Outokumpu Oyj (HEL:OUT1V) STOCK EXCHANGE ANNOUNCEMENT October 21, 2008 at 4.30 p.m.
The Finnish Financial Supervision Authority has on October 17, 2008 granted an exception to the State of Finland and Solidium Oy not to make a public tender offer for Outokumpu's shares and share-based securities. The exemption is related to the State's intention to transfer all of its shares in Outokumpu to Solidium Oy, in which it is the sole shareholder.
Without the exemption, Solidium Oy would under the Finnish Securities Markets Act have an obligation to launch a public tender offer for all of Outokumpu's shares and share-based securities. According to the Finnish Financial Supervision Authority the control related to the shares does not in actual fact transfer as the State of Finland is the sole shareholder of Solidium Oy. The exemption will take effect following the appeal period and handling of potential appeals.
The State of Finland holds 31.1% of Outokumpu's shares and voting power.
OUTOKUMPU OYJ Corporate Management
Ingela Ulfves Vice President - Investor Relations and Financial Communications tel. +358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421 2125 e.mail: ingela.ulfves@outokumpu.com www.outokumpu.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
LINK: http://hugin.info/3010/R/1261681/276346.pdf
Outokumpu Oyj
http://www.outokumpu.com
ISIN: FI0009002422
Stock Identifier: XHEL.OUT1V
The Finnish Financial Supervision Authority has on October 17, 2008 granted an exception to the State of Finland and Solidium Oy not to make a public tender offer for Outokumpu's shares and share-based securities. The exemption is related to the State's intention to transfer all of its shares in Outokumpu to Solidium Oy, in which it is the sole shareholder.
Without the exemption, Solidium Oy would under the Finnish Securities Markets Act have an obligation to launch a public tender offer for all of Outokumpu's shares and share-based securities. According to the Finnish Financial Supervision Authority the control related to the shares does not in actual fact transfer as the State of Finland is the sole shareholder of Solidium Oy. The exemption will take effect following the appeal period and handling of potential appeals.
The State of Finland holds 31.1% of Outokumpu's shares and voting power.
OUTOKUMPU OYJ Corporate Management
Ingela Ulfves Vice President - Investor Relations and Financial Communications tel. +358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421 2125 e.mail: ingela.ulfves@outokumpu.com www.outokumpu.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
LINK: http://hugin.info/3010/R/1261681/276346.pdf
Outokumpu Oyj
http://www.outokumpu.com
ISIN: FI0009002422
Stock Identifier: XHEL.OUT1V
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