Outokumpu - Resolutions of the Extraordinary General Meeting

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
February 14, 2014 at 3.35 pm EET
 

Outokumpu’s Extraordinary General Meeting, held today in Espoo, Finland, approved the proposal regarding authorization to the Board of Directors to decide on a share issue.

The Extraordinary General Meeting authorized the Board of Directors to undertake a share issue for consideration in which shareholders have the right to subscribe for new shares in proportion to their existing holdings of the shares of the company. The Board of Directors has the right to decide upon the offering to parties determined by the Board of Directors of any shares that may remain unsubscribed for pursuant to the shareholders’ pre-emptive subscription right. A maximum number of 65 000 000 000 new shares may be issued in the share issue. The Board of Directors is authorized to determine the other terms and conditions of the share issue. The share issue authorization of the Board of Directors shall be in force until December 31, 2014 and it does not revoke the share issue authorization given by the Annual General Meeting on March 18, 2013.

Outokumpu will announce the resolution of the Board of Directors regarding the planned rights issue of approximately 650 million euros as well as the record date of the rights issue and its terms and conditions in a separate stock exchange release after the resolution has been made.

The minutes of the Extraordinary General Meeting will be available for viewing at Outokumpu’s head office and at Outokumpu’s website www.outokumpu.com/en/investors/General-meetings on February 28, 2014 at the latest.  

A video recording of the presentation held by the CEO at the Extraordinary General Meeting will be available at www.outokumpu.com/en/investors/General-meetings later today, on Friday, February 14, 2014.   

For more information:

Investors:  Johanna Henttonen, tel. +358 9 421 3804, mob. +358 40 5300 778

Media: Saara Tahvanainen, tel. +358 40 589 0223

Outokumpu is the global leader in stainless steel and high performance alloys. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 12 500 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com