Decisions taken by Ahlstrom Corporation's Extraordinary General Meeting of Shareholders
Ahlstrom Corporation STOCK EXCHANGE RELEASE July 4, 2013 at 14.00
Not to be distributed in or into Australia, Canada, the Hong Kong special administrative region of the People's Republic of China, Japan, New Zealand, South Africa or the United States.
Ahlstrom Corporation's Extraordinary General Meeting of Shareholders (EGM) was held today on July 4, 2013.
Demerger of the Coated Specialties Business
The EGM resolved to approve the Coated Specialties Demerger in accordance with the Coated Specialties demerger plan.
Upon execution of the demerger of the Coated Specialties Business, the shareholders of Ahlstrom Corporation will receive as demerger consideration 0.265 new shares in Munksjö Oyj for each share owned in Ahlstrom Corporation (the "Coated Specialties Demerger Consideration"). In case the number of shares received by a shareholder of the company as Coated Specialties Demerger Consideration would be a fractional number, the fractions will be rounded down to the nearest whole number. No Coated Specialties Demerger Consideration will be paid on the basis of own shares held by Ahlstrom Corporation.
Reduction of the share premium reserve
The EGM resolved to approve the reduction of the share premium reserve of Ahlstrom Corporation, which at December 31, 2012, amounted to EUR 187,787,804.18, to zero by transferring all funds recorded in the share premium reserve to the company's non-restricted equity reserve, taking into account the effect of the demerger of Ahlstrom's Label and Processing business in Europe and the demerger of Ahlstrom's Label and Processing business in Brazil to the extent applicable. The reduction of the share premium reserve amounts to a maximum of EUR 100 million. The reduction of the share premium reserve will be recorded in the balance sheet of the company on a date to be resolved by the Board of Directors, however, no later than on December 31, 2013.
For more information, please contact:
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, medical gowns and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a leading market position in the businesses in which we operate. In 2012, Ahlstrom's net sales from the continuing operations (excluding Label and Processing business) amounted to EUR 1 billion. Our 3,800 employees serve customers in 28 countries on six continents. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE
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