Outokumpu - Announcement regarding an agreement which, if completed, will result in change in holdings
28 March 2012 at 9.00 am EET
Outokumpu Oyj (business identity code: 0215254-2) has on 27 March 2012 received a notification based on Chapter 2, Section 9 of the Finnish Securities Market Act from Ilmarinen Mutual Pension Insurance Company (business identity code: 0107638-1).
Such notification by Ilmarinen contains the following information:
The sale and purchase agreement regarding subscription rights announced in Ilmarinen’s flagging notice dated 12 March 2012 was completed on 27 March 2012. The shares and voting rights of Outokumpu to be received on the basis of the subscription rights related to this transaction and Ilmarinen’s own holding will exceed the 1/20 flagging threshold when the subscription rights are exercised. After the exercise of the subscription rights, Ilmarinen will own 87 353 368 shares in Outokumpu, representing 6.00 percent of total Outokumpu shares and voting rights. Ilmarinen’s new holding has been calculated assuming that all subscription rights allocated in Outokumpu’s rights offering will be exercised in full.
The share capital of Outokumpu currently consists of 183 018 749 shares. Each share carries one vote.
OUTOKUMPU OYJ
Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group’s head office is located in Espoo, Finland.
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