Helsinki, Finland, 2013-07-04 13:15 CEST (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE
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.
The Extraordinary General Meeting convened by Ahlstrom Corporation has today
resolved to approve the demerger of Ahlstrom Corporation's Label and Processing
business in Brazil (Coated Specialties) in accordance with the demerger plan.
The demerger is part of the process through which Munksjö AB and Ahlstrom's
Label and Processing business will be combined.
According to the demerger plan, all assets and liabilities that belong to
Coated Specialties will be transferred to Munksjö Oyj through a partial
demerger. Munksjö Oyj's and Ahlstrom Corporation's Board of Directors signed a
new demerger plan related to Coated Specialties on 13 May, 2013 and cancelled
the previous demerger plan. The previous demerger plan was cancelled as not all
the relevant regulatory approvals were received before the expiration of the
decision made by Ahlstrom's Extraordinary General Meeting on 27 November, 2012.
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.
In case the number of shares received by a shareholder of the company as a
demerger consideration would be a fractional number, the fractions will be
rounded down to the nearest whole number.
"The new approval of the demerger by Ahlstrom's EGM allows us to proceed and
finalise the combination. We can now focus on a successful execution of the
Coated Specialties demerger in order to create one of the world's largest
specialty paper companies", says Munksjö's President and CEO Jan Åström.
The execution of the demerger is expected to take place by the end of 2013.
For more information:
Jan Åström, President and CEO, tel. +46 10 250 1001
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026
This document may not 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. The information contained
herein shall not constitute an offer to sell or the solicitation of an offer to
buy the securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
This document is not an offer for sale of securities in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended. Ahlstrom Corporation, Munksjö AB and Munksjö Oyj have not registered,
and do not intend to register, any offering of the Munksjö shares in the United
States. There will be no public offering of the Munksjö shares in the United
This document is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or (ii) to investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and
other persons to whom it may lawfully be communicated, falling within Article
49(2)(a) to (d) of the Order or (iv) persons who are members or creditors of
the company to which this communication relates, falling within article 43(2)
of the Order (all such persons in (i), (ii) (iii) and (iv) above together being
referred to as "relevant persons"). Any investment activity to which this
document relates will be only available to and will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
Attachments:Approval of the CS demerger 04072013 ENG SER.pdf