Amer Sports' Rights Offering oversubscribed
(Thomson Reuters ONE) - STOCK EXCHANGE RELEASEOctober 20, 2009 at 9:30 amNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN,SOUTH AFRICA OR THE UNITED STATES.According to preliminary calculations, a total of approximately 72.1million shares were applied to be subscribed for in Amer SportsCorporation's ("Amer Sports") rights offering. Compared to a total ofapproximately 48.5 million shares offered, this represents a totalsubscription level of 148.8%. Due to the oversubscription, theunderwriting commitments by J.P. Morgan and Pohjola will not beutilized.Of the total shares offered, approximately 98.9% were subscribed forwith subscription rights and the remainder without subscriptionrights. New shares subscribed for without subscription rights will beallocated first to investors who subscribed for new shares byexercise of subscription rights and then to investors who subscribedfor new shares without subscription rights, according to allocationprinciples described in the prospectus published on September 28,2009.Approximately 9,900 investors participated in the rights offering.The final outcome of the rights offering is expected to be announcedon or about October 23, 2009.Roger Talermo, President and CEO"The rights offering strengthens Amer Sports' balance sheet andprovides the company with financial, operational and strategicflexibility, enabling Amer Sports to execute on its strategy."Trading in interim shares representing the new shares will commenceon the NASDAQ OMX Helsinki today, October 20, 2009. All sharessubscribed for in the rights offering are expected to be registeredwith the Finnish Trade register on or about October 26, 2009, afterwhich the interim shares will be combined with Amer Sports' existingshares. Trading in the new shares alongside the existing shares isexpected to commence on or about October 27, 2009.J.P. Morgan and Pohjola Corporate Finance acted as Joint GlobalCoordinators, Joint Lead Managers and Joint Bookrunners for therights offering.Helsinki, October 20, 2009AMER SPORTS CORPORATIONBoard of DirectorsFor more information, please contact:Tommy Ilmoni, Vice President, IR and Corporate Communications,tel. +358 9 7257 8233, tommy.ilmoni(at)amersports.comDISTRIBUTION:NASDAQ OMX HelsinkiMajor mediawww.amersports.comAMER SPORTS CORPORATIONAmer Sports (www.amersports.com) is one of the world's leading sportsequipment company with internationally recognized brands, includingSalomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. AllAmer Sports companies develop and manufacture technically advancedproducts that improve the performance of active sports participants.The Group's business is balanced by its broad portfolio of sports andpresence in all major markets.DISCLAIMER:J.P. Morgan and Pohjola Corporate Finance are acting exclusively forAmer Sports and no one else in connection with the rights offering.They will not regard any other person (whether or not a recipient ofthis release) as their respective clients in relation to the rightsoffering and will not be responsible to anyone other than Amer Sportsfor providing the protections afforded to their respective clients,nor for giving advice in relation to the rights offering or anytransaction or arrangement referred to herein. No representation orwarranty, express or implied, is made by J.P. Morgan or PohjolaCorporate Finance as to the accuracy, completeness or verification ofthe information set forth in this release, and nothing contained inthis release is, or shall be relied upon as, a promise orrepresentation in this respect, whether as to the past or the future.J.P. Morgan and Pohjola Corporate Finance assume no responsibilityfor its accuracy, completeness or verification and, accordingly,disclaim, to the fullest extent permitted by applicable law, any andall liability which they may otherwise be found to have in respect ofthis release. This document is an advertisement for the purposes ofapplicable measures implementing Directive 2003/71/EC (suchDirective, together with any applicable implementing measures in therelevant home Member State under such Directive, the "ProspectusDirective"). A prospectus prepared pursuant to the ProspectusDirective will be published in connection with any offering ofsecurities, and will be available at subscription locations inFinland.The information contained herein is not for release, publication ordistribution, directly or indirectly, in whole or in part, in or intoAustralia, Canada, Hong Kong, Japan, South Africa or the UnitedStates. The information contained herein does not constitute an offerof securities for sale in the United States, nor may the securitiesbe offered or sold in the United States absent registration or anexemption from registration as provided in the United StatesSecurities Act of 1933, as amended, and the rules and regulationsthereunder. There is no intention to register any portion of theoffering in the United States or to conduct a public offering of anysecurities in the United States.The information contained herein shall not constitute an offer tosell or the solicitation of an offer to buy, nor shall there be anysale of the securities referred to herein in any jurisdiction inwhich such offer, solicitation or sale would be unlawful prior toregistration, exemption from registration or qualification under thesecurities laws of any such jurisdiction.This communication does not constitute an offer of securities to thepublic in the United Kingdom. No prospectus has been or will beapproved in the United Kingdom in respect of the securities.Consequently, this communication is directed only at (i) persons whoare outside the United Kingdom, (ii) persons who have professionalexperience in matters relating to investments falling within Article19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (the "FP Order") and (iii) high net worthentities falling within Article 49(2) of the FP Order, and otherpersons to whom it may lawfully be communicated, (all such personstogether being referred to as "relevant persons"). Any investmentactivity to which this communication relates will only be availableto, and will only be engaged with, relevant persons. Any person whois not a relevant person should not act or rely on this document orany of its contents.Any offer of securities to the public that may be deemed to be madepursuant to this communication in any EEA Member State that hasimplemented the Prospectus Directive is only addressed to qualifiedinvestors in that Member State within the meaning of the ProspectusDirective.Copies of this announcement are not being made and may not bedistributed or sent into Australia, Canada, Hong Kong, Japan, SouthAfrica or the United States.http://hugin.info/3020/R/1348528/324590.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 20.10.2009 - 08:31 Uhr
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