The board of directors of the company has approved the requests to convert Sanoma-WSOY Oyj A-shares into Sanoma-WSOY Oyj B-shares presented by Oy Asipex Ab (Mr. Aatos Erkko's investment company), Mr. Robin Langenskiöld and Ms. Rafaela Seppälä as follows:
Oy Asipex Ab, 150,701 shares
Robin Langenskiöld, 23,035 shares
Rafaela Seppälä, 23,036 shares
Share conversion is connected with arrangements, aimed at reducing the voting power in SanomaWSOY of Sanoma Corporations traditional shareholders as agreed in connection with merger, as was announced publicly on 15 May 1998.
The total numbers of shares after the conversion:
A-shares 5,805,123 shares representing 116,102,460 votes. B-shares 30,575,276 shares representing 30,575,276 votes. The total number of shares will remain unchanged 36,380,399 shares, total votes 146,677,736.
A-shares carry 20 votes and B-shares one vote each. The conversion can be made within the minimum and maximum number of shares of each class permitted by the articles of association if a shareholder so requests. The A-shares will be converted into B-shares as soon as the transaction is entered in the Trade Register; this will be communicated separately.
The votes held by the above-mentioned individual shareholders after the conversion are:
% of votes
% of shares
Aatos Erkko ja Oy Asipex Ab
In connection with arrangements, Ms. Patricia Seppälä has announced her intention to donate 63,437 shares of class A and 4 shares of class B to a foundation which she has established but which will not be controlled by her.
Investor Relations and Group Communications