Larox Corporation Company announcement 25.1.2010 at 9:15 am
More than 90 % of all Larox shares and votes tendered to Outotec
Larox Corporation has been informed that according to preliminary information
received by Outotec Oyj, Outotec has, by January 21, 2010, been offered in its
mandatory public tender offer for Larox Corporation an amount of Larox shares,
which together with the Larox shares already owned by Outotec represents
approximately 90.2% of all the Larox shares and approximately 98.1% of all the
votes attached to the Larox shares.
Outotec stock exchange release published on January 22 is enclosed in its
entirety to this company announcement.
Larox Corporation
Further information:
Juhana Ylikojola
President & CEO
Phone +358 207 687 266
Fax +358 207 687 380
juhana.ylikojola@larox.com
www.larox.com
Distribution NASDAQ OMX Helsinki Ltd., Central Media
Larox develops, designs and manufactures industrial filters and is a leading
technology company in its field. Larox is a full service solution provider in
filtration for separating solids from liquids. It supplies comprehensive
aftermarket services throughout the lifespan of the Larox solution. Companies
world-wide in mining and metallurgy, chemical processing and related industries
benefit from the Larox technologies. Larox operates in over 40 countries and
has about 600 employees. Larox has production facilities in Finland and in
China, and the Group is headquartered in Lappeenranta, Finland. Net sales in
2008 totaled 208.0 million euros, of which more than 93 % were generated by
exports and the company's foreign operations.
ENCLOSURE
OUTOTEC OYJ STOCK EXCHANGE RELEASE, JANUARY 22, 2010 AT 1.45 PM
More than 90% of all Larox shares and votes tendered to Outotec
According to preliminary information received by Outotec Oyj ("Outotec"),
Outotec has, by January 21, 2010, been offered in its mandatory public tender
offer for Larox Corporation ("Larox") (the "Tender Offer") an amount of Larox
shares, which together with the Larox shares already owned by Outotec represents
approximately 90.2% of all the Larox shares and approximately 98.1% of all the
votes attached to the Larox shares.
The offer period under the Tender Offer commenced on December 28, 2009. The
Tender Offer is made for all the series A and B shares issued by Larox, which
are not in the ownership of Outotec or which Larox does not own, as well as for
the unused subscription rights relating to the 1994 bonus issue by Larox (the
"Subscription Rights").
The Larox shares and Subscription Rights tendered in the Tender Offer are
transferred to the ownership of Outotec in connection with the completion of the
Tender Offer in accordance with the terms and conditions of the Tender Offer.
Should Outotec's holding in Larox in accordance with the final result of the
Tender Offer exceed 90% of all the Larox shares and the votes attached to the
shares, Outotec shall have a right and obligation to redeem the remaining shares
issued by Larox.
The offer period under the Tender Offer expires today at 4.00 pm (Finnish time).
Outotec Oyj
Board of Directors
For further information, please contact:
OUTOTEC OYJ
Pertti Korhonen, CEO, tel. +358 20 529 211
Vesa-Pekka Takala, CFO, tel. +358 20 529 211, +358 40 570 0074
Rita Uotila, VP - Investor Relations, tel. +358 20 529 2003, +358 400 954 141
Eila Paatela, VP - Corporate Communications, tel. +358 20 529 2004, +358 400 817
198
e-mails: firstname.lastname@outotec.com
DISTRIBUTION
NASDAQ OMX Helsinki
Main media
www.outotec.com
THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION
WHERE PROHIBITED BY APPLICABLE LAW AND THIS STOCK EXCHANGE RELEASE IS NOT AND
MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION
WHERE PROHIBITED BY APPLICABLE LAW BY ANY MEANS WHATSOEVER INCLUDING, WITHOUT
LIMITATION, MAIL, FACSIMILE TRANSMISSION, E-MAIL OR TELEPHONE.
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Outotec is a worldwide technology leader providing innovative and
environmentally sound plants, processes, equipment and services for a wide
variety of customers in minerals and metals processing as well as related
process industries. Outotec Oyj is listed on the Nasdaq OMX Helsinki.
www.outotec.com
http://www.outotec.com