Advertisement
UK markets close in 5 hours 56 minutes

  • FTSE 100

    8,108.77
    +29.91 (+0.37%)
     

  • FTSE 250

    19,840.19
    +238.21 (+1.22%)
     

  • AIM

    755.93
    +2.81 (+0.37%)
     

  • GBP/EUR

    1.1656
    -0.0001 (-0.01%)
     

  • GBP/USD

    1.2512
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    51,582.39
    +435.33 (+0.85%)
     

  • CMC Crypto 200

    1,391.37
    -5.16 (-0.37%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    83.81
    +0.24 (+0.29%)
     

  • GOLD FUTURES

    2,362.40
    +19.90 (+0.85%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,036.65
    +119.37 (+0.67%)
     

  • CAC 40

    8,026.62
    +9.97 (+0.12%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act

GlobeNewswire

Rautaruukki Corporation Stock exchange release 22 April 2014 at 5.15pm EEST

Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act

Rautaruukki Corporation (Rautaruukki) has today 22 April 2014 received from SSAB AB (SSAB) the following flagging notice in accordance with the Securities Market Act:

If the exchange offer for all the shares in Rautaruukki announced by SSAB on 22 January 2014 is completed, the ownership of SSAB in Rautaruukki would, upon the completion of the settlement trades of the shares tendered into the exchange offer of by 22 April 2014 (including the acceptance of the exchange offer by Rautaruukki`s largest shareholder Solidium Oy, in accordance with the undertaking provided in advance by Solidium Oy) exceed 40.38 percent of all the shares and voting rights in Rautaruukki.

ADVERTISEMENT

SSAB would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 22 April 2014 gain the hold of 56 641 012 of Rautaruukki`s shares, which would equate to 40.38 percent of the total outstanding shares and votes in Rautaruukki.

On 22 January 2014, the Boards of Directors of SSAB and Rautaruukki announced a plan to combine the two companies through SSAB making a public share exchange offer which Rautaruukki`s Board of Directors has recommended Rautaruukki`s shareholders to accept. The offer period of the share exchange offer commenced at 9 am EEST on 14 April 2014 and will continue until 4 pm EEST on 12 May 2014, unless the offer period is extended.

For further information, please contact:
Olli Huuskonen, SVP, General Counsel, tel. +358 20 592 9300

Taina Kyllönen
SVP, Marketing and Communications

Ruukki specialises in steel and steel construction. We provide customers with energy-efficient steel solutions for better living, working and moving. We have around 8,600 employees and an extensive distribution and dealer network across some 30 countries including the Nordic countries, Russia and elsewhere in Europe and the emerging markets, such as India, China and South America. Net sales in 2013 totalled €2.4 billion. The company`s share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rautaruukki Oyj via GlobeNewswire
HUG#1778707