Demerger of Ahlstrom's Label and Processing business in Europe registered with the Finnish Trade Register - Seite 2
"Our primary goal now is to raise profitability, and seek growth based on the new product and technology platform now established. We are currently working with our strategic agenda going forward, and will communicate more on this after the summer holidays", Lång states.
Ahstrom and Munksjö shareholders' ownership
As of today, the shares of Ahlstrom do not entitle to any shares in Munksjö Oyj as consideration for the LP Europe demerger.
The shareholders of Ahlstrom Corporation will receive as demerger consideration 0.25 new shares in Munksjö Oyj for each share owned in Ahlstrom Corporation (i.e. the exchange ratio is 4:1). In case the number of shares received by a shareholder of the company as LP Europe demerger consideration would be a fractional number, the fractions shall be rounded down to the nearest whole number. No LP Europe demerger consideration will be paid on the basis of own shares held by Ahlstrom Corporation.
Next phase
The second phase of the combination, the demerger of Ahlstrom's Label and Processing business in Brazil (Coated Specialties), is expected to be completed during the second half of 2013.
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 Corporation for each share owned in Ahlstrom Corporation. In case the number of shares received by a shareholder of the company as Coated Specialties demerger consideration would be a fractional number, the fractions shall be rounded down to the nearest whole number. No Coated Specialties demerger consideration will be paid on the basis of own shares held by Ahlstrom Corporation.
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Ahlstrom will arrange a new Extraordinary General Meeting for the Shareholders on July 4, 2013, to approve the demerger plan for Coated Specialties, since the current authorization for the demerger expires on May 27, 2013.
The necessary clearances from competition authorities have been already received.
For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
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 28 countries on six continents.
Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.