English

DECISIONS OF THE EXTRAORDINARY GENERAL MEETING ON 25 NOVEMBER, 2004

Report this content 
Kyro Corporation    STOCK EXCHANGE RELEASE   November 25, 2004
5.15 pm


DECISIONS OF THE EXTRAORDINARY GENERAL MEETING ON 25 NOVEMBER,
2004

The Extraordinary General Meeting of Shareholders of Kyro
Corporation
held today on 25 November 2004 decided an additional dividend of
EUR 0.10 and a bonus issue.


1. ADDITIONAL DIVIDEND

The General Meeting approved the Board of Directors’ proposal that
in addition to the dividend approved by the Annual General Meeting of
Shareholders held on 17 March 2004, an additional dividend of EUR
0.10 per share be paid on the basis of the confirmed balance sheet for
the financial year that ended on 31 December 2003.

The dividend will be paid to a shareholder registered in the
company’s shareholder register maintained by the Finnish Central Securities
Depository Ltd on the record date 30 November 2004. The dividend
will be paid on 8 December 2004.

To the shareholders whose shares have not been transferred to the
book-entry system by the record date of the additional dividend, the
dividend will be paid only after the shares have been transferred to the
book-entry system.


2. BONUS ISSUE

The General Meeting approved the Boards’ proposal that the
company’s share capital be increased by a bonus issue of EUR 6,348,000 from
EUR 6,348,000 to EUR 12,696,000 according to the following terms and
conditions:

1 In the bonus issue, one (1) old share shall confer entitlement
to receive one (1) new share without consideration.

The total of 39,675,000 new shares shall be issued.  Each share
shall have an accounting counter-value of EUR 0.16. A sum
corresponding to the increase in share capital, EUR 6,348,000,
euros, shall be transferred to the share capital from the share
premium fund.

2 The bonus issue’s date of record shall be 30 November 2004.  A
shareholder who is entered as a shareholder in the company’s list
of shareholders on the date of record shall be entitled to new
shares issued in the bonus issue.

3 The bonus issue shall be implemented in the book-entry system
and no action shall be required from shareholders. The bonus issue
shall not change the company’s share ownership or voting
relationships.

4 The new shares to be issued in the bonus issue shall be entered
into shareholders’ book-entry accounts on 1 December 2004,
providing that the increase in share capital has been entered into
the Trade Register.

5 The new shares to be issued in the bonus issue shall confer
entitlement to a full dividend and other share-related rights in
the company, after the increase in share capital has been
registered in the Trade Register. The new shares shall not confer
entitlement to the supplementary dividend for 2003 mentioned in
item 1 of the invitation to the meeting.

6 Shareholders who have not converted their share certificates
into book-entry securities shall be entitled to the new shares to
be issued in the bonus issue after making such a conversion.

Helsinki, 25 November 2004

Kyro Corporation

Board of Directors


Further information:    Vesa Hopia, Chief Financial Officer, Kyro
Corporation,            tel. +358 3 382 3111

Distribution:           Helsinki Exchanges
                        Key media

Subscribe