SIEVI CAPITAL PLC STOCK EXCHANGE RELEASE 4 April 2014 5:30 p.m.
TAKEOVER BID FOR SIEVI CAPITAL PLC SHARES
Jussi Capital Ltd has 7 April gained the ownership of 28.500.829 shares in Sievi Capital Plc. Jussi Capital Ltd’s ownership has increased to 30.400.829 shares of the total number of 60.714.270 of the shares corresponding 50.07% of the total number 60.714.270 of the shares and voting rights in Sievi Capital plc. According to the chapter 11, section 19, of the Securities Markets Act Jussi Capital Ltd is obliged to make a public offer for the total amount of shares in Sievi Capital Plc.
The offer price per share shall be 1.44 euros per share. The offer price presents 18% premium compared to the closing price of Sievi Capital Plc’s share as of 4 April 2014. Shareholders who represent 18.01% of the outstanding shares (17.13% of total shares) of Sievi Capital Plc have irrevocably and unconditionally committed to accept the offer.
Jussi Capital Ltd is obliged to disclose the public offer no later than 7 May 2014. The public offer is expected to be disclosed during week 16.
Material terms and conditions of the Takever Bid published by Jussi Capital Ltd are attached to this stock exchange release (in Finnish). The Board of Directors shall publish a statement in accordance with the Finnish Securities Market Act after offer document has been published.
SIEVI CAPITAL PLC
For additional information:
CEO Harri Takanen
tel. +358 8 4882 500
NASDAQ OMX Helsinki