The merger of share classes received the board’s recommendation.
However, the votes of the proposers and their garnered supporters represent only 13.4% and 13.6% respectively, totaling 27.0% of the votes.
Compared to the autumn attempt, I-series shareholders would this time receive a better premium.
That is, with three shares, you would get a fourth free. 4/3 = +33.33%
In the autumn, with five shares, you got a sixth extra. 6/5 = +20%
Will the “lock of the plain” hold, is the memory of old traditions intact, meaning have the old heavyweights been sold and the newspapers are in a separate company with Kaleva?
Or are there dreams of buying, for example, Ilkka-Kaleva’s newspaper company into South Ostrobothnian ownership with Alma money?
Let’s see…
There would be a need to get >50% support from I-series shareholders.
As well as the approval of the general meeting.
As the Company announced on February 23, 2026, the Board of Directors of Ilkka Oyj (“Ilkka” or “the Company”) has on February 23, 2026, received a proposal from the Company’s shareholders Etelä-Pohjanmaan Lehtiseura Ry, Keskisuomalainen Oyj, and Rebl Group Oyj, in accordance with Chapter 5, Section 5 of the Companies Act, to include in the agenda of Ilkka’s Annual General Meeting on April 23, 2026, an amendment to the articles of association to merge the Company’s share classes, and a free share issue directed at I-series shareholders.
The proposers represent approximately 11.7% of the shares in the I-share class and approximately 26.5% of the shares in the II-share class. This corresponds to approximately 24.1% of all shares in the company and approximately 13.4% of the total voting rights conferred by all shares.
According to information provided to the Company by the proposers, shareholders representing approximately 16.1% of the shares in the I-share class and approximately 13.9% of the shares in the II-share class have additionally given their preliminary support for the proposal. This corresponds to approximately 14.3% of all shares in the Company and 13.6% of the total voting rights conferred by all shares.
For the proposal concerning the merger of share classes to be approved, it requires, under the Companies Act, sufficient support at the general meeting and the consent of the majority of the I-series shares. The majority consent is calculated from all of the Company’s I-series shares.
The Board of Directors of Ilkka Oyj recommends that the shareholders’ proposal regarding the merger of share classes and the directed free share issue be approved at the Annual General Meeting Ilkka Oyj:n hallitus suosittaa, että osakkeenomistajien ehdotus koskien osakesarjojen yhdistämistä ja suunnattua maksutonta osakeantia hyväksytään varsinaisessa yhtiökokouksessa