TELESTE CORPORATION STOCK EXCHANGE RELEASE 1(1)
19.03.1999 AT 08.00
SUSPENSION OF TELESTE CORPORATION'S RETAIL OFFERING IN FINLAND
THE INSTITUTIONAL OFFERING AND THE EMPLOYEE OFFERING WILL CONTINUE
UNTIL FURTHER NOTICE
In the combined offering of capital stock of Teleste Corporation,
shares are offered to Finnish and international institutional
investors, to retail investors in Finland and to the Finnish employees of
Group. The selling period in the retail offering to the public was
provisionally 17.3 - 26.3.1999. As a result of the over subscription in
the offering to the Finnish public, the offering has according to the
terms been suspended 19.3.1999 at 8.00 a.m.
The institutional offering and the employee offering will continue
until further notice.
Teleste Corporation's Board of Directors will decide on issue of the
shares and the selling shareholders will decide on the number of
shares sold, selling and subscription price and allocation of the
shares on or about 29.3.1999. The subsequent decisions will be
disclosed in stock exchange releases.
Teleste Corporation, CEO Timo Toivila, tel. 02 2605 866 or 0400
CFO Antti Salminen, tel. 02 2605 725 or 040 535 1216
Enskilda Securities AB, Director Antti Mäkinen, tel. 09 616 28120 or
050 5611 501