SUBSCRIPTION OF HK RUOKATALO SHARES BY C
HK Ruokatalo Oyj STOCK EXCHANGE BULLETIN 30 Jan. 2003 at 2.15pm
SUBSCRIPTION OF HK RUOKATALO SHARES BY CONVERTIBLE CAPITAL NOTE
Tranches of HK Ruokatalos 1996 convertible capital note have been
converted into shares between 2 January and 29 January 2003,
increasing the number of the companys A-Shares by 2,122,320.
Subsequent to conversion, the number of HK Ruokatalos A-Shares will
rise from 17,662,480 to 19,784,800 and the companys subscribed
capital from EUR 39,206,216.00 to EUR 42,814,160.00. HK Ruokatalos
Board of Directors has accepted the subscriptions made.
Impact of conversion on the number of shares
A-Shares, existing 17,662,480
A-Shares, increase 2,122,320
K-Shares 5,400,000
Total 25,184,800
The first dividend is payable on new A-Shares for the year 2003. The
new shares will rank for voting and other shareholder rights as soon
as increase in share capital has been entered into the trade register.
The new shares obtained through conversion are entered on the book-
entry accounts of the shareholders as a new series.
The new A-Shares will not be traded as a separate series on the
Helsinki Exchanges but they will be combined with the existing A-
Shares after the record date for the payment of dividend for the year
2002 or about 15 April 2003.
HK Ruokatalo issued a FIM 62.5 million (EUR 10.5 million) convertible
capital note to professional investors 30 December 1996. The loan was
a subordinated capital note and had a term of ten years. The note was
originally due to mature at the end of 2006 but on 2 January 2003 HK
Ruokatalo decided to accelerate the schedule and repay the note
prematurely. Each of the 62,500 notes issued in the loan originally
had a nominal value of FIM 1,000 (EUR 168.18793). All of the notes
have now been converted into shares.
HK Ruokatalo Oyj
Simo Palokangas
Chief executive officer
DISTRIBUTION:
Helsinki Exchanges
Internet: www.hk-ruokatalo.fi