07:00 London, 09:00 Helsinki, 6 September 2011 - Ruukki Group Plc, Stock
Exchange Release
SHARE SUBSCRIPTIONS UNDER OPTIONS
Ruukki Group Plc ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) announces
that a total of 2,976,213 ordinary shares of no par value ("Ordinary Shares")
have been subscribed on 5 September 2011 based on option rights held by
Factorwood Ltd ("Factorwood"), a company incorporated and existing under the
laws of British Virgin Islands. According to the terms of the option rights, the
subscription price was EUR 2.18 per share. The subscription will be made
utilising the Company's treasury shares and the subscription price of EUR
6,488,144.34 shall be accounted for in whole in the Company's paid-up
unrestricted equity reserve.
The option rights were originally issued to Kermas Ltd ("Kermas") in relation to
an earn-out consideration for the chrome ore and ferrochrome business acquired
from Kermas in 2008. The option rights were approved at the Extraordinary
General Meeting held on 28 October 2008. The profit share calculation for the
earn-out consideration has now been confirmed for the years 2009 and 2010 and
Kermas has transferred all the 2009 and 50 per cent of the 2010 option rights to
Factorwood with the approval of Ruukki's Board of Directors on 5 September 2011.
Following the transfer, the Company has 248,432,000 ordinary shares in issue and
holds 4,814,682 ordinary shares in treasury.
RUUKKI GROUP PLC
Thomas Hoyer
CEO
For additional information, please contact:
Ruukki Group Plc
Thomas Hoyer, CEO, +358 (0)45 6700 491,thomas.hoyer@ruukkigroup.fi
Markus Kivimäki, General Manager: Corporate Affairs, +358 (0)50
3495 687,markus.kivimaki@ruukkigroup.fi
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.fi
Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.fi
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ruukki Group Plc via Thomson Reuters ONE
[HUG#1544066]
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