SanomaWSOY Corporation has today published a notice of the Annual General Meeting, which will be held on April 4, 2007.
The Board of Directors proposes that the AGM will authorise the Board to purchase Company's own shares and to issue new shares. As additional information on these Board proposals to the AGM, the following details are given.
The Board of Directors' proposal for authorisation to decide on the purchase of Company's own shares
The Board of Directors proposes that the Board be authorised to decide on the purchase of Company's own shares until the AGM of 2008.
A maximum of 8,200,000 shares can be purchased. These Company's own shares will not be purchased in relation to the shareholdings of the existing shareholders. They will be purchased with the Company's non-restricted equity at the market price of the purchasing moment. However, the minimum purchasing price of a share is the lowest market price in the public trading and the maximum purchasing price is the highest price noted on the public trade during the authorisation period.
The Board of Directors' proposal for authorisation to decide on the issue of shares
The Board of Directors proposes that the Board be authorised, until the AGM of 2010, to decide on the issue of new shares, the disposal of Company's own shares held by Company, and the issuance of special rights entitling to shares. The authorisation does not exclude the right of the Board of Directors to decide on a directed share issue.
With this authorisation, and as a result of the use of special rights, the Board is authorised to decide on an issuance of a maximum of 82,000,000 new shares and a disposal of a maximum of 5,000,000 Company's own shares (treasury shares) held by Company. In a directed share issue, a maximum of 41,000,000 shares can be issued or disposed.
With this authorisation, the Board is authorised to issue a maximum of 5,000,000 stock options as part of the incentive programme of the Company.
Additional information: SanomaWSOY's Group Communications, tel. +385 105 19 5062 or firstname.lastname@example.org
Senior Vice President
Finance and Administration
Helsinki Stock Exchange