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Solidium has entered into a €300 million revolving credit facility


Solidium Oy has on 30 November 2009 entered into a €300 million unsecured revolving credit facility agreement. The facility is a committed credit line for general corporate purposes and is a back-up facility for the commercial paper programme. The facility is a 1-year arrangement with a 1-year extension option subject to agreements between the parties. The size of Solidium's commercial paper programme has at the same time been increased from €100 million to €300 million. The programme permits th... Read more

Resolutions of Solidium Oy's Annual General Meeting of Shareholders


The Annual General Meeting of the Shareholders of Solidium Oy was held in Helsinki on 30 October 2009. The meeting adopted the financial statements for the financial period 1 May 2009 to 30 June 2009 and discharged the Board of Directors and the CEO from liability. The Annual General Meeting resolved based on the proposal of the Board of Directors that no dividend shall be paid from the financial period. Read more

Solidium to participate in the €200 million rights issue of Kemira Oyj


Solidium to subscribe its pro rata entitlement and to participate in the underwriting arrangement Solidium Oy has decided to participate in the €200 million rights issue announced today by Kemira Oyj. In conjunction with the issue, the four biggest shareholders of Kemira have committed to subscribe for new shares for approximately €146 million. Solidium has committed to subscribe for Kemira’s new shares for its pro rata entitlement, corresponding to approximately €33 million. Furthermore, Solid... Read more

Summary of press releases published in June concerning the transfer of Elisa Corporation shares to Solidium Oy


On 11 June 2009, the State of Finland transferred all of its 16,006,000 Elisa Corporation shares, which correspond to 9.62% of Elisa’s share capital, to Solidium Oy as a contribution in kind. The transfer value of the Elisa shares equalled the closing price in public trading on 11 June 2009 on NASDAQ OMX Helsinki: €10.84 per share. As a result of the transfer, Solidium’s shareholders’ equity was increased by a sum equal to the total market value of the shares: €173,505,040. Read more

Solidium participated in full in the €208 million rights issue offered by Sponda Plc.


Authorised by the extraordinary general meeting of 25 May 2009, the Board of Directors of Sponda Plc decided to launch a €208 million rights issue to strengthen the company’s balance sheet and improve its liquidity. Solidium Oy, which held 34.3% of Sponda’s shares prior to the issue, had informed the company before the extraordinary general meeting that it would support the planned rights issue, vote in favour of it at the meeting, and subscribe to its share of the equity offered in the rights i... Read more

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