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2008-10-10 11:31:09 CEST 2008-10-10 11:32:09 CEST REGULATED INFORMATION Ruukki Group Oyj - Company AnnouncementTHE PROPOSAL OF THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING FOR RESOLVING ON OPTION RIGHTS TO CEORuukki Group Plc, Stock Exchange Release, 10 October 2008 at 12:31 p.m. Board of Directors of Ruukki Group Plc proposes to the Extraordinary General Meeting that as a part of the rewarding and incentive plan the company would give, in deviation from the shareholders´ pre-emptive right of subscription, in total maximum 2,900,000 option rights according to the terms described more strictly in annex. The option rights would entitle the owner to subscribe in total maximum 2,900,000 new shares or shares that are in the possession of the company. The option rights would be given to the company's CEO Alwyn Smit to increase his commitment and work motivation. As the option rights are meant to be a part of the company's rewarding and incentive plan there is a weighty financial reason to deviate from the shareholders' pre-emptive right. The subscription price of the option rights is EUR 2.30 per share. The share subscription period for 1,450,000 stock options commences on October 1, 2009 and for 1,450,000 stock options on October 1, 2010. The subscription period matures on December 31, 2015. ESPOO ON OCTOBER 10, 2008 RUUKKI GROUP PLC BOARD OF DIRECTORS Ruukki Group Plc's shares are listed on OMX Nordic Exchange Helsinki in which the shares of the Company are traded in the mid cap segment, in the industrials sector. For additional information, please contact: Alwyn Smit Chairman of the Board and CEO Ruukki Group Plc Telephone +358 50 442 1663 / +41 7960 19094 www.ruukkigroup.fi This stock exchange release is based on a translation into English of a document written in Finnish. In case of any discrepancies, inconsistencies or inaccuracies, the Finnish version of the release shall prevail. |
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