Between 2 January and 30 November 2003 altogether 3,150 new Series A shares and 28,910 new Series B shares have been converted based on the rights attaching to Wärtsilä’s convertible subordinated debentures floated in 1994, representing loan capital totalling EUR 385,150.35.
These conversions have raised Wärtsilä’s share capital by altogether EUR 112.210 and the share capital now totals EUR 208,774,902. There are now altogether 59,649,972 shares divided into 15,419,005 Series A shares and 44,230,967 Series B shares. This share capital increase was registered in the Trade Register today. The new shares carry the same shareholder rights as the existing shares and they may be traded on the Helsinki Stock Exchange along with Wärtsilä’s existing A and B shares with effect from 23 December 2003. The new shares shall be entitled to dividend first time for the year 2003.