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Posted By: News Desk 2018
Oriola-KD Corporation has investigated the development of its capital structure

Oriola-KD Corporation Stock Exchange Release 21 October 2013 at 6:00 p.m. The Board of Directors of Oriola-KD Corporation ("Oriola-KD" or the "Company") has investigated possibilities for developing the Company's capital structure. In this context, the Company has also investigated the preconditions for combining the current two share classes of the Company, as well as for strengthening the Company's balance sheet with equity financing. The request for the investigation of the combination of the share classes was presented by a group of shareholders holding more than 10 per cent of the shares of Oriola-KD and more than 15 per cent of the total votes. The Board estimates that the conducted investigations do not currently give rise to any further measures. A resolution concerning the combination of the share classes would require, among other things that the resolution receives consent from the majority of shares in the share class whose rights would be reduced. Based on its investigations, the Board of Directors estimates that it could not secure the aforesaid consents even if the shareholders of the class A shares with multiple votes would be offered a market-term premium in conjunction with the combination. The Board presented as its recommendation a premium of 8.3 per cent to be offered to the owners of class A shares. The presented premium level was based on an analysis of market data up until 11 October 2013 by an external advisor. On the basis of its investigations the Board of Directors also estimates that currently the Company could not secure commitments from the Company's largest shareholders to take part, for example, in a rights issue during the year 2013. The Board of Directors will continue its investigations concerning the development of the Company's capital structure as part of the Company's ordinary operations. The aforesaid does not change the Company's previous estimates of the Company's funding positions or its outlook for the current financial year. Oriola-KD Corporation Board of Directors For additional information, please contact: Jukka Alho Chairman of the Board of Directors tel. +358 40 7367433 Tuomas Itkonen CFO tel.  +358 46 876 5207 e-mail: tuomas.itkonen@oriola-kd.com Petter Sandström General Counsel, secretary to the Board of Directors tel.  +358 10 429 5761 e-mail: petter.sandstrom@oriola-kd.com Distribution NASDAQ OMX Helsinki Ltd Key media Released by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo www.oriola-kd.com [HUG#1737041]



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