07:00 London, 09:00 Helsinki, 6 September 2011 – Ruukki Group Plc, Stock Exchange Release
SHARE SUBSCRIPTIONS UNDER OPTIONS
Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) announces that a total of 2,976,213 ordinary shares of no par value (“Ordinary Shares”) have been subscribed on 5 September 2011 based on option rights held by Factorwood Ltd (“Factorwood”), a company incorporated and existing under the laws of British Virgin Islands. According to the terms of the option rights, the subscription price was EUR 2.18 per share. The subscription will be made utilising the Company’s treasury shares and the subscription price of EUR 6,488,144.34 shall be accounted for in whole in the Company's paid-up unrestricted equity reserve.
The option rights were originally issued to Kermas Ltd (“Kermas”) in relation to an earn-out consideration for the chrome ore and ferrochrome business acquired from Kermas in 2008. The option rights were approved at the Extraordinary General Meeting held on 28 October 2008. The profit share calculation for the earn-out consideration has now been confirmed for the years 2009 and 2010 and Kermas has transferred all the 2009 and 50 per cent of the 2010 option rights to Factorwood with the approval of Ruukki’s Board of Directors on 5 September 2011.
Following the transfer, the Company has 248,432,000 ordinary shares in issue and holds 4,814,682 ordinary shares in treasury.
RUUKKI GROUP PLC
Thomas Hoyer
CEO
For additional information, please contact:
Ruukki Group Plc
Thomas Hoyer, CEO, +358 (0)45 6700 491, thomas.hoyer@ruukkigroup.fi
Markus Kivimäki, General Manager: Corporate Affairs, +358 (0)50 3495 687, markus.kivimaki@ruukkigroup.fi
Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.co.uk
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 chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferro alloys business in southern Africa.The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.fi
Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.fi