English

HELSINKI DISTRICT COURT LEFT THE REDEMPT

Report this content 
ELISA CORPORATION                   STOCK EXCHANGE RELEASE
                                   12 MARCH 2004 AT 3.30pm


HELSINKI DISTRICT COURT LEFT THE REDEMPTION PRICE OF OY RADIOLINJA 
AB SHARES UNCHANGED

The Helsinki District Court has ruled the redemption price Elisa
Corporation must pay to Lännen Puhelin Oy and Salon Seudun Puhelin 
Oy for an aggregate of 4,379 shares in compliance with Chapter 14
Sections 19-21 of the Companies Act.  The Helsinki District Court
decided that the redemption price is EUR 7,904.83 per share (FIM
47,000), which is the same sum as set by the ruling of the
arbitration panel on 29 May 2001. Parties are entitled to appeal to
the Court of Appeal.

Elisa Corporation booked the debt from the redemption price in 2001
in accordance with the sum FIM 47,000 set by the arbitration panel.
Therefore, the decision by the District Court will have no effect 
on Elisa’s consolidated financial statements.

In addition, Elisa has a pending trial between other parties on the
redemption price of 325 shares in the Helsinki District Court.

ELISA CORPORATION
Velipekka Nummikoski
Vice President, Corporate Communications

Additional information:

Mr Jyrki Arjanne, Senior Corporate Counsel
Tel. +358 50 301 9213

Distribution:
Helsinki Exchanges
Major media

Subscribe