LASSILA & TIKANOJA PLC STOCK EXCHANGE RELEASE 17 DECEMBER 2004
RESULTS OF LASSILA & TIKANOJA’S RIGHTS OFFERING
The Board of Directors of Lassila & Tikanoja plc has today approved all subscriptions, which were made in accordance with the terms and conditions of the rights offering between 23 November 2004 and 15 December 2004. According to the final results of the offering, 6,342,058 shares were subscribed for through the exercise of the subscription rights, representing 99.7 percent of the shares offered. The gross proceeds of the offering were EUR 47.6 million.
Trading of the interim shares, representing the shares subscribed for in the rights offering, commenced on 16 December 2004 on the Main List of the Helsinki Stock Exchange under the trading code “LAT1VN0104”. The increase in share capital corresponding to the shares subscribed for in the rights offering will be registered with the Finnish Trade Register and the interim shares will be combined with Lassila & Tikanoja plc’s existing class of shares on or around 22 December 2004.
Following the registration of the increase in the share capital as a result of the rights offering, Lassila & Tikanoja plc’s registered share capital will be 19,068,117 and will consist of 38,136,234 shares. All shares subscribed for in the rights offering have been paid for in full. The shares subscribed for in the rights offering will entitle their holders to full dividends declared by Lassila & Tikanoja plc and all other rights in the company conferred by the shares after the increase in the share capital has been registered with the Trade Register.
Helsinki, 17 December 2004
LASSILA & TIKANOJA PLC
Board of Directors
For additional information please contact Jari Sarjo,
President and CEO, tel. +358 10 636 2810.