Talvivaara Share Subscriptions Based on Stock Options 2007A and 2007B
July 22 2011 - 2:00AM
UK Regulatory
TIDMTALV
Stock Exchange Release
Talvivaara Mining Company Plc
22.7.2011
Talvivaara Share Subscriptions Based on Stock Options 2007A and 2007B
A total of 1,500 Talvivaara Mining Company Plc's new shares were subscribed for
during the period between 30 April 2011 and 30 June 2011 under the company's
stock option rights 2007A and a total of 4,700 company's new shares were
subscribed for during the period between 30 April 2011 and 30 June 2011 under
the company's stock option rights 2007B. The entire subscription price of EUR
17,526.80 will be entered in the invested unrestricted equity reserve. As a
result of the share subscriptions, the number of Talvivaara Mining Company Plc
shares will increase to 245,727,803.
The shares subscribed for under the stock options were registered in the Trade
Register on 22 July 2011, as of which date the new shares will establish
shareholder rights.
Trading in the new shares will begin on NASDAQ OMX Helsinki on 25 July 2011.
Talvivaara will also apply for admission of the shares to listing on the
official list of the United Kingdom's Financial Services Authority and to
trading on the main market of the London Stock Exchange and it is expected that
the admission will take place and that trading will commence on or about 26 July
2011.
The share subscription period for stock options 2007A is between 1 April 2010
and 31 March 2012 and for stock options 2007B between 1 April 2011 and 31 March
2013. By 29 April 2011 a total of 292,586 Talvivaara Mining Company Plc's new
shares were subscribed for under the stock option rights 2007A and a total of
2,040,514 stock option rights 2007A remain unexercised and a total of 42,763
company's new shares were subscribed for under the stock option rights 2007B and
a total of 2,290,337 stock option rights 2007B remain unexercised.
The terms and conditions of Talvivaara Stock Options 2007 with additional
information are available on
http://www.talvivaara.com/investors/financial_Information/share-options-plan
or
https://www.evli.com/web/FI/en/private-clients-and-companies/other-
services/incentive-programs/Talvivaara
ENQUIRIES
Talvivaara Mining Company Plc. Tel: +358 20 7129 800
Pekka Erkinheimo, Chief Commercial Officer
Saila Miettinen-Lähde, Chief Financial Officer
Talvivaara Mining Company Plc.
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250
Index. Further information can be found at www.talvivaara.com.
Talvivaara Share Subscriptions Based on Stock Options 2007A and 2007B:
http://hugin.info/136227/R/1531978/466403.pdf
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: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1531978]
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