Munksjö Oyj's shareholders approved the demerger concerning Ahlstrom's Label and Processing business in Brazil
Stockholm, Sweden, 2013-05-17 11:45 CEST (GLOBE NEWSWIRE) --
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.
Munksjö Oyj's shareholders have today resolved to approve the partial demerger
concerning Ahlstrom Group's Label and Processing business in Brazil in
accordance with the demerger plan.
The Board of Directors of Munksjö Oyj and Ahlstrom Corporation have on 13 May,
2013 signed a new demerger plan, according to which all the assets and
liabilities that belong to Ahlstrom Group's Label and Processing business in
Brazil (Coated Specialties) will be transferred to Munksjö Oyj through a
partial demerger. The previous demerger plan concerning Coated Specialties has
been cancelled due to the fact that the conditions for implementing the
demerger will not be fulfilled prior to the expiration of the decision made by
Ahlstrom's Extraordinary General Meeting on 27 November, 2012.
Upon execution of the demerger concerning Coated Specialties, 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 complete
demerger plan is attached to this Stock Exchange Release and it contains
information, among other things, on the demerger consideration to Ahlstrom
Corporation's shareholders, the planned time for execution of the demerger, the
division of the demerging company's assets and liabilities to the recipient
company and the conditions for the execution of the demerger. The demerger
concerning Coated Specialties is expected to take place by the end of 2013.
Additional information on the demerger will be available in the prospectus to
be published by Munksjö Oyj approximately one week before the Extraordinary
General Meeting of Ahlstrom Corporation on 4 July, 2013, convened to resolve on
the demerger.
Munksjö Oyj
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
Disclaimer
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
jurisdiction.
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
States.
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:Attachment - Demerger plan ENG.pdf
Coated specialities demerger plan SER 17052013 ENG.pdf