SanomaWSOY Corporation's share capital has increased by EUR 416,887.58 corresponding to 969,506 shares due to 3,000 shares subscribed with 2001A stock options and 3,000 shares subscribed with 2001B stock options, as well as convertible capital note conversion. A total of 1,533 notes of SanomaWSOY's convertible capital note were converted into 963,506 shares.
The increase of share capital was entered into the Trade Register on August 14, 2006 and the trading with the new shares begins on the Main list of Helsinki Stock Exchange on August 15, 2006.
Due to combination of SanomaWSOY's Series A and Series B shares into one share series, the Board of Directors of SanomaWSOY has specified the terms and conditions of the convertible capital loan as stated in section 17 of the terms and conditions on the capital loan. The loan can now be converted into SanomaWSOY's shares (previously into SanomaWSOY's Series B shares). The terms of SanomaWSOY's stock option schemes have been specified accordingly.
For the new shares subscribed with stock options, all shareholder rights commence from the date on which the increase in share capital is entered into the Trade Register. SanomaWSOY's convertible capital notes converted into the new shares entitle their holders to a dividend for the first time for the financial year during which the conversion has taken place. Other shareholder rights commence from the date on which the increase in share capital is entered into the Trade Register.
In total, SanomaWSOY's share capital increased from EUR 68,528,946.49 to EUR 68,945,834.07, and the number of shares grew from 159,369,643 to 160,339,149 shares.
SanomaWSOY announced the Warrant Scheme 2001 on 31 January 2002. SanomaWSOY informed about the previous share conversion with 2001 stock options and the increase of share capital on June 27, 2006.
Trading with the convertible capital notes began on Helsinki Stock Exchange on 6 September 2001. The imputed conversion price of a share is EUR 15.91 and the nominal value of each note is EUR 10,000. A fixed annual interest of 5.25% is payable on the notes. When issued, the loan totalled EUR 200 million. After the conversion, the loan amounts to EUR 75.0 million. In total, SanomaWSOY has redeemed and invalidated 4,944 notes. The redeemed notes will be invalidated every six months.
SanomaWSOY informed about the previous conversion and the increase of share capital on December 23, 2005.
Further information: SanomaWSOY's IR & Group Communications, tel. +385 105 19 5062 or firstname.lastname@example.org
Senior Vice President
Finance and Administration
Helsinki Stock Exchange