Iittala Group Plc Stock Exchange Release 22 March 2007 at 6 p.m.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.
IITTALA GROUP PLC'S OFFERING CIRCULAR HAS BEEN SUPPLEMENTED
Iittala Group Plc ("Iittala Group") has supplemented the offering circular
published on 9 March 2007 in connection with the offering (the "Offering")
arranged by Iittala Group in accordance with the stock exchange release
published on 22 March 2007. The supplement to the offering circular has been
approved by the Finnish Financial Supervision Authority on 22 March 2007. The
offering circular has been supplemented with the following:
The Board of Directors and the main shareholders of Iittala Group have decided
to fix the Offer Price at EUR 9.50 per Offer Share which is the mid-point of the
preliminary price range.
The Board of Directors of Iittala Group have also decided to prolong Iittala
Group's Offering until noon (Finnish time) on Tuesday, 27 March 2007 as regards
institutional investors and until 5 p.m. (Finnish time) on Monday, 26 March 2007
as regards retail investors. Investors have the right to change or withdraw
their decision pursuant to the Finnish Securities Market Act due to the
supplement to the offering circular.
Subscription places will accept new subscriptions from retail investors at the
Offer Price of EUR 9.50 from 9 a.m. (Finnish time) on Friday, 23 March
2007 until 5 p.m. (Finnish time) on Monday, 26 March 2007.
Trading of the shares in Iittala Group on the pre-list of the Helsinki Stock
Exchange is expected to commence on or about 28 March 2007, and on the main list
of the Helsinki Stock Exchange on or about 2 April 2007.
The supplement to the offering circular will be available in the subscription
places of the shares, the Company's head office, the Helsinki Stock Exchange at
OMX Way, Fabianinkatu 14, FI-00130 Helsinki, Finland and on the Company's
homepage at www.iittalagroup.com as of 23 March 2007 at 9 a.m. The supplement
will be attached to the offering circular in all the places where the offering
circular is available.
Pursuant to the Finnish Securities Market Act, investors who are committed to
subscribe for shares in the share issue prior to the publication of the
supplement to the offering circular have the right to withdraw their decision.
The right of withdrawal is valid two banking days after the publication of the
supplement and it shall expire on 26 March 2007 at 5 p.m. (Finnish time). The
decision on withdrawal shall be made in the same manner as the subscriptions
were given. It is not possible to cancel or amend a subscription commitment in
the Retail Offering through Nordea's Internet bank but the cancellation must be
made through the other places of subscription within Nordea. If a subscription
is withdrawn, the paid subscription price will be refunded to the investor's
bank account given in connection with the subscription.
Iittala Group Plc
The Board of Directors
For further information, please contact:
Tero Vähäkylä
Iittala Group, President and CEO
tel. 0204 39 5306
Elina Björklund
Iittala Group, Group Director
tel. 0204 39 5761
Distribution:
Helsinki Stock Exchange
Main media
This document is not a prospectus and as such does not constitute an offer to
sell securities. Investors should not subscribe for any securities referred to
in this document, except on the basis of the information contained in a
prospectus. Offers will not be made directly or indirectly in any jurisdiction
where prohibited by applicable law or where any registration or prospectus or
other requirements would apply in addition to those undertaken in Finland.
These materials are not an offer for sale of securities in the United States or
in any jurisdiction of the European Economic Area. Securities may not be offered
or sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended. Iittala Group
has not registered, and does not intend to register, any portion of any offering
of its securities in the United States, and does not intend to conduct a public
offering of its securities in the United States.
This press release may not be distributed or sent into the United States,
Australia, Canada or Japan. This document is only being distributed to and is
only directed at (i) persons who are outside the United Kingdom or (ii) to
investment professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as “relevant persons”). The Offer Shares are
only available to, and any invitation, offer or agreement to subscribe, purchase
or otherwise acquire such Offer Shares will be engaged in only with, relevant
persons. Any person who is not a relevant person should not act or rely on this
press release or any of its contents.
This press release 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, which, when published, can be obtained from the
Finnish places for subscription.
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 Prospectus
Directive is only addressed to qualified investors in that Member State within
the meaning of the Prospectus Directive.
This press release includes forward-looking statements. These forward-looking
statements include all matters that are not historical facts, statements
regarding Iittala Group's intentions, beliefs or current expectations
concerning, among other things the Iittala Group's results of operations,
financial condition, liquidity, prospects, growth, strategies and the industry
in which Iittala Group operates. By their nature, forward-looking statements
involve risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future, and speak only as of the
date they are made. Iittala Group cautions you that forward-looking statements
are not guarantees of future performance and that its actual results of
operations, financial condition and liquidity and the development of the
industry in which Iittala Group operates may differ materially from those made
in or suggested by the forward-looking statements contained in this
presentation. In addition, even if Iittala Group's results of operations,
financial condition and liquidity and the development of the industry in which
Iittala Group operates are consistent with the forward-looking statements
contained in this press release, those results or developments may not be
indicative of results or developments in future periods. Iittala Group does not
undertake any obligation to review or confirm expectations or estimates or to
release publicly any revisions to any forward-looking statements to reflect
events that occur or circumstances that arise after the date of this press
release.
Stabilization/FSA