Shareholders representing more than 90% of the shares in Loimaan Seudun Puhelin have accepted
The arrangement implements TeliaSonera Finland's strategy of profitable growth. Loimaan Seudun Puhelin (LSP) and TeliaSonera Finland are well matched, as both of them emphasize profitable growth and customer orientation.
TeliaSonera Finland Oyj's purchase offer to the holders of shares in Loimaan Seudun Puhelin Oy has been accepted by shareholders representing more than 90% of the total number of shares and votes in Loimaan Seudun Puhelin. According to the calculations, 7 674 Loimaan Seudun Puhelin shares have been tendered under the purchase offer. TeliaSonera Finland Oyj's holding in Loimaan Seudun Puhelin, including the 11 867 shares already previously held by it, is now 90.56% of the company's shares and votes.
TeliaSonera Finland's purchase offer is directed at all shares in Loimaan Seudun Puhelin that have been issued before the last day of validity of the offer and that are not owned by TeliaSonera Finland. The period of validity of the offer is October 1 to December 30, 2003.
TeliaSonera Finland may, if it so desires, extend the offer period by announcing the extension no later than two (2) days from the expiration of the offer period. TeliaSonera Finland has no intention of extending the offer period. The offer price is EUR 4,400 per each LSP share. The price offered for the shares is paid to the shareholder when the shareholder accepts the purchase offer.
TeliaSonera Finland and LSP have agreed on structural and ownership arrangements, as a result of which LSP becomes TeliaSonera Finland's subsidiary operating in the market area of Southwest Finland. The main goal is to create a strong regional player that combines LSP's customer competence and local knowledge with TeliaSonera Finland's nationwide services and operating models.
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