Managers have exercised the over-allotment option in Outokumpu Technology offering
Not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan.
In connection with the initial public offering of Outokumpu Technology Oyj, Nordea Bank Finland Plc as the Global Coordinator has today exercised, on behalf of the managers, the over-allotment option to purchase 3 360 000 additional shares of Outokumpu Technology from Outokumpu to cover over-allotments in the institutional tranche of the offering. The net proceeds to Outokumpu from the exercise of the over-allotment option are approximately EUR 40 million and the capital gain recorded by Outokumpu will increase by some EUR 30 million.
Outokumpu's shareholding in Outokumpu Technology will fall to 5 039 999 shares after the exercise of the over-allotment option representing 12 percent of the share capital and votes in Outokumpu Technology.
For further information, please contact:
Kari Lassila, SVP - IR and Communications, tel. +358 9 421 2555
kari.lassila@outokumpu.com
Eero Mustala, SVP - Corporate Communications, tel. +358 9 421 2435
eero.mustala@Outokumpu.com
OUTOKUMPU OYJ
Corporate Management
Ingela Ulfves
Vice President - Investor Relations
tel. + 358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421 2125
e-mail: ingela.ulfves@outokumpu.com
www.outokumpu.com
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan. The materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of Shares in the United States.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of 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 does not constitute an offer of securities to the public in the United Kingdom. No prospectus has been or will be registered in the United Kingdom in respect of the securities, and consequently the securities must not be sold or offered for sale in the United Kingdom, except to persons whose ordinary activities involve them in acquiring, holding, managing or disposing of investments (as principal or agent) for the purposes of their business or whom it is reasonable to suppose will acquire, hold, manage or dispose of investments (as principal or agent) for the purposes of their business.