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2010-06-30 12:30:00 CEST 2010-06-30 12:30:00 CEST REGULATED INFORMATION Suominen Yhtymä - Company AnnouncementFINAL OUTCOME OF SUOMINEN CORPORATION'S RIGHTS OFFERINGSUOMINEN CORPORATION STOCK EXCHANGE RELEASE 30 JUNE 2010 AT 1:30 P.M. Not for release, publication or distribution in or into the United States, Australia, Japan or Canada. FINAL OUTCOME OF SUOMINEN CORPORATION'S RIGHTS OFFERING The final outcome of Suominen Corporation's ("Suominen") rights offering shows that 23,108,629 shares, representing 97.6% of the total number of shares offered, were subscribed for with subscription rights. The remaining 566,273 shares were subscribed for without subscription rights. The total subscription level of the rights offering was 139.3%. Due to the oversubscription, the allotment of the new shares subscribed for without subscription rights was determined in proportion of the exercised subscription rights, according with the terms and conditions of the rights offering. The Board of Directors of Suominen has today approved all the subscriptions made with subscription rights. Subscriptions made without subscription rights have been approved in accordance with above described allocation principles. A notification will be sent on or about 2 July 2010 to confirm the allotment of new shares to subscribers having subscribed for the new shares without subscription rights. The subscription price will be returned to the investors on or about 1 July 2010 to the extent that investor's subscription for without subscription rights exceeds the allotted amount of the offer shares. Interim shares representing the new shares will be traded on NASDAQ OMX Helsinki until 1 July 2010. All shares subscribed for in the rights offering are expected to be registered with the Finnish Trade register on or about 1 July 2010, after which the interim shares will be combined with Suominen's existing shares and the shares subscribed for without subscription rights will be registered into the book entry accounts. Trading in the new shares alongside the existing shares is expected to commence on or about 2 July 2010. As a result of the rights offering, the number of Suominen's shares will increase by 23,674,902 shares to 47,395,014 shares. The total net proceeds of the rights offering will amount to approximately EUR 9.7 million. Pursuant to the terms and conditions of Suominen's option programs, the board of directors of Suominen have amended the terms and conditions of the option programs to take into account the impact of the rights offering so that when earlier one option right entitled to subscribe for one share it now entitles to subscribe for two shares. The subscription prices per share are adjusted so that now they are as follows: 2006C EUR 1.05, 2007A EUR 1.94, 2007B EUR 1.05 and 2009A EUR 0.95. Pohjola Corporate Finance Ltd acted as the Lead Manager for the rights offering. Helsinki, 30 June 2010 SUOMINEN CORPORATION Board of Directors For additional information please contact: Mr. Petri Rolig, President and CEO, tel. +358 (0)10 214 300 Mr. Arto Kiiskinen, Vice President and CFO, tel. +358 (0)10 214 300 DISCLAIMER: The information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the United States Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of any securities in the United States. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. This communication does not constitute an offer of securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FP Order") and (iii) high net worth entities falling within Article 49(2) of the FP Order, and other persons to whom it may lawfully be communicated, (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State that has implemented the Prospectus Directive is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive. This document is an advertisement for the purposes of applicable measures implementing Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus Directive will be published in connection with any offering of securities, and will be available at locations receiving subscriptions for shares. Pohjola Corporate Finance is acting exclusively for Suominen Corporation and no one else in connection with the share issue. It will not regard any other person (whether or not a recipient of this document) as a client in relation to the share issue and will not be responsible to anyone other than Suominen Corporation for providing the protections afforded to its clients, nor for giving advice in relation to the share issue or any transaction or arrangement referred to herein. No representation or warranty, express or implied, is made by Pohjola Corporate Finance as to the accuracy, completeness or verification of the information set forth in this release, and nothing contained in this release is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or the future. Pohjola Corporate Finance assumes no responsibility for its accuracy, completeness or verification and, accordingly, disclaims, to the fullest extent permitted by applicable law, any and all liability which it may otherwise be found to have in respect of this release. |
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