RAUTARUUKKI CORPORATION Rautaruukki Corporation Stock exchange release 16 October 2014 at 10.20am EEST
Rautaruukki Corporation applies for termination of public trading in its shares
The Board of Directors of Rautaruukki has resolved to apply for the termination of trading in Rautaruukki's shares and for the delisting of the shares from the official list of NASDAQ OMX Helsinki Ltd (the "Helsinki Stock Exchange"). An application regarding the matter has been filed with the Listing Committee of the Helsinki Stock Exchange today. In the application, it is requested that public trading in Rautaruukki's shares is terminated and the shares are delisted from the official list of the Helsinki Stock Exchange as soon as possible after SSAB has gained title to all the shares in Rautaruukki.
SSAB AB (publ) ("SSAB") currently holds directly approximately 95.1 per cent of all the shares and votes in Rautaruukki Corporation ("Rautaruukki"). SSAB has initiated redemption proceedings in accordance with Chapter 18 of the Limited Liability Companies Act - Finland in order to acquire the remaining shares in Rautaruukki. Provided that the arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce on September 25, 2014 confirms that SSAB's redemption right is clear, SSAB is legally entitled to acquire title to the remaining shares in Rautaruukki by posting a security approved by the arbitral tribunal for the payment of the redemption price.
Rautaruukki Corporation
Taina Kyllönen
Head of Group Communications
For further information, please contact: Olli Huuskonen, SVP, General Counsel, tel. +358 20 5929 300
Rautaruukki is now part of SSAB (publ) ("SSAB"), a steel company with global reach which has its main production plants in Sweden, Finland and the United States. The company's steel business is structured around four divisions - SSAB Special Steels, SSAB Europe, SSAB Americas and the steel distribution partner Tibnor, and one division, Ruukki Construction, which focuses on the construction business. Rautaruukki's share is quoted on NASDAQ OMX Helsinki. SSAB's shares are quoted on NASDAQ OMX Nordic Stockholm and NASDAQ OMX Helsinki. www.ssab.com:
http://www.ssab.com/. www.ruukki.com:
http://www.ruukki.com/
DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com:
http://www.ruukki.com
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
