STOCKHOLM, Dec. 19, 2002 (PRIMEZONE) -- PROHA PLC Stock Exchange Bulletin December 19, 2002 at 7.30 p.m.
PROPOSAL BY THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING OF PROHA PLC
In it's meeting on December 19, 2002 the Proha Board of Directors decided to propose the Extraordinary General Meeting of Proha on December 20, 2002 to supplement the terms of the convertible loan (the Loan) presented in the Notice of the Extraordinary General Meeting as follows:
Issue Price
The issue price of the Loan is 100 percent.
Conversion Rate
Each convertible loan note with the nominal value of EUR 1,000 can be converted into 1,600 new shares of the Company with book value of EUR 0.26 each (the Conversion Rate). Thus, the calculatory conversion price for each share is EUR 0.625 (the Conversion Price).
PROHA PLC
Board of Directors
More information
PROHA PLC
CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.com www.proha.com
DISTRIBUTION: Helsinki Stock Exchange Major Media
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http://www.waymaker.net/bitonline/2002/12/19/20021219BIT01730/wkr0002.pdf