Resolutions of Sponda Plc's Extraordinary General Meeting

Resolutions of Sponda Plc's Extraordinary General Meeting

Sponda Plc          Stock Exchange Release           29.2.2016, 12:25

Resolutions of Sponda Plc's Extraordinary General Meeting

The Extraordinary General Meeting of Sponda Plc was held in Helsinki on Monday, 29 February 2016. The General Meeting decided in accordance with the proposal of the Board of Directors to authorize the Board of Directors to decide on issuing new shares through a rights offering whereby the shareholders have the right to subscribe for the new shares in proportion to their current shareholdings in the company.

The aggregate number of new shares issued on the basis of the authorization may not exceed 80,000,000 shares, corresponding to approximately 28.26% of all the existing shares in the Company. The issuance of shares will be carried out in accordance with the shareholders' pre-emptive rights, i.e. the new shares will be offered to the shareholders for subscription in proportion to the shareholders' existing holdings. The Board of Directors decides on all other terms and conditions of the issuance of shares, including the allocation of the shares between shareholders in any potential secondary subscription.

The authorization is valid until 31 August 2016. The authorization does not replace the authorization given to the Board of Directors to decide on a share issue in the Annual General Meeting held on 16 March 2015.

It was further noted at the Extraordinary General Meeting, that after the release of the notice convening the Extraordinary General Meeting, the purpose for which the funds received by the company based on a possible share issue decision made by virtue of the authorization had been specified so that the funds received by the company based on a possible share issue decision will be used for the partial repayment of a bridge-loan drawn for the purpose of the acquisition of shares in Ab Mercator Oy and in Ab Forum Capita Oy. The acquisition was completed today and a separate stock exchange release has been published regarding the matter. The completion of the acquisition was not conditional on the completion of the share issue.

Helsinki, 29 February 2016

Sponda Plc
Board of Directors

Further information: Tuula Kunnas, Chief Legal Counsel, tel. +358 20 431 3384

Sponda Plc is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda's business concept is to own, lease and develop retail and office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 3.7 billion and the leasable area is around 1.9 million m².

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Sponda Oyj via Globenewswire