STOCK EXCHANGE RELEASE 19 Apr 1999
FINVEST OYJ'S TARGETED SALE OF JAAKKO PÖYRY GROUP OYJ'S SHARES SUCCESFULLY COMPLETED
Finvest has successfully completed its offering of all of the
5 803 700 shares of Jaakko Pöyry Group Oyj held by Finvest to existing shareholders of Finvest. The share price was EUR 9,17 per share.
During the offering, which was open from March 31 to April 16, 1999, Finvest received 88 purchase commitments relating to 6.610.020 shares. Because of oversubscription the numbers of shares related to the purchase commitments will have to be reduced.
After the completion of the offering Finvest Oyj no longer holds any shares in Jaakko Pöyry Group Oyj. Before the sale of shares Finvest Oyj held 42.4 % of the share capital and votes in Jaakko Pöyry Group Oyj.
When the allocation of shares has been confirmed, which is expected to take place in the near future, Jaakko Pöyry Group Oyj will give a stock exchange notice regarding its new shareholder base.
JAAKKO PÖYRY GROUP OYJ
Additional information by:
Mr. Kari Heliö, General Counsel Jaakko Pöyry Group Oyj
tel: + 358 9 8947 2443
Helsinki Stock Exchange