Last checked at 26 Jul 2010 08:00
Ruukki Group Plc
("Ruukki" or the "Company")
First day of dealings
26 July 2010 - London and Helsinki: Ruukki Group Plc ("Ruukki"or the "Company") (LSE: RKKI, OMX: RUG1V) is pleased to announce the admissionof the Company's entire issued share capital to the premium segment of the OfficialList of the UK Listing Authority and to trading on the London Stock Exchange plc'smain market for listed securities ("Admission").
Trading in the ordinary shares of the Company (the "Ordinary Shares")was effective as of 08.00 today under the stock code LSE: RKKI.247,982,000 Ordinary Shares are on issue and were admitted to trading. No new sharesin the Company have been issued in connection with Admission. The Ordinary Sharesare also listed on the NASDAQ OMX Helsinki Oy stock exchange, and will continue tobe listed on that exchange following Admission.
Ernst & Young LLP is acting as the Company's sponsor in connectionwith Admission.
Copies of the Prospectus prepared by the Company, and approved bythe Finnish Financial Supervisory Authority (together with the Finnish language versionof the summary set out in the Prospectus), are available free of charge from theCompany's offices at Keilasatama 5,02150 Espoo, Finland during normal business hoursand on the Company's website: www.ruukkigroup.fi. The Prospectus is also availablefor inspection at the UK Listing Authority's Document Viewing Facility situatedat: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E145HS.
As securities issued by non-UK companies cannot be held or transferredin the CREST system, the Company has arranged for Capita IRG Trustees Limited toissue depositary interests in respect of the underlying Ordinary Shares ("DepositaryInterests") to allow trading and settlement in respect of the underlying OrdinaryShares in CREST. References to the Ordinary Shares shall be deemed to include, wherethe context permits, reference to the Depositary Interests.
Alwyn Smit, Ruukki CEO, commented:
"We are extremely pleased to have achieved a listing on the mainmarket of the London Stock Exchange. We believe this listing will enhance the Company'sprofile and will provide an opportunity for Ruukki to widen its shareholder basethrough increased access to international institutional investors. This is a majorstep forward in terms of delivering growth to our shareholders".
For additional information please contact:
Ruukki Group Plc
Alwyn Smit (CEO): +41 7960 19094
Ernst & Young LLP - Sponsor +44 20 7951 2000
Tim Medak
Graham Swindells
Joanne Royden-Turner
Pelham Bell Pottinger
Charles Vivian: +44 20 7861 3126
James MacFarlane: +44 20 7861 3864
The Company is not offering any new Ordinary Shares in theCompany or other securities in connection with the proposed listing. This documentdoes not constitute an offer, the solicitation of an offer, or an invitation to anyperson to subscribe for or purchase any Ordinary Shares in the Company. This announcementhas been issued by, and is the sole responsibility of, the Company.
No person has been authorised to give any information or makeany representation other than those contained in the Prospectus and, if given ormade, such information or representation must not be relied upon as having been soauthorised by the Company. In particular, the content of the Company's website doesnot form part of this document and you should not rely on it.
The release, publication or distribution of this announcementin certain jurisdictions other than Finland and the United Kingdom may be restrictedby law and therefore persons into whose possession this announcement may come shouldinform themselves about and observe any such restrictions. Any failure to complywith these restrictions may constitute a violation of the securities laws of anysuch jurisdiction. No action has been or will be taken by the Company or its advisersthat would permit possession or distribution of this announcement or any materialrelating to the Ordinary Shares in any country or jurisdiction where action for thatpurpose is required, other than in Finland or in the United Kingdom. In particular,this announcement and any such other document is not for distribution in the UnitedStates, Australia, Canada, South Africa or Japan.
The Ordinary Shares have not been and will not be registeredunder the US Securities Act of 1933 (as amended) (the "Securities Act") and maynot be offered or sold in the United States of America (the "United States") unlessregistered under the Securities Act or an exemption thereunder is available.
Ernst & Young LLP, which is authorised and regulated in theUnited Kingdom by the Financial Services Authority is acting exclusively for theCompany as its sponsor and no-one else in connection with Admission and will notregard any other person as its client or be responsible to any person other thanthe Company for providing the protections afforded to its clients or for advisingany other person on the contents of this document.
The contents of this document should not be construed as legal,business or tax advice. You should consult your own legal adviser, independent financialadviser or tax adviser for legal, financial or tax advice.
This announcement contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use offorward-looking terminology, including the terms "believes", "expects", "intends","may", "will" or "should" or, in each case, their negative or other variationsor comparable terminology. By their nature, forward-looking statements involve uncertaintybecause they depend on future circumstances, and relate to events, not all of whichare within the Company's control or can be predicted by the Company. Although theCompany believes that the expectations reflected in such forward-looking statementsare reasonable, no assurance can be given that such expectations will prove to havebeen correct. Actual results could differ materially from those set out in the forward-lookingstatements. Save as required by law (including the Finnish Securities Markets Acts(495/1989), as amended, or by the Listing Rules of the UK Listing Authority or theDisclosure and Transparency Rules of the UK Financial Services Authority), the Companyundertakes no obligation to update any forward-looking statements in this announcementthat may occur due to any changes in the Directors' expectations or to reflect eventsor circumstances after the date of this announcement.