NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.
On 21 June 2007, Ruukki Group Plc (“Ruukki Group” or the “Company”) gave notice
of its resolution to implement a directed offering and to issue a total of
130,000,000 new shares as well as to grant an over-allotment option relating to
the offering comprising a maximum of 19,500,000 new shares to Evli Bank Plc, the
manager of the offering.
Evli Bank Plc has today informed the Company that it will not undertake any
stabilization activities in conjunction with the offering. To cover the
over-allotments, Evli Bank Plc has decided to exercise in full the
over-allotment option granted to it in accordance with the terms and conditions
and the placing agreement of the offering and to subscribe for the additional
new shares in full at the subscription price of the offering EUR 2.30 per share.
Following the exercise of the over-allotment option, Ruukki Group will issue a
total of 19,500,000 new shares. The additional shares correspond to
approximately 6.7 percent of the total number of the Company's outstanding
shares and votes attached to such shares after the offering. Following the
registration of the new shares, the number of shares in Ruukki Group will be
290,034,022.
Following the subscription of the additional shares, Ruukki Group's total net
proceeds from the offering will be approximately EUR 337 million.
RUUKKI GROUP PLC
Antti Kivimaa
Managing Director
Ruukki Group is a multi-sector industrial group having mainly majority ownership
interests in various small and medium-sized companies in e.g. house building,
sawmilling business, furniture business and care services. Ruukki Group share
(RUG1V) is listed on OMX Nordic Exchange's so-called mid cap category.
Further information:
Antti Kivimaa
Managing Director
Ruukki Group Plc
Tel. +358 400 501 780
www.ruukkigroup.fi
The information contained herein is not for release, publication or
distribution, directly or indirectly, in or into Australia, Canada, Japan or the
United States. This release does not constitute an offer to sell shares in
Australia, Japan, Canada or the United States (save for exemption regarding the
private placement). The shares referred to in the release may only be offered or
sold in the United States pursuant to an exemption from registration
requirements as provided for in the U.S. Securities Act of 1933, or in a
transaction not subject to U.S. Securities Act of 1933 or any applicable laws of
the states of the United States. There is no intention to register this offering
or any portion of it in the United States or to conduct a public offering of the
shares in the United States.
This release does not constitute a direct or indirect offer to sell or acquire
securities, nor shall there be any sale of the shares in any jurisdiction in
which such offer or sale would be unlawful prior to registration of the shares,
exemption from registration requirement or other qualification under the
securities laws of any such jurisdiction.
This release does not constitute an offer of securities to the public in the
United Kingdom. No offering circular has been or will be registered in the
United Kingdom in respect of the securities, and consequently, the offering is
directed only to persons who (i) are outside the United Kingdom or (ii) are
per-sons falling within Article 19(5) ("investment professionals") of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all
such persons together being referred to as "relevant persons"). This release or
any of its contents must not be acted on or relied on by persons who are not
relevant persons.
NO STABILIZATION ACTIVITIES WILL BE UNDERTAKEN IN RUUKKI GROUP PLC'S DIRECTED OFFERING; THE MANAGER OF THE OFFERING WILL EXERCISE THE OVER-ALLOTMENT OPTION IN FULL
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