WARRANTS EXERCISED FOR SHARE SUBSCRIPTIO
HK Ruokatalo Oyj STOCK EXCHANGE BULLETIN, 13 Feb. 2004, at 10am
WARRANTS EXERCISED FOR SHARE SUBSCRIPTION
Warrants attached to HK Ruokatalos 1998 Employee Shares has been
exercised between 2 January and 30 January 2004, increasing the number
of the companys A Shares by 595,705. The corresponding increase of
EUR 1,012,698.50 in subscribed capital has today been entered in the
Finnish Trade register. As a result of the increase HK Ruokatalos
share capital rose from EUR 42,927,873.00 to EUR 43,940,571.50.
Share capital by share class before the increase
Shares % Votes %
A Shares 19,851,690 78.62 19,851,690 15.53
K Shares 5,400,000 21.38 108,000,000 84.47
Total 25,251,690 100.00 127,851,690 100.00
Share capital by share class subsequent to the increase
Shares % Votes %
A Shares 20,447,395 79.11 20,447,395 15.92
K Shares 5,400,000 20.89 108,000,000 84.08
Total 25,847,395 100.00 128,447,395 100.00
Each A Share conveys one (1) vote. K Shares are not listed and each K
Share conveys 20 votes. All shares have a nominal value of EUR 1.70.
All shares convey equal dividend rights. HK Ruokatalo shares joined
the book-entry securities system on 31 October 1997.
The 595,705 new A Shares issued in connection with the increase in
share capital convey the same dividend and other shareholder rights as
existing A Shares do. The new shares will be entitled to receive any
future dividend payable commencing with the 2003 financial year.
The new A Shares will be traded on the Main List of the Helsinki
Exchanges from 16 February 2004 together with existing HK Ruokatalo A
Shares. The Finnish Financial Supervision Authority has, on 28 March
2003, granted HK Ruokatalo permission (No. 22/271/2003) to not publish
an offering circular in connection with the increases in share
capital, which derive from exercising warrants of the 1998 Employee
Offering.
1998 EMPLOYEE OFFERING
Between 1 April and 6 April 1998, HK Ruokatalo Oyj issued an Employee
Offering where there were warrants attached to the shares subscribed.
For each Employee Share subscribers received five gratuitous warrants.
One warrant gave entitlement to subscribe five new A Shares between 1
February 2002 and 31 January 2004 at a price fixed in the terms of
Offering. During 2 January and 30 January 2004 price was EUR 5.94 per
share. This was the last subscription period, as the warrant scheme
ended 31 January 2004.
The 1998 Employee Offering totalled FIM 1.5 million (appr. EUR 0.25
mill.). Originally there were 150,000 warrants attached to the shares.
A total of 119,656 warrants were exercised for subscribing new A
Shares. Some 220 persons, employed by the Group subscribed shares in
the Employee Offering in April 1998.
NOTIFICATION UNDER THE MARKET SECURITIES ACT
Under Chapter 2, Section 9 of the Finnish Market Securities Act, we
hereby announce that HK Ruokatalo Oyj has received the following
disclosure about change in ownership.
Markku Helanders ownership in HK Ruokatalo has today fallen below one-
twentieth (1/20) due to the increase in companys subscribed capital.
Markku Helander now owns HK Ruokatalos shares as follows:
No. of Share of Share of
shares share capital votes
A-Shares 1,270,269 6.21% 6.21%
K-Shares 0 - -
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Total 1,270,269 4.91% 0.99%
HK Ruokatalo Oyjs (reg. number 238.752) share capital comprises
25,847,395 shares (20,447,395 series A Shares and 5,400,000 series K
Shares), which convey a total of 128,447,395 votes (series A Shares
each convey one vote, series K Shares each convey 20 votes).
Information on owner: Mr Markku Helander, City of Loimaa.
HK Ruokatalo Oyj
Simo Palokangas
Chief executive officer
DISTRIBUTION:
Helsinki Exchanges
Internet: www.hk-ruokatalo.fi
