Amer Goup purchase of its own bonds
1999-05-24, 12:45
On 21 May Amer Group purchased USD 500,000 of the convertible subordinated bonds issued in 1993, representing 22,483 Amer Group A shares.
On 21 May Amer Group purchased USD 500,000 of the convertible subordinated bonds issued in 1993, representing 22,483 Amer Group A shares.
According to the terms of the bonds, all bonds purchased by Amer may not be reissued or resold. According to the Companies Act, these bonds may not be converted into shares.
On 31 December 1998 the amount of the loan outstanding was USD 35.9 million, representing 1,614,346 Amer Group A shares. During 1999 the Company has repurchased a total of USD 4,08 million of the bonds, representing 183,468 A shares.
AMER GROUP PLC
Communications Department
Marja-Leena Simola
Vice President, Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amer.fi
For further information, please contact:
Mr. Pekka Paalanne, Senior Vice President & CFO,
Tel. +358 9 7257 8212
Mr. Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233
On 21 May Amer Group purchased USD 500,000 of the convertible subordinated bonds issued in 1993, representing 22,483 Amer Group A shares.
According to the terms of the bonds, all bonds purchased by Amer may not be reissued or resold. According to the Companies Act, these bonds may not be converted into shares.
On 31 December 1998 the amount of the loan outstanding was USD 35.9 million, representing 1,614,346 Amer Group A shares. During 1999 the Company has repurchased a total of USD 4,08 million of the bonds, representing 183,468 A shares.
AMER GROUP PLC
Communications Department
Marja-Leena Simola
Vice President, Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amer.fi
For further information, please contact:
Mr. Pekka Paalanne, Senior Vice President & CFO,
Tel. +358 9 7257 8212
Mr. Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233