LASSILA & TIKANOJA PLC STOCK EXCHANGE ANNOUNCEMENT 18 NOVEMBER 2004
LASSILA & TIKANOJA’S INCREASE OF SHARE CAPITAL ENTERED IN TRADE REGISTER
The increase of the share capital of Lassila & Tikanoja plc carried out on the basis of the bonus issue decided by the Extraordinary Shareholders’ Meeting held on 15 November 2004 has today been entered in the Trade Register.
The Company’s share capital was increased by a bonus issue from EUR 7,948,544 to EUR 15,897,088. In the bonus issue, each share entitled its holder to receive one new share without payment. 15,897,088 new shares were issued. The number of shares is now 31,794,176. The book counter value of a share is EUR 0.50.
The record date of the bonus issue is 18 November 2004. The new shares will be entered in the shareholders’ book-entry accounts on 19 November 2004. The new shares will entitle their holders to full dividends and other rights in the Company conferred by the shares after the increase of the share capital has been registered in the Trade Register. The new shares will be subject to public trading on the Helsinki Stock Exchange Main List on 19 November 2004 together with the existing shares.
The bonus issue will double the number of stock options issued under the stock option plan 2002 and the number of shares that can be subscribed for pursuant to the stock options. The subscription ratio will remain unchanged, i.e. one share can be subscribed for pursuant to each stock option. The share subscription price will be divided by two due to the bonus issue.
On 12 November 2004, the Financial Supervision Authority has granted Lassila & Tikanoja plc an exemption from the obligation to publish the Listing Particulars in connection to the bonus issue.
LASSILA & TIKANOJA PLC
Sirkka Tuomola
Vice President and CFO
For additional information please contact Sirkka Tuomola, Vice President and CFO, tel +358 10 636 2883.