Allocation of Shares in Sonera Rights Offering Completed.Business Editors HELSINKI, Finland--(BUSINESS WIRE)--Dec. 10, 2001 The Board of Directors of Sonera Corporation has approved the allocation of shares subscribed for pursuant to secondary subscription rights in the rights offering of Sonera Corporation and the subscriptions in accordance with such allocation. The corresponding increase in Sonera's share capital of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 337,049.05 will be registered with the Finnish Trade Register The Finnish Trade Register (Finnish: Kaupparekisteri) provides official information on businesses in the whole country, including data from current and old register entries, articles of association, partnership agreements or rules. on December 11, 2001. The number of shareholders who applied for shares in the rights offering pursuant to secondary subscription rights was almost 47,000 and 783,835 new shares were allocated to such shareholders. The number of shares subscribed for pursuant to secondary subscription rights exceeded the number of shares available for secondary subscription more than 100 times. The total number of subscriptions pursuant to secondary subscription rights was approximately 81 million shares. The allocation was made among the shareholders who exercised their secondary subscription rights in proportion to the number of shares held by them on the record date of November 14, 2001 in accordance with the Finnish Companies This is a list of Finnish publicly listed corporations:
Any excess subscription price paid in connection with the exercise of secondary subscription rights will be refunded without interest to shareholders on December 12, 2001. In addition, shareholders who have exercised their secondary subscription rights will be notified separately of their allocations. The shares allocated pursuant to the exercise of secondary subscription rights will be delivered to shareholders' book-entry accounts and the trading in such shares will begin on the Helsinki Exchanges Helsinki Exchanges (HEX) The Helsinki Exchanges (HEX Ltd., Helsinki Securities and Derivatives Exchange and Clearing House) was formed at the beginning of 1998 following the merger of the Helsinki Stock Exchange Ltd. and SOM Ltd. on December 11, 2001. The new shares entitle their holders to a full dividend, if any, for the financial year ending December 31, 2001 and provide all other shareholder rights as from the date of registration of the increase in the share capital represented thereby, which is on December 11, 2001. Following the registration of the total increase in Sonera's share capital resulting from subscriptions in the rights offering, Sonera's registered share capital will amount to EUR 479,579,743.47, consisting of 1,115,301,729 shares. All shares subscribed for in the rights offering have been fully paid up. Proceeds from the rights offering to Sonera will amount to approximately EUR 1,004 million (before fees and expenses). As previously announced, Sonera will use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the rights offering to reduce its outstanding indebtedness. Following the rights offering, Sonera will have total net debt of approx. 3.5 billion euros. For further information, please contact: Mr. Jari Jaakkola, Executive Vice President, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Sonera Corporation Tel. +358 2040 65170 E-mail: jari.jaakkola@sonera.com In the U.S.: Mr. Steve Fleischer, Vice President, Investor Relations Investor relations The process by which the corporation communicates with its investors. & Corporate Communications Tel. + 1 908 203 8500 E-mail: steve.fleischer@sonera.com The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption of registration or qualification under the securities laws of any such jurisdiction. Sonera Corporation (HEX: SRA SrA abbr. senior airman , NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SNRA SNRA Sawtooth National Recreation Area (Idaho) SNRA Swedish National Road Administration SNRA Système National de Recherche Agricole ) is a leading provider of mobile and advanced telecommunications services. Sonera is growing as an operator, as well as a provider of transaction and content services in Finland and in selected international markets. The company also offers advanced data solutions to businesses, and fixed network voice services in Finland and neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. markets. In 2000, Sonera's revenues totaled EUR 2.05 billion, and profit before extraordinary items and taxes was EUR 1.86 billion. Sonera employs about 10,500 people. www.sonera.com |
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