On 24 February 2026, Otava Ltd (“Otava”) has agreed to acquire a total of 700,000 shares in Alma Media Corporation (“Alma Media” or the “Company”), the shares to be acquired representing approximately 0.85 per cent of all shares in Alma Media.

Following the agreed share purchases, Otava’s ownership in Alma Media would increase to a total of 33 008 246 shares, representing approximately 40.07 per cent of all shares and votes in the Company. In accordance with competition authorities’ practices, the share purchases would provide it effective control over Alma Media in line with applicable regulations, and therefore completion of the now agreed share purchases require approval by the Finnish Competition and Consumer Authority (“FCCA”). Otava estimates that the agreed share purchases can be completed during spring 2026.

Prior to the agreed share purchases, Otava owns 32,308,246 shares in Alma Media, representing approximately 39.22 per cent of all shares in Alma Media. Otava is therefore already before the completion of the agreed share purchases Alma Media’s largest shareholder. When Otava’s holding in Alma Media exceeded 30% in June 2023, Otava made a mandatory public tender offer for all Alma Media shares.

“Over the years, Otava has increased its ownership in Alma Media, and now, with the agreed share purchases, Otava has a technical obligation to notify the FCCA. Alma Media is a strategic investment for Otava, and Otava sees itself as a long-term and significant shareholder in the Company going forward. Alma Media is a well-managed company and Otava’s goal is to keep Alma Media as an independent, listed company. Being a listed company will continue to provide Alma Media with good preconditions and a stable foundation for business development and profitable growth,” says Alexander Lindholm, CEO of Otava Ltd.

For further information, please contact:
Alexander Lindholm, CEO, Otava Ltd
Tel. +358 40 833 0126