Panostaja Oyj Stock Exchange Bulletin October 31, 2012, 2:00 p.m.
PE Kiinteistörahasto to return its assets to Panostaja Oyj in connection with realization of real estate
PE Kiinteistörahasto I Ky (“the Fund”), owned jointly by Panostaja Oyj and Etera Mutual Pension Insurance Company, has on July 31, 2012 realized its assets by selling the majority of the real estate companies in its portfolio to the Sponda Fund III real estate fund.
The Fund’s partners have decided to dissolve the Fund and the incorporated companies part of it and the remaining real estate companies. The Fund is to return realized assets to its owners. The Fund will return a total of approximately MEUR 3.0 to Panostaja Oyj. The Fund dissolution processes will be completed within some four months, having no separate profit and loss effects or cash impact.
The direct cash impact of the return of capital is about MEUR 3 million and Panostaja's capital loss, taking tax effects into consideration, is about MEUR 0.2.
Tampere, October 31, 2012
Juha Sarsama
CEO
Further information:
Juha Sarsama
CEO
Panostaja Oyj
+358 50 430 6482
juha.sarsama@panostaja.fi
Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. The Panostaja Group employs approximately 1,200 people. Panostaja’s shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock Exchange. In the 2011 financial year, the Group’s net sales totaled MEUR 163.2.
www.panostaja.fi