07:00 London, 09:00 Helsinki, 7 March 2011 - Ruukki Group Plc, Stock Exchange Release
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) announces that 950,000 ordinary shares in the Company (“Shares”) were transferred from the shares held in treasury and allotted to the following present and past directors of the Company on 4 March 2011.
The transfer takes place pursuant to the resolution related to the remuneration of the Board approved at the Annual General Meeting held on 21 April 2010 and the resolution of the Board of Directors from the board meeting held on 29 May 2010. The Shares have been released at no cost to the individuals.
The issued shares are subject to a lock-up commitment in accordance with the resolution of the Annual General Meeting. According to the lock-up commitment, the Company is entitled to redeem the Initial Shares free of charge, in part or in full, should the director’s term in the Board of Directors end before the third ordinary general meeting following the approval of this issue. The redemption will concern all of the issued shares (3/3) if the director’s term at the Board of Directors ends before the first, two-thirds (2/3) if before the second, and one-third (1/3) if before the third ordinary general meeting following the approval of this issue.
Following the transfer, the Company holds 7,790,895 ordinary shares in treasury.
| Name | No. of issued shares | Total holding after issuance | % holding after issuance * |
| Philip Baum - PDMR | 150,000 | 150,000 | 0.06 |
| Paul Everard - PDMR | 150,000 | 150,000 | 0.06 |
| Markku Kankaala - PDMR | 100,000 | 8,177,533 | 3.40 |
| Jelena Manojlovic – PDMR | 150,000 | 150,000 | 0.06 |
| Chris Pointon - PDMR | 150,000 | 150,000 | 0.06 |
| Barry Rourke - PDMR | 150,000 | 150,000 | 0.06 |
| Terence McConnachie – PDMR until 31 August 2010 | 100,000 | 100,000 | 0.04 |
| TOTAL | 950,000 |
* Holding of the issued share capital of the Company excluding treasury shares
RUUKKI GROUP PLC
Danko Koncar
Acting Managing Director
For additional information, please contact:
Ruukki Group Plc
Markus Kivimäki, Head of Corporate Affairs, +358 50 3495 687, markus.kivimaki@ruukkigroup.fi
Thomas Hoyer, CFO, +358 45 6700 491, thomas.hoyer@ruukkigroup.fi
Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.com
RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com
Ruukki Group is a natural resources company with a mining and minerals business in southern Europe and South Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.fi