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2009-04-20 09:00:00 CEST 2009-04-20 09:00:10 CEST REGULATED INFORMATION Tiimari Oyj Abp - Company AnnouncementTIIMARI PLC IS UNDERTAKING A DIRECTED ISSUE TO FINNISH INSTITUTIONAL INVESTORSTiimari Plc Stock Exchange Release April 20, 2009 at 10.00 TIIMARI PLC IS UNDERTAKING A DIRECTED ISSUE TO FINNISH INSTITUTIONAL INVESTORS; BOOKBUILDING COMMENCES TODAY APRIL 20, 2009 Tiimari Plc (“Tiimari” or the “Company”) Board of Directors announces that based on the authorization granted by the Annual General Meeting on April 7, 2009 it will undertake a directed issue (“Directed Issue”) of up to 5,155,535 new ordinary shares (“Shares”), representing approximately 45.6 per cent of the Company's issued ordinary share capital immediately prior to the directed issue. Further based on the authorization the Board of Directors intends to deviate from the pre-emptive rights of the Shareholders and offers the new ordinary shares to Finnish institutional and professional investors. The Directed Issue will be carried out by means of an accelerated bookbuild. The Company will deviate from the pre-emptive rights of the Shareholders in order to strengthen the balance sheet structure and the financial position of the Company in a way that is financially efficient and less time-consuming. The Directed Issue commences with immediate effect and will close on April 23, 2009 at 18.00. The Board of Directors may decide on accelerating or postponing the closing of the Directed Issue. The price for a new ordinary share to be issued will not be less than EUR 1.20 and not more than EUR 1.30. The final terms and conditions of the Directed Issue including the final price in respect of the new ordinary shares to be issued by the Company shall be determined at the close of the bookbuild process. The Company will publish the result of the bookbuild and the final terms of the Directed Issue on April 24, 2009. Hannu Ryöppönen and Sven-Olof Kulldorff, the new members of the Board of Directors elected at the Annual General Meeting April 7, 2009, and Hannu Krook, the new CEO as from the same date, and Atine Group Oy, Assetman Oy, Baltiska Handels A.B., Oy Rosaco Ab and Suomen Kauppayhtiöt Oy - the Shareholders contacted by the Company have indicated their intention to subscribe shares for a total of at least MEUR 3.0. Bookrunner for the Directed Issue is Nordea Corporate Finance Oy. Tiimari Plc Board of Directors Further information: CEO Hannu Krook tel. + 358 (0)3 812911, e-mail hannu.krook@tiimari.fi Distribution: NASDAQ OMX Helsinki important news media Tiimari Plc is a listed company. The group consists of three retail shop concepts: Tiimari, Gallerix and Paperazzi. These three concepts do business in eight countries within the Baltic Sea region and there are altogether nearly 300 shops. All three concepts belong to the forerunners of their market segment. In the corporation there is also a company called Tiimore Oy which specialises in corporate gifts and sales promotion solutions. |
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