MAJOR SHAREHOLDERS ANNOUNCEMENTS
1 February 2012 at 00.35 am EET
Outokumpu Oyj (business identity code: 0215254-2, "Outokumpu") has today received a notification based on Chapter 2, Section 9 of the Finnish Securities Market Act from ThyssenKrupp AG ("ThyssenKrupp").
This notification by ThyssenKrupp contains the following information:
Outokumpu and ThyssenKrupp have on 31 January 2012 announced the combination of Outokumpu with Inoxum, the stainless steel unit of ThyssenKrupp. The consideration for Inoxum to be paid to ThyssenKrupp will comprise of a cash payment, a loan note, the assumption by Outokumpu of certain liabilities in Inoxum and new shares in Outokumpu to be issued to ThyssenKrupp at the closing of the transaction. The closing of the transaction is subject to certain closing conditions, including regulatory approvals, and is expected to take place by the end of 2012.
The cash payment in connection with the transaction will be funded through a rights issue of Outokumpu, which is expected to be completed during the first half of the year 2012. The directed share issue of Outokumpu to ThyssenKrupp has been agreed to take place as part of the consideration at closing of the transaction, which is expected to take place by the end of 2012. Following and subject to the completion of the rights issue, the directed share issue and the closing of the transaction, ThyssenKrupp will hold 29.9 per cent of the shares in Outokumpu (flagging threshold to be exceeded: 1/4). As of the date of ThyssenKrupp's notification, the exact number of shares in Outokumpu to be held by ThyssenKrupp post-closing of the transaction is not known.
The holding of shares and votes to be held by ThyssenKrupp as a result of the completion of the rights issue and the directed issue of Outokumpu have been calculated taking into account such new shares in accordance with Section 7.3.1 subsections (22) and (23) of Standard 5.2b of the Finnish Financial Supervisory Authority.
ThyssenKrupp is registered in the commercial register of the Local Court in Duisburg under HRB 9092 and in the commercial register of the Local Court of Essen under HRB 15364.
The total registered amount of shares in Outokumpu is 183 018 749. Each share carries one vote.
For more information, please contact:
Kari Tuutti, SVP - Communications and Investor relations
tel. +358 9 421 2432, kari.tuutti@outokumpu.com
OUTOKUMPU OYJ
Outokumpu is a global leader in stainless steel with the
vision to be the undisputed number one. Customers in a wide
range of industries use our stainless steel and services
worldwide. Being fully recyclable, maintenance-free, as well
as very strong and durable material, stainless steel is one
of the key building blocks for sustainable future. Outokumpu
employs some 8 000 people in more than 30 countries. The
Group's head office is located in Espoo, Finland.
Outokumpu is listed on the NASDAQ OMX Helsinki.
www.outokumpu.com
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