ADJUSTMENT OF THE SUBSCRIPTION UNIT OF THE SELIGSON & CO OMX HELSINKI 25 EXCHANGE TRADED FUND DUE TO THE RIGHTS OFFERING IN OUTOKUMPU


Outokumpu Oyj (OUT1V, FI0009002422), a constituent of Seligson & Co OMX Helsinki 25 Exchange Traded Fund, published a Stock Exchange release on March 7, 2012 regarding a rights offering. In the rights offering shareholders are entitled to seven new shares for every existing one.

According to the Outokumpu’s release the shares trade ex-rights from March 8, 2012. Trading in subscription rights (OUT1VU0112, FI4000038104) will begin on March 15, 2012.

As consequence of the above, Nasdaq OMX has informed that Outokumpu’s number of shares in the OMX Helsinki 25 -index will be increased in accordance with the terms of the offering.

The number of Outokumpu’s shares will not be increased in the OMX Helsinki 25 Exchange Traded Fund and in its subscription unit, to reduce trading costs in the management of the Fund. Instead, the rights will be included in the fund and the subscription unit starting from March 8, 2012. The number of rights will be in accordance the Fund’s ownership of Outokumpu’s shares. Therefore the constitution of the Fund and the subscription unit will temporarily differ from the OMX Helsinki 25 -index constitution until the rights are replaced by Outokumpu’s ordinary shares.

 

Additional information:

Jani Holmberg

jani.holmberg@seligson.fi

Phone +358 9 6817 8219

 

Ari Kaaro

ari.kaaro@seligson.fi

Phone +358 9 6817 8217

 

Seligson & Co Fund Management Company Plc

 

Ari Kaaro

Managing Director