Munksjö Oyj has applied for listing of its shares on the Helsinki Stock Exchange
Stock exchange release
NOT TO BE DISTRIBUTED IN OR INTO AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR THE UNITED STATES.
Munksjö Oyj has today submitted a listing application to the Helsinki Stock Exchange (NASDAQ OMX Helsinki Ltd) for the listing of the company’s shares on the official list of the Helsinki Stock Exchange. The trading in Munksjö’s shares is expected to commence on Friday, 7 June 2013 under the trading symbol MUNK1.
The listing forms a part of the transactions included in the business combination agreement which was entered into by Munksjö AB, Ahlstrom Corporation (Ahlstrom), Munksjö Luxembourg Holding S.à.r.l. (EQT) and Munksjö Oyj on 28 August 2012. The purpose of the agreement is to combine Ahlstrom’s Label and Processing businesses in Europe (LP Europe) and Brazil (Coated Specialties) through two partial demergers with Munksjö AB’s business into Munksjö Oyj.
The transaction will be completed in two phases. In the first phase, LP Europe will be combined with Munksjö AB through the execution of the LP Europe demerger, the acquisition of Munksjö AB in exchange for new shares in Munksjö Oyj, a directed share issue of Munksjö Oyj to Ahlstrom, EQT, Munksjö AB and certain institutional investors and followed by the listing. The completion of the first phase is expected to take place at the latest on 27 May 2013 provided, among other things, that the competition clearance from the European Commission is obtained.
In the second phase, Coated Specialties will be combined with Munksjö Oyj through the execution of the Coated Specialties demerger. The conditions for the execution of the Coated Specialties demerger will not be fulfilled prior to the expiration of the demerger decision made by Ahlstrom’s Extraordinary General Meeting on 27 November 2012 and therefore Ahlstrom will convene a new Extraordinary General Meeting to resolve on a new partial demerger of Coated Specialties. The completion of the second phase is expected to take place by the end of 2013.
Additional information on the listing and the company will be available in a prospectus to be published by Munksjö Oyj on or about 20 May, 2013.
For more information:
Jan Åström, President and CEO, tel. +46 10 250 1001
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026
This document may not be distributed in or into Australia, Canada, the Hong Kong special administrative region of the People’s Republic of China, Japan, New Zealand, South Africa or the United States. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This document is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Ahlstrom Corporation, Munksjö AB and Munksjö Oyj have not registered, and do not intend to register, any offering of the Munksjö shares in the United States. There will be no public offering of the Munksjö shares in the United States.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order or (iv) persons who are members or creditors of the company to which this communication relates, falling within article 43(2) of the Order (all such persons in (i), (ii) (iii) and (iv) above together being referred to as “relevant persons”). Any investment activity to which this document relates will be only available to and will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.