11:00 London, 13:00 Helsinki, 27 December 2011 - Ruukki Group Plc, Stock Exchange Release
HOLDINGS IN COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 2, SECTION 10 OF THE FINNISH SECURITIES MARKET ACT)
Ruukki Group Plc ("Ruukki") (LSE: RKKI, OMX: RUG1V) has on 23 December 2011 received a flagging notification in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act from Finaline Business Limited ("Finaline"), a company incorporated and existing under the laws of British Virgin Islands, regarding the shares of Ruukki.
In accordance with Ruukki's flagging notification on 1 April 2011, Finaline Business Limited has completed a share transfer agreement with Hanwa Co. Ltd concerning a sale and transfer of 27,000,000 shares in Ruukki Group Plc. The transaction has resulted in Finaline Business Limited increasing above 10 per cent and becoming a 10.87 per cent holder of the shares and voting rights in Ruukki.
1. Name of the target company
Ruukki Group Plc.
2. Basis for the flagging obligation
Finaline Business Limited has completed a share transfer agreement with Hanwa Co. Ltd concerning a sale and transfer of 27,000,000 shares in Ruukki Group Plc. The transaction has resulted in Finaline Business Limited increasing above 10 per cent.
3. Date when the holdings have changed
23 December 2011.
4. As a result of the transaction, the holding of Finaline Business Limited in Ruukki is the following:
Shares and voting rights attached to them
Number of shares | % of shares | Number of voting rights | % of voting rights |
27,000,000 | 10.87 | 27,000,000 | 10.87 |
5. Name and address of the shareholder
Finaline Business Limited
90 Main Street
Road Town
British Virgin Islands
RUUKKI GROUP PLC
Thomas Hoyer
CEO
For additional information, please contact:
Ruukki Group Plc
Thomas Hoyer, CEO, +358 (0)10 440 7000, thomas.hoyer@ruukkigroup.com
Markus Kivimäki, General Manager, Corporate Affairs and Company Secretary, +358 (0)50 3495 687, markus.kivimaki@ruukkigroup.com
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.com
Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.com