12:10 London, 14:10 Helsinki, 30 April 2013 - Ruukki Group Plc ("Ruukki" or "the Company") (LSE: RKKI, OMX: RUG1V), Stock Exchange Release
RUUKKI GROUP ANNOUNCES THE SETTLEMENT OF THE RUUKKI NAME DISPUTE
Ruukki Group Plc ("Ruukki" or the "Company") is pleased to announce that it has entered into a settlement agreement with Rautaruukki Oyj ("Rautaruukki") in relation to the dispute regarding the Company's and Rautaruukki's right to use and register trademarks and company names containing the word 'ruukki' or derivatives or figurative representations in their respective business activities. Consequently, the Company will change its name.
According to the settlement agreement, the Company and its subsidiaries are required to change their names to ones that do not contain the word Ruukki within six months (the "Transition Period"). Rautaruukki will compensate the Company in relation to the name change and both the Company and Rautaruukki will bear all of their own legal and other costs incurred in connection with the dispute. After the Transition Period, Rautaruukki and the Company will withdraw all claims and other actions that they have filed anywhere in the world against each other and the Company will assign Rautaruukki all rights and trademarks in relation to the 'Ruukki' name.
Ruukki will publish more information in relation to the name change in due course.
RUUKKI GROUP PLC
Danko Koncar
CEO
For additional information, please contact:
Ruukki Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175, danko.koncar@ruukkigroup.com
Investec Bank Plc
Neil Elliot, +44 (0)20 7597 5970, neil.elliot@investec.co.uk
George Price, +44 (0)20 7597 5970, george.price@investec.co.uk
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