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2012-02-16 18:02:42 CET 2012-02-16 18:03:07 CET REGULATED INFORMATION Talvivaaran Kaivososakeyhtiö Oyj - Company AnnouncementTalvivaara Mining Company Plc: Adjustment to conversion price of convertible bonds due 2013 and 2015Stock Exchange Release Talvivaara Mining Company Plc 16 February 2012 Adjustment to conversion price of convertible bonds due 2013 and 2015 Talvivaara Mining Company Plc ("Talvivaara") announces that, as a result of the placing of 24,589,050 new ordinary shares announced earlier today, the conversion price of Talvivaara's EUR 84.9 million convertible bonds due 2013 and EUR 225 million convertible bonds due 2015 will be adjusted conditional upon the completion of the placing. The conversion price of the convertible bonds due 2013 will be adjusted from GBP 5.886 (€7.387) to GBP 5.7931 (€7.2703) resulting in an increase of the maximum number of ordinary shares that may be issued upon conversion by 184,428 ordinary shares. The Board of Directors will seek a related authorisation at the EGM scheduled for 12 March 2012. The conversion price of the convertible bonds due 2015 will be adjusted from GBP 7.0043 (€8.3435) to GBP 6.8937 (€8.2117) resulting in an increase of the maximum number of ordinary shares that may be issued upon conversion by 432,807 ordinary shares. ENQUIRIES Talvivaara Mining Company Plc Tel: +358 20 7129 800 Pekka Erkinheimo, Chief Commercial Officer Saila Miettinen-Lähde, Chief Financial Officer Talvivaara Mining Company Plc Talvivaara Mining Company is an internationally significant base metals producer with its primary focus on nickel and zinc using a technology known as bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction of metals from low grade ore economically viable. The Talvivaara deposits comprise one of the largest known sulphide nickel resources in Europe. The ore body is estimated to support anticipated production for several decades. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE- 250 index. Further information can be found atwww.talvivaara.com. [HUG#1586783] |
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