EXEL OYJ STOCK EXCHANGE ANNOUNCEMENT 7.3.2003 at 10.00 1 (1)
SHARES SUBSCRIBED WITH A WARRANTS OF EXELS 1998 WARRANT PROGRAMME
After the previous increase in the share capital registered on
November 26, 2002, a total of 4,400 shares in Exel Oyj have been
subscribed with the warrants attached to the warrant programme 1998.
The subscription price was EUR 3.56 as stipulated in the Terms and
Conditions of the warrant programme. The subscription period for the A
warrants began on October 1, 2000.
The increase in the share capital, in total EUR 1,540 was registered
in the Finnish Trade Register on March 7, 2003. As a result of the
increase, the share capital of Exel Oyj is now EUR 1,854,755 and the
total number of shares is 5,299,300. Exel received a total of EUR
15.664 as shareholders equity.
The holders of the new shares are entitled to all shareholders rights
from the registration date. The new shares will be listed on Helsinki
Exchanges main list together with the old shares on March 10, 2003.
Mäntyharju, March 7, 2003
President & CEO
Mr Ari Jokelainen, President, Exel Oyj, tel. +358 50 590 6750
Exel Oyj is a Finnish company specialised in composite technology. The
Groups operations consist of sporting goods and industrial
applications. Exels best-known products include cross-country and
alpine poles, Nordic Walking poles, surfboard masts, floorball clubs
and industrial profiles in general. The Groups four factories are
located in Finland and Germany. Over 70% of production is exported. In
2002 the Groups net sales totalled EUR 51.2 million. Exel personnel
numbered 359 on December 31, 2002. Exels share is listed on Helsinki
Exchanges main list. Further information: www.exel.net