CONVEYANCE OF KYRO CORPORATION?S OWN SH
Kyro Corporation STOCK EXCHANGE RELEASE 07.01.2003 at 09.00 am
CONVEYANCE OF KYRO CORPORATIONS OWN SHARES
Kyro Corporation has conveyed the companys own shares as partial
consideration in a business acquisition, where the subsidiary of
Kyro Corporation, Tamglass Ltd. Oy, purchases 70 % of the shares of
Suomen Lämpölasi Oy.
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 in accordance with the
acquisition agreement is based on the average trading price during
22.12.2002 3.1.2003. The conveyed shares amount to x.x % of all
Kyro shares.
Conveyance of the companys own shares:
Date: 7.1.2003
Trading: Conveyance outside public trading
Share: KRO1V
Combined value: EUR 400.000
Share amount: 63 005
Share price: EUR 6.34
The amount of own shares held by Kyro Corporation after the
conveyance is 1.420.825.
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
Central media