The Board of Directors of Aspo Plc has on 17 May 2004 decided to approve the 2004 convertible capital note subscriptions made during the offer period at a total nominal value of EUR 20,000,000.
The 2004 issue was oversubscribed, and the subscriptions had to be reduced according to the terms and conditions of the notes. Aspo Plc shareholders have about 60.5 percent of the approved notes. Subscriptions volumes to the public were reduced by 50 percent, however, to allow for a minimum subscription of EUR 10,000 for each subscriber. The subscribers will be notified about the approval of their subscription offers in writing.
The company is applying to list the 2004 convertible capital notes on the main list of the Helsinki Stock Exchange. The quotation of the notes should start on or about June 21, 2004.
ASPO Plc
Gustav Nyberg
CEO
Further information:
Mr. Gustav Nyberg, 0358 9 7595 256, +358 40 503 6420
gustav.nyberg@aspo.fi