NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.
On 21 June 2007, Ruukki Group Plc (“Ruukki Group” or the “Company”) gave notice
of its resolution to implement a directed offering and to issue a total of
130,000,000 new shares as well as to grant an over-allotment option relating to
the offering comprising a maximum of 19,500,000 new shares to Evli Bank Plc, the
manager of the offering.
Evli Bank Plc has exercised the over-allotment option granted to it in
accordance with the terms and conditions and the placing agreement of the
offering and has today, on 16 July 2007, subscribed for the additional new
shares in full at the subscription price of the offering EUR 2.30 per share to
cover the over-allotments. The board of directors of the Company has today
approved the subscription made by Evli Bank Plc. Following the exercise of the
over-allotment option, Ruukki Group will issue a total of 19,500,000 new shares.
The additional shares correspond to approximately 6.7 percent of the total
number of the Company's outstanding shares and votes attached to such shares
after the offering. In accordance with the terms and conditions of the offering,
the subscription price will be credited in full to the paid-up unrestricted
equity reserve. Following the registration of the new shares, the number of
shares in Ruukki Group will be 290.034.022.
Following the subscription of the additional shares, Ruukki Group's total net
proceeds from the offering will be approximately EUR 337 million.
The new shares subscribed for in the offering entitle to dividends and shall
carry other shareholder rights as of the date when the new shares have been
registered with the Trade Register on or about 18 July 2007. The new shares will
be admitted to public trading on the Helsinki Stock Exchange after the shares
have been registered with the Trade Register, i.e., on or about 18 July 2007.
RUUKKI GROUP PLC
Antti Kivimaa
Managing Director
Ruukki Group is a multi-sector industrial group having mainly majority ownership
interests in various small and medium-sized companies in e.g. house building,
sawmilling business, furniture business and care services. Ruukki Group share
(RUG1V) is listed on OMX Nordic Exchange's so-called mid cap category.
Further information:
Antti Kivimaa
Managing Director
Ruukki Group Plc
Tel. +358 400 501 780
www.ruukkigroup.fi
The information contained herein is not for release, publication or
distribution, directly or indirectly, in or into Australia, Canada, Japan or the
United States. This release does not constitute an offer to sell shares in
Australia, Japan, Canada or the United States (save for exemption regarding the
private placement). The shares referred to in the release may only be offered or
sold in the United States pursuant to an exemption from registration
requirements as provided for in the U.S. Securities Act of 1933, or in a
transaction not subject to U.S. Securities Act of 1933 or any applicable laws of
the states of the United States. There is no intention to register this offering
or any portion of it in the United States or to conduct a public offering of the
shares in the United States.
This release does not constitute a direct or indirect offer to sell or acquire
securities, nor shall there be any sale of the shares in any jurisdiction in
which such offer or sale would be unlawful prior to registration of the shares,
exemption from registration requirement or other qualification under the
securities laws of any such jurisdiction.
This release does not constitute an offer of securities to the public in the
United Kingdom. No offering circular has been or will be registered in the
United Kingdom in respect of the securities, and consequently, the offering is
directed only to persons who (i) are outside the United Kingdom or (ii) are
per-sons falling within Article 19(5) ("investment professionals") of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all
such persons together being referred to as "relevant persons"). This release or
any of its contents must not be acted on or relied on by persons who are not
relevant persons.
OVER-ALLOTMENT SHARES SUBSCRIBED FOR BY THE MANAGER IN RUUKKI GROUP PLC'S DIRECTED OFFERING
| Source: Afarak Group Plc