CONVEYANCE OF KYRO CORPORATION?S OWN SH
Kyro Corporation STOCK EXCHANGE RELEASE 20.01.2003 at 05.30 pm
CONVEYANCE OF KYRO CORPORATIONS OWN SHARES
Kyro Corporation has conveyed the companys own shares as partial
consideration in a business acquisition, where Kyro Corporation,
purchases all the shares of Z. Bavelloni Immobiliare S.p.A.
The conveyance is based on the authorisation given by Kyro
Corporations Annual General Meeting, held on 20 March 2002. A
separate stock exchange release concerning the acquisition has been
issued as of this date.
The valuation of the conveyed shares is 5.97 euros per share based
on the acquisition agreement being the share price under the day of
signing. The conveyed shares amount to 3.0 % of all Kyro shares.
Conveyance of the companys own shares:
Date: 20.1.2003
Trading: Conveyance outside public trading
Share: KRO1V
Combined value: EUR 7,000,000
Share amount: 1,172,533
Share price: EUR 5.97
The amount of own shares held by Kyro Corporation after the
conveyance is 248,292.
Additional: CFO Veli Kronqvist, 358-400-838 140
Information
Investor Relations: Kyro Corporation, Mr. Mika Nevalainen,
VP, Corporate Communications,
+358 400 882 024, IR pages at the Internet
address www.kyro.fi
Distribution: The Helsinki Stock Exchange
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