Helsinki, Finland, 2013-12-17 10:20 CET (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 17 December 2013 at 10.20 am CET
Ahlstrom's Label and Processing business in Brazil (Coated Specialties) was
transferred to Munksjö Oyj through a partial demerger, which was registered
with the Finnish Trade Register on 2 December 2013. Part of the remaining
acquisition cost of Ahlstrom shares will be transferred to the Munksjö shares
received as demerger consideration in the Coated Specialties demerger in
Finnish income taxation. The acquisition cost is used for the calculation of
capital gains and/or losses from share transactions for the basis of Finnish
Based on the average weighted trading prices, the proportion of the fair values
of Munksjö shares received as demerger consideration in the Coated Specialties
demerger and Ahlstrom shares do not differ significantly from the proportion of
net assets of Coated Specialties and the total net assets of Ahlstrom. Thus,
the acquisition cost of Ahlstrom's shares is divided based on the proportion of
net assets at the effective date of the demerger. Coated Specialties'
transferred net assets were 4.8% of the total net assets of Ahlstrom.
Ahlstrom's shareholders received as demerger consideration 0.265 Munksjö shares
for each one share held in Ahlstrom prior to the completion of the Coated
Specialties demerger. After the demerger of LP Europe on 27 May 2013, 4.8% of
the remaining acquisition cost of each Ahlstrom share will be transferred to an
acquisition cost per 0.265 Munksjö share.
For an Ahlstrom shareholder who has prior (May 24, 2013, at the latest) to the
completion of the two demergers purchased 1,000 Ahlstrom shares at a total
price of EUR 10,000 (EUR 10 per share), the acquisition cost of the shares is
EUR 8,870 following the completion of LP Europe demerger on May 27, 2013. EUR
1,130 or 11.3% of the original acquisition cost was transferred to the 250
Munksjö shares received as demerger consideration in the LP Europe demerger.
Following the Coated Specialties demerger, 4.8%, or EUR 425.76 of the EUR 8,870
acquisition cost will be transferred to the 265 Munksjö Oyj shares received in
the demerger. This equals to EUR 1.61 per received Munksjö share. Therefore the
acquisition cost of 1,000 Ahlstrom shares remaining following both demergers is
EUR 8,444.24 or EUR 8.44 per share.
This does not apply to Ahlstrom or Munksjö shareholders residing permanently
outside of Finland. Shareholders who are tax resident outside of Finland are
recommended to contact their tax advisors or local tax office regarding the
split of the acquisition cost in taxation.
For further information, please contact:
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026
Munksjö - Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique
product offering for a large number of industrial applications and
consumer-driven products. Founded in 1862, Munksjö is among the leading
producers in the world of high-value added papers within attractive market
segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive
backings and Interleaving paper for steel. Given Munksjö's global presence and
way of integrating with its customers' operations, the company forms a global
service organisation with approximately 3,000 employees. Production facilities
are located in France, Sweden, Germany, Italy, Spain and China. Munksjö Oyj is
listed on NASDAQ OMX Helsinki. Read more at www.munksjo.com.