Ahlstrom Corporation STOCK EXCHANGE RELEASE December 2, 2013 at 9.00
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, a global high performance fiber-based materials company, announces that the demerger of Ahlstrom's Label and Processing business in Brazil (Coated Specialties) has today been registered with the Finnish Trade Register.
A total of 12,291,991 new shares in Munksjö Oyj were issued as demerger consideration to Ahlstrom's shareholders in the Coated Specialties demerger.
The demerger is the final step in the process through which Ahlstrom's Label and Processing business and Munksjö AB are combined.
"We are very pleased that this major undertaking is now complete. We can now put all our efforts into executing Ahlstrom's new growth strategy, which we have built during this year. Our first and foremost priority is to improve profitability and to seek and win new business based on the current platform now established," said Jan Lång, President & CEO at Ahlstrom.
The new Munksjö shares are expected to be registered on the book-entry accounts of the shareholders during the course of the day. As of today, the shares of Ahlstrom do not entitle to any shares in Munksjö Oyj as consideration for the Coated Specialties demerger. The trading with Munksjö's shares received as a demerger consideration in the Coated Specialties demerger will commence on the Helsinki Stock Exchange today.
Based on the terms of the Business Combination Agreement related to Ahlstrom's Label and Processing business and Munksjö AB, Ahlstrom and Munksjö have agreed on the effects of certain supplier finance arrangements on the transaction. The parties have agreed that as a final settlement of the matter, Ahlstrom will pay a total of EUR 9.5 million to the reserve for invested unrestricted equity of Munksjö Oyj.
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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 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.