Kemira Oyj has sold its remaining 8,344,999 shares in Kemira GrowHow Oyj, corresponding to some 14.6% of Kemira GrowHow Oyj's share capital. The shares were sold at a price of EUR 6.00 per share, resulting in gross proceeds to Kemira Oyj of EUR 50.1 million from the sale. The shares were sold in a placing lead managed by ABN AMRO Rothschild. The shares were sold to institutional investors in Finland and internationally. ABN AMRO Rothschild has waived the lock-up agreement entered into by Kemira Oyj in connection with the IPO of Kemira GrowHow Oyj in October, 2004.
Following the sale, Kemira Oyj will not own any shares of Kemira GrowHow Oyj.
Additional information:
Kemira Oyj
Timo Leppä, Executive Vice President - Communications
Tel. +358 (0)10 862 1700, GSM +358 (0)50 301 6800
Sami Koski, Group General Counsel
Tel. +358-(0)10-862 1639, GSM +358-40-7227575
The information contained herein is not for publication or distribution into the United States, Canada, Australia or Japan. Any failure to comply with this restriction may constitute a violation of United States, Canadian, Australian or Japanese securities laws. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale into, or the solicitation of an offer to buy from, the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the laws of any state, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities law of any such jurisdiction.