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  • 2002-09-05 KONE Finance Corporation Announces Mandatory Redemption Offer for the Shares and Securities in Partek
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KONE Finance Corporation Announces Mandatory Redemption Offer for the Shares and Securities in Partek Corporation in Accordance with the Finnish Securities Market Act

KONE Finance Corporation Announces Mandatory Redemption Offer for the Shares and Securities in Partek Corporation in Accordance with the Finnish Securities Market Act

Stock Exchange Release Published 05/09/2002

NOT FOR RELEASE IN THE UNITED STATES, JAPAN, CANADA OR AUSTRALIA
(Unofficial translation from the original in Finnish)
The Finnish Financial Supervision Authority has today (5 September 2002) approved the offering circular as well as the terms and conditions drafted by KONE Finance Corporation (“KONE”) for the purpose of making a mandatory redemption offer for the shares and securities issued by Partek Corporation (“Partek”). On the date of the offering circular, Kone holds 48,636,922 shares in Partek, which represent approximately 98.7 percent of the shares and votes in Partek.
Kone offers to redeem all shares and securities issued by Partek that are not held by Kone. The offer period commences on 9 September 2002 and ends 11 October 2002. The offer consists of the Share Offer, the Convertible Subordinated Bond Offer and the Convertible Capital Loan Offer, which together form the offer (“Offer”). The offer price shall be EUR 15.30 for a Partek share, EUR 1,918.92 for a convertible subordinated bond and EUR 2,186.30 for a convertible capital loan. The owner of convertible subordinated bonds or convertible capital loans shall receive accrued interest according to applicable terms and conditions of the security until the payment date of the offer price.
The offering circular will be available only in Finnish and Swedish, and therefore the terms and conditions of the Offer shall not be available in any other language than Finnish and Swedish. With regards to acceptance procedure and questions relating to the Offer, the investors are instructed to turn to their asset managers and nominee register custodians for further information.
Sender:
KONE Corporation
Tapio Hakakari
Secretary to the Board of Directors
KONE Finance Corporation
Aimo Rajahalme
Chairman of the Board of Directors
This stock exchange release must not be released or distributed in whole or in part in or into the United States of America, Canada, Australia or Japan.
The offer is not being made directly or indirectly in or into the United States of America, or by use of the mails or by any means or instrumentality (including without limitation facsimile transmission, telex, telephone and the internet) of interstate or foreign commerce, nor is it being made directly or indirectly in or into Canada, Australia or Japan.