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2011-05-24 13:46:49 CEST 2011-05-24 13:47:11 CEST REGULATED INFORMATION Talvivaaran Kaivososakeyhtiö Oyj - Company AnnouncementTalvivaara Share Subscriptions based on Stock Options 2007A and 2007BStock Exchange Release Talvivaara Mining Company Plc 24 May 2011 Talvivaara Share Subscriptions based on Stock Options 2007A and 2007B A total of 103,708 Talvivaara Mining Company Plc.'s new shares were subscribed for during the period between 29 February 2011 and 29 April 2011 under the company's stock option rights 2007A and a total of 38,063 company's new shares were subscribed for during the period between 1 April 2011 and 29 April 2011 under the company's stock option rights 2007B. The entire subscription price of EUR 376,886.37 will be entered in the invested unrestricted equity reserve. As a result of the share subscriptions, the number of Talvivaara Mining Company Plc shares will increase to 245,721,603. The shares subscribed for under the stock options were registered in the Trade Register on 24 May 2011, as of which date the new shares will establish shareholder rights. Trading in the new shares will begin on NASDAQ OMX Helsinki on 25 May 2011. Talvivaara will also apply for admission of the shares to listing on the official list of the United Kingdom's Financial Services Authority and to trading on the main market of the London Stock Exchange and it is expected that the admission will take place and that trading will commence on or about 27 May 2011. The share subscription period for stock options 2007A is between 1 April 2010 and 31 March 2012 and for stock options 2007B between 1 April 2011 and 31 March 2013. By 29 April 2011 a total of 291,086 Talvivaara Mining Company Plc.'s new shares were subscribed for under the stock option rights 2007A and a total of 2,042,014 stock option rights 2007A remain unexercised and a total of 38,063 company's new shares were subscribed for under the stock option rights 2007B and a total of 2,295,037 stock option rights 2007B remain unexercised. The terms and conditions of Talvivaara Stock Options 2007 with additional information are available on http://www.talvivaara.com or https://www.evli.com/web/FI/en/private-clients-and-companies/other- services/incentive-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 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#1518282] |
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