English

THE BOARD OF DIRECTORS? DECISION TO ACQU

Report this content 
KYRO CORPORATION        STOCK EXCHANGE BULLETIN       24 March
2003 10.00 am


THE BOARD OF DIRECTORS’ DECISION TO ACQUIRE KYRO CORPORATION'S
OWN SHARES

The Board of Directors of Kyro Corporation has on 21 March, 2003
decided to acquire a maximum amount of 1,983,750 own shares
through
public trading in the Helsinki Exchanges at market value,
according
to the authorisation of the Annual General Meeting on 19 March,
2003.

The Board of Directors may acquire the company's own shares using
distributable profits up to a maximum amount, whose combined
nominal
value together with the shares already in the possession of the
company corresponds to a maximum of 5 per cent of the company's
total
share capital at the moment of acquisition.

According to the authorisation by the Annual General Meeting the
Board of Directors may acquire the company's own shares for the
purpose of using them as consideration in possible acquisitions,
to finance investments, or in other industrial arrangements or to
be conveyed in other ways or to be invalidated.

Kyro Corporation already holds a total number of 248,292 own
shares
at an acquisition value of EUR 1,430,404.10. The shares
constitute
0.6 % of all votes and shares. The share acquisitions will start
on 31 March, 2003 at the earliest and they will end 19 March,
2004 at the latest.


Further information:    Chief Financial Officer, Veli Kronqvist,
                        Tel. +358-400-838 140

Investor relations:     Vice President, Corporate Communications,
                        Mika Nevalainen, Tel. +358-400-882 024

Distribution:           Helsinki Stock Exchange
                        Principal Media

Subscribe