Kemira has agreed on selling its shares in Tikkurila (Announcement pursuant to Securities Market Act, Chapter 2, Section 10)
(Thomson Reuters ONE) -
Tikkurila Oyj
Stock Exchange Release
March 31, 2011 at 8.30 am (CET+1)
Tikkurila Oyj (business ID 0197067-4) has received a notification, based on the
Securities Markets Act, from Kemira Oyj (business ID 0109823-0) on March
30, 2011.
According to the notification, Kemira Oyj has on March 30, 2011 entered into a
Placing Agreement with Danske Bank A/S, Helsinki Branch, and Deutsche Bank AG,
London Branch, according to which Kemira Oyj can sell a maximum of 6,175,155
Tikkurila Oyj shares to the market via so-called accelerated book building, and
Danske Bank A/S, Helsinki Branch and Deutsche Bank AG, London Branch try to find
buyers for those shares. The sale of the shares to buyers found by Danske Bank
A/S, Helsinki Branch, and Deutsche Bank AG, London Branch is to be carried out
after the so-called accelerated book building phase by a separate Pricing
Agreement, which is expected to take place on March 31, 2011.
The shareholding of Kemira Oyj prior to the contemplated agreement leading to
changes in shareholding is 6,175,155 shares, which equals 14.0 percent of all
shares and their voting rights. If the share transactions will be realized based
on the agreement described above, the shareholding of Kemira Oyj in all shares
and votes in Tikkurila Oyj will fall below 1/10 (10%) threshold and 1/20 (5%)
threshold.
Information subject to notification:
% of total % of total
ISIN code Number of number of Number of number of
shares shares voting rights voting
rights
(A) Shares and
related voting FI4000008719 6,175,155 14.00 6,175,155 14.00
rights
(B) Agreement or
other FI4000008719 6,175,155 14.00 6,175,155 14.00
arrangement
(A) + (B) FI4000008719 0 0.00 0 0.00
According to Kemira Oyj's notification section (A) above states the number of
shares Kemira currently holds in Tikkurila Oyj. According to Kemira Oyj's
notification section (B) above states the maximum amount of shares that can be
sold by Kemira Oyj based on the Placing Agreement. Moreover, the total amount
(A) + (B) above equals the amount of shares held by Kemira Oyj after the
transactions assuming that all the shares stated in section (B) will be sold.
The percentages of shares and voting rights have been calculated in proportion
to the total number of shares registered with the Trade Register and the total
number of voting rights related to them. The share capital of Tikkurila Oyj is
EUR 35,000,000 and it is divided into 44,108,252 shares. The Company has one
series of shares. Each share entitles to one voting right. Hence, the total
number of voting rights is 44,108,252.
Tikkurila Oyj
Jukka Havia, CFO
For further information, please contact:
Tikkurila Oyj
Susanna Aaltonen, Group Vice President, Communications & IR
Mobile +358 40 593 4221,susanna.aaltonen(at)tikkurila.com
Tikkurila provides consumers, professionals and the industry with user-friendly
and environmentally sustainable solutions for protection and decoration.
Tikkurila is a strong regional player that aims to be the leading paint company
in the Nordic area and Eastern Europe including Russia. - Tikkurila inspires you
to color your life.
www.tikkurila.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tikkurila Oyj via Thomson Reuters ONE
[HUG#1501956]
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2011 - 07:31 Uhr
Sprache: Deutsch
News-ID 52986
Anzahl Zeichen: 4446
contact information:
Town:
Vantaa
Kategorie:
Business News
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"Kemira has agreed on selling its shares in Tikkurila (Announcement pursuant to Securities Market Act, Chapter 2, Section 10)"
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