May 17, 2006
10:10 CET
Rautaruukki Corporation applies for listing of a and b warrants for 2003 bond loan on Helsinki exchanges
Rautaruukki Corporation Stock Exchange Announcement 17 May 2006 at 11.10
In accordance with the terms of Rautaruukki's bond loan with warrants 2003 offered to personnel, the warrants will be detached from the bond loan on 23 May 2006. Rautaruukki is applying to have the 2003 A and B warrants listed for public trading on the Main List of the Helsinki Exchanges as from 24 May 2006.
There are a total of 1,400,000 warrants. Half of them are A warrants and half are B warrants. The requirement has also been fulfilled relating to the earnings per share contained in the terms of the bond loan so that the subscription rights of the B warrant can come into force. Each warrant entitles the holder to subscribe one (1) Rautaruukki series K share, so a total of 1,400,000 shares can be subscribed with the A and B warrants.
Subscribed shares entitle the holder to a dividend for the period during which the shares are subscribed. Other shareholder rights start once the increase in share capital has been recorded in the trade register.
The share subscription price with A and B warrants during the period 24 May - 31 December 2006 is EUR 2.00 a share and the share subscription period with both warrants begins on 24 May 2006 and ends on 31 December 2006. The next subscription periods will be 15 April - 31 December 2007, 15 April - 31 December 2008 and 15 April - 23 May 2009. Share subscriptions with the warrants can be made in the securities management offices of the Cooperative Banks, members of OP Bank Group.
The terms for the warrants scheme were published in full in Rautaruukki's stock exchange release of 25 February 2003.
Further information:
Tiina Bäckman, General Counsel, tel. +358 (0)20 592 9068.
Rautaruukki Corporation
Taina Kyllönen
VP, Corporate Communications
Ruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Ruukki has operations in 23 countries and employs 12,000 people. Net sales in 2005 totalled EUR 3.7 billion. The company's share is quoted on the Helsinki Exchanges (Rautaruukki Corporation: RTRKS). The Corporation has used the marketing name Ruukki since 2004.
DISTRIBUTION
Helsinki Exchanges
Principal Media
www.ruukki.com
There are a total of 1,400,000 warrants. Half of them are A warrants and half are B warrants. The requirement has also been fulfilled relating to the earnings per share contained in the terms of the bond loan so that the subscription rights of the B warrant can come into force. Each warrant entitles the holder to subscribe one (1) Rautaruukki series K share, so a total of 1,400,000 shares can be subscribed with the A and B warrants.
Subscribed shares entitle the holder to a dividend for the period during which the shares are subscribed. Other shareholder rights start once the increase in share capital has been recorded in the trade register.
The share subscription price with A and B warrants during the period 24 May - 31 December 2006 is EUR 2.00 a share and the share subscription period with both warrants begins on 24 May 2006 and ends on 31 December 2006. The next subscription periods will be 15 April - 31 December 2007, 15 April - 31 December 2008 and 15 April - 23 May 2009. Share subscriptions with the warrants can be made in the securities management offices of the Cooperative Banks, members of OP Bank Group.
The terms for the warrants scheme were published in full in Rautaruukki's stock exchange release of 25 February 2003.
Further information:
Tiina Bäckman, General Counsel, tel. +358 (0)20 592 9068.
Rautaruukki Corporation
Taina Kyllönen
VP, Corporate Communications
Ruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Ruukki has operations in 23 countries and employs 12,000 people. Net sales in 2005 totalled EUR 3.7 billion. The company's share is quoted on the Helsinki Exchanges (Rautaruukki Corporation: RTRKS). The Corporation has used the marketing name Ruukki since 2004.
DISTRIBUTION
Helsinki Exchanges
Principal Media
www.ruukki.com