SanomaWSOY Corporation's share capital has increased by EUR 193,583.42 corresponding to 450,194 shares due to 7,900 shares subscribed with 2001A stock options and 14,900 shares subscribed with 2001B stock options, as well as convertible capital note conversion. A total of 680 notes of SanomaWSOY's convertible capital note were converted into 427,394 shares.
The increase of share capital was entered into the Trade Register on October 5, 2006 and the trading with the new shares begins on October 6, 2006.
Convertible capital note conversion into SanomaWSOY's shares
Trading with the convertible capital notes began on Helsinki Stock Exchange on September 6, 2001. The annual conversion period for the notes is from January 2 to November 30. In 2007, the conversion period will end on June 20, as the loan shall be repaid in a bullet payment on July 4, 2007.
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. Thus, those noteholders, who have converted their notes into shares before November 30, 2006, are entitled to a dividend from financial year 2006.
The imputed conversion price of a share is EUR 15.91. A fixed annual interest of 5.25% is payable on the notes. The interest is paid annually on July 4, and the last interest is paid at maturity.
When issued, the loan totalled EUR 200 million. After the conversion, the loan amounts to EUR 68.2 million.
In total, SanomaWSOY's share capital increased from EUR 68,945,834.07 to EUR 69,139,417.49, and the number of shares grew from 160,339,149 to 160,789,343 shares after the stock option subscription and convertible capital note conversion.
Different from the convertible capital loan, 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 announced the Warrant Scheme 2001 on January 31, 2002. SanomaWSOY informed about the previous share conversion with 2001 stock options as well as conversion of the capital notes on August 14, 2006.
Additional information: SanomaWSOY's Group Communications, tel. +385 105 19 5062 or email@example.com
Senior Vice President
Finance and Administration
Helsinki Stock Exchange