18.05.2010 00:00
Westend ICT Plc Stock Exchange Release 18 May 2010, at 11:10 Finnish time
On 18 May 2010, Westend ICT Plc has received the following notification:
1. Issuer of shares
Westend ICT Plc, business identity code 0686163-7.
2. Shareowner obliged to give notification
Salminen Jyrki
3. Reason for notification
Jyrki Salminen's ownership of the Westend ICT Plc votes and shares has exceeded three tenths (3/10) due to the directed issue of Westend ICT Plc and the conversion of the convertible loan, which the company have announced in connection with announcing the decisions of the general meeting on 4 May 2010.
4. Share of the ownership in the company on 18 May 2010:
Salminen Jyrki, 54,949,856 shares, 31.30% of shares and votes.
Westend ICT Plc has a total of 175,571,096 shares.
5. Exception from the obligation to make an offer
In ruling number 3/214/2010, issued on 9 April 2010, the Financial Supervisory Authority has granted Jyrki Salminen an exception from the obligation to make an offer as defined in Chapter 6, Section 10 of the Securities Markets Act, allowing Salminen's ownership share of all company share votes to exceed 3/10 without an obligation to make an offer for all other shares of the company.
Espoo, 18 May 2010
WESTEND ICT PLC
Hannu Jokela
CEO
Additional information:
CEO Hannu Jokela
Tel. +358 207 91 6700
hannu.jokela@westendict.com
Distribution:
NASDAQ OMX Helsinki
Main media
www.westendict.com