DNA acquires own shares, changes ownership

Finish cable operator DNA and its main shareholders have purchased a total of 2,027,167 DNA shares from Sanoma Entertainment Finland.

Of these, DNA acquired 1,116,896 shares using unrestricted shareholders’ equity in accordance with the decision of the annual meeting of March 15. The total purchase price came to €99,999,962.51. After the acquisition, the company holds a total of 1,124,396 own shares.

In addition, DNA’s main shareholders, Finda Oy, Oulu ICT Oy, PHP Holding Oy, Osuuskunta KPY and Ilmarinen Mutual Pension Insurance Company, have completed a share ownership arrangement using the remaining shares purchased from Sanoma. As a result, the biggest owners of DNA are now Finda Oy (32.5% of the share stock), Oulu ICT Oy (22.1%), PHP Holding Oy (19.7%), Osuuskunta KPY (12.9%) and Ilmarinen Mutual Pension Insurance Company (5.0%).

After the arrangement, DNA’s external parties hold a total of 8,486,280 company shares. The ownership arrangement was announced on February 23 2012.

Tags: DNA, Finland

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