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2010-03-09 08:50:14 CET 2010-03-09 08:52:28 CET REGULATED INFORMATION Talvivaaran Kaivososakeyhtiö Oyj - Company AnnouncementTALVIVAARA STOCK OPTIONS 2007Talvivaara Mining Company Plc Stock Exchange Release March 9, 2010 Corporate Action TALVIVAARA STOCK OPTIONS 2007 The Annual General Meeting of Talvivaara Mining Company Plc resolved on 28 February 2007 to issue Talvivaara Stock Options 2007 as a part of the Talvivaara group's incentive and commitment program for the key personnel. The Stock Options 2007 entitle their holders to subscribe a maximum of 6,999,300 new shares in the Company. The Stock Options 2007 have been divided into series A, B and C. The share subscription prices per share with the option rights 2007A, 2007B and 2007C currently amount to GBP 2.25, GBP 2.625 and GBP 2.75, respectively. The Board of Directors of Talvivaara has decided that the payments for the share subscriptions with Stock Options 2007 will be accepted both in pound sterling and in euro. The share subscription price in euro will be determined by the euro reference exchange rate for the pound sterling computed and published by the European Central Bank on the day preceding the date of share subscription. A total of 2,333,100 option rights 2007A were issued. The Board of Directors has distributed a total of 2,113,500 option rights 2007A that will become freely transferable by the key employees of Talvivaara as of April 1, 2010. In addition, the Board of Directors has on 8 March 2010 decided to distribute a total of 176,600 option rights 2007A including a partial share subscription and holding obligation to the members of the Executive Committee. The share subscription period for the Stock Options 2007A is 1 April 2010 - 31 March 2012. The Board of Directors of Talvivaara has resolved to apply for listing of stock option rights 2007A on NASDAQ OMX Helsinki to commence on 1 April 2010. New shares subscribed with the Stock Options 2007A will be listed as additional lots of Talvivaara shares on the main list of NASDAQ OMX Helsinki together with the old shares after the new shares have been registered. Evli Bank plc acts as a subscription place for share subscriptions with Talvivaara Stock Options 2007. The share subscriptions shall be made by paying the subscription price either in pound sterling or in euro. As a result of the exercise of the Stock Options 2007A, the number of the Talvivaara shares may increase by a maximum of 2,333,100 new shares, which accounts for 1 % of the number and voting rights of the outstanding shares. The terms and conditions of Talvivaara Stock Options 2007 with additional information are available on the company's website: www.talvivaara.com <http://www.talvivaara.com/> or www.evli.com/web/FI/en/private-clients-and-companies/other-services/incentive-pr ograms/talvivaara<http://www.evli.com/web/FI/en/private-clients-and-companies/other-services/ince ntive-programs/talvivaara> 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 aims to become 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 sufficient to support anticipated production for at least 46 years. 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 at www.talvivaara.com. [HUG#1391980] |
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