|
|||
2009-12-14 13:33:00 CET 2009-12-14 13:33:04 CET REGULATED INFORMATION Ruukki Group Oyj - Company AnnouncementKERMAS LIMITED DECREASED ITS VOTING RIGHTS BELOW MANDATORY BID THRESHOLDRuukki Group Plc, Stock Exchange Release, 14 December 2009 at 2:33 p.m. KERMAS LIMITED DECREASED ITS VOTING RIGHTS BELOW MANDATORY BID THRESHOLD Kermas Ltd (registration number 504889, Tortola, British Virgin Islands) announces that it has on 11 December 2009 entered into an agreement to sell altogether 6,600,000 Ruukki Group Plc shares. As announced in the flagging notification published on 11 December 2009, Kermas Ltd's current ownership has fallen below 30% of the number of Ruukki Group Plc shares in the Trade Register and voting rights attached to these shares based on share transactions carried out on 10 December 2009. According to the agreement, Kermas Ltd will sell 6,600,000 Ruukki Group Plc shares on value date 14 December 2009. As a result of this share transaction, Kermas Ltd's proportion of voting rights attached to all the Ruukki Group Plc shares outstanding excluding treasury shares held by Ruukki Group Plc falls below 30% and is 29.58%. Thus, Kermas Ltd has fulfilled the conditions of the exemption received from the Finnish Financial Supervisory Authority and will no longer have an obligation to make a mandatory bid for Ruukki Group Plc shares according to the Securities Market Act. Kermas Limited owns Ruukki Group Plc shares as follows: -------------------------------------------------------------------------------- | | number of | % of registered | | | shares | shares and voting | | | | rights | -------------------------------------------------------------------------------- | Current ownership (shares) | 70,766,500 | 27.11% | -------------------------------------------------------------------------------- | Potential future ownership (option | +73,170,731 | 28.03% | | arrangement) | | | -------------------------------------------------------------------------------- | Total | 143,937,231 | 55.14% | -------------------------------------------------------------------------------- Ruukki Group Plc's registered number of shares is 261,034,022 and share capital is EUR 23,642,049.60. The number of treasury shares held by Ruukki Group Plc is currently 21,787,917 shares. RUUKKI GROUP PLC Alwyn Smit Chief Executive Officer Ruukki Group is an industrial group focusing on minerals and wood processing businesses. Ruukki Group Plc's shares are listed on NASDAQ OMX Helsinki and traded in the mid cap segment, in the industrials sector. For additional information, please contact: Alwyn Smit Chief Executive Officer Ruukki Group Plc Telephone +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. |
|||
|