|
EVOX RIFA GROUP OYJ STOCK EXCHANGE RELEASE
on May 31, 2002 at 14:30 p.m.
DECISIONS OF THE EVOX RIFA GROUP OYJ’S EXTRAORDINARY
GENERAL MEETING, MAY 31, 2002
The Extraordinary General Meeting of Evox Rifa Group Oyj
decided in accordance with the Board's proposal to increase
the share capital of the company to the following effect:
The share capital of the Company will be increased by not
less than EUR 0.05 and not more than EUR 4,334,275.45, by
issuing a minimum of one and a maximum of 86,685,509 new shares
with a nominal value of EUR 0.05 each.
The new shares are offered pursuant to the shareholders’
primary and secondary pre-emptive subscriptions rights to
shareholders who are registered in the register of shareholders
of the Company on the record date, June 5, 2002. Such shareholders
can subscribe for, pursuant to their primary pre-emptive subscription
rights, one new share for each one old share. Shareholders
who have exercised their primary pre-emptive subscription
rights can, pursuant to their secondary pre-emptive subscription
rights, subscribe for new shares that have not been subscribed
for pursuant to the primary pre-emptive subscription rights.
In the event of over-subscription, the number of shares allocated
to shareholders pursuant to the exercise of secondary pre-emptive
subscription rights will be limited to an amount proportionate
to such shareholders’ respective shareholdings on the
record date, June 5, 2002, but subject to the maximum number
of new shares applied for.
Shareholders must exercise their primary and secondary pre-emptive
subscription rights within the period commencing on June 19,
2002, and expiring on July 2, 2002. The Board has the right
to offer any new shares that are not subscribed for to third
parties as it considers appropriate. Subscriptions pursuant
to such an offer by the Board must be made on or before July
8, 2002. The Board may also offer such shares for subscription
to parties that belong to the inner circle of the Company.
The subscription price for the new shares will be €0.07
per share. The subscription price will be the same for new
shares subscribed for pursuant to the primary and secondary
pre-emptive subscription rights as well as for new shares
subscribed for after the exercise of pre-emptive rights. The
subscription price has to be paid upon subscription.
The basis for determining the subscription price was the
market price for Evox Rifa Group’s share at the time
of the determination of the subscription price, the recent
developments of the share’s market price and the general
trends on the stock market.
The new shares will entitle their holders to the full dividend,
if any, payable in respect of the fiscal year 2002. The new
shares will confer other shareholder’s rights on their
holders from the date of the registration of the increase
of the share capital in the Trade Register.
Stock options issued pursuant to the resolution of the Extraordinary
General Meeting, dated November 14, 2000, will not carry the
right to participate in the offering. The Board has on May
15, 2002, in accordance with the terms and conditions of the
stock options, amended the exercise price of the shares that
can be subscribed for pursuant to the exercise of stock options
in a manner that guarantees the equal treatment of stock option
holders and shareholders.
The terms and conditions of the offering, instructions to
subscribers and listing particulars will be published on June
17, 2002.
For more information, please contact
Harri Launonen
President of Evox Rifa Group
at +358 9 5406 5001.
Evox Rifa Group Oyj
Harri Launonen
President
Distribution:
Helsinki Exchanges
Principal Press and Media
|
