Final results of the directed share issue of Talvivaara Mining Company Plc
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
3 January 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Final results of the directed share issue of Talvivaara Mining Company Plc
The Board of Directors of Talvivaara Mining Company Plc ("Talvivaara" or the
"Company") has today approved all subscriptions made by the creditors of the
Company in the directed share issue (the "Share Issue").
The subscription period of the Share Issue expired on 28 December 2016 at 4:00
p.m. (Finnish time). The creditors of the Company subscribed for 2,069,228,917
new shares in the Company in the Share Issue. The subscription price per new
share is EUR 0.1144, which was paid in its entirety by setting off the
restructuring debt receivable of the creditor from the Company against the
subscription price of the new shares. The subscription price will be recorded in
its entirety in the invested unrestricted equity fund of the Company. As a
result of the Share Issue, the Company's debt is reduced by a total of
EUR 236,719,820.28. As a result of the Share Issue, the total number of shares
in the Company will increase to 4,177,383,069 shares.
The new shares issued in the Share Issue are expected to be (i) registered in
the trade register maintained by the Finnish Patent and Registration Office on
or about 4 January 2017; (ii) issued as book-entry securities in the book-entry
system maintained by Euroclear Finland on or about 4 January 2017; and (iii)
listed on the official list of the Helsinki Stock Exchange on or about
5 January 2017. The new shares carry the shareholders' rights after the
registration in the trade register and the subscriber's book-entry account.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, Chief Executive Officer
Pekka Erkinheimo, Deputy CEO
Castrén & Snellman Attorneys Ltd Tel +358 20 7765 765
Pekka Jaatinen, Attorney-at-Law
DISCLAIMER
This announcement is an advertisement and not a prospectus and creditors should
not subscribe for any shares referred to in this announcement except on the
basis of information in the applicable prospectus published by Talvivaara in
connection with the Share Issue.
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia, Hong
Kong, South Africa or Japan. These written materials do not constitute an offer
of securities for sale in the United States, nor may the securities be offered
or sold in the United States absent registration or an exemption from
registration as provided in the U.S. Securities Act of 1933, as amended, and the
rules and regulations thereunder. There is no intention to register any portion
of the offering in the United States or to conduct a public offering of
securities in the United States.
The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. Investors must
neither accept any offer for, nor acquire, any securities to which this
announcement refers, unless they do so on the basis of the information contained
in the applicable prospectus published or distributed by Talvivaara.
Talvivaara has not authorised any offer to the public of securities in any
Member State of the European Economic Area other than Finland. With respect to
each Member State of the European Economic Area other than Finland and which has
implemented the Prospectus Directive (each, a "Relevant Member State"), no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member States
(a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive; or (b) in any other circumstances falling within Article
3(2) of the Prospectus Directive. For the purposes of this paragraph, the
expression an "offer of securities to the public" means the communication in any
form and by any means of sufficient information on the terms of the offer and
the securities to be offered so as to enable an investor to decide to exercise,
purchase or subscribe the securities, as the same may be varied in that Member
State by any measure implementing the Prospectus Directive in that Member State
and the expression "Prospectus Directive" means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent
implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU.
This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth
entities, and other persons to whom it may lawfully be communicated, falling
within Article 49(2) of the Order (all such persons together being referred to
as "relevant persons"). Any investment activity to which this communication
relates will only be available to and will only be engaged with, relevant
persons. Any person who is not a relevant person should not act or rely on this
announcement or any of its contents.
Final results of the directed share issue of Talvivaara 2017:
http://hugin.info/136227/R/2068539/776811.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.01.2017 - 13:07 Uhr
Sprache: Deutsch
News-ID 515537
Anzahl Zeichen: 7340
contact information:
Town:
Espoo
Kategorie:
Business News
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"Final results of the directed share issue of Talvivaara Mining Company Plc"
steht unter der journalistisch-redaktionellen Verantwortung von
Talvivaaran Kaivososakeyhtiö Oyj (Nachricht senden)
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