Talvivaara: Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act
February 14 2013 - 10:44AM
Stock Exchange
Release
Talvivaara Mining Company
Plc.
14 February 2013
Flagging
notification in accordance with Chapter 9 Section 5 of the Finnish
Securities Market Act
Talvivaara Mining Company Plc
("Talvivaara") has on 14 February 2013 received the attached
flagging notification in accordance with Chapter 9 Section 5 of the
Finnish Securities Market Act from Solidium Oy regarding the shares
of Talvivaara. Solidium Oy has in connection with the share issue
of Talvivaara announced on 14 February 2013 committed to subscribe
in full for new shares on the basis of the subscription rights
allocated to it. In addition, Solidium Oy has agreed to subscribe
for shares in the secondary subscription up to an aggregate
subscription price of EUR 30 million. Solidium Oy's maximum holding
following the share issue will be determined in accordance with the
terms of the rights issue. The maximum holding of the shares is
based on the estimates given by the underwriting banks.
If the above mentioned arrangements are completed,
the holdings of Solidium Oy will increase to a maximum of 18.1 % of
shares and voting rights (above 10 % & 15 %).
Attachment:
- Name of the target company
Talvivaara Mining Company Plc
- Basis for the flagging obligation
An arrangement which may result in the acquisition
or disposal of shares or voting rights
- Date transaction
14 February 2013
- Number of the shares and voting rights preceding
the triggering transaction
24,210,053 shares and voting rights
Amount of the shares and voting rightsthat may be
acquired if the arrangement is completed:
Maximum 18.1 %
- Name of shareholder and business identification
code
Solidium Oy, Business ID 2245475-9
Enquiries
Talvivaara Mining Company
Plc. Tel: +358 20 7129 800
Saila Miettinen-Lähde, Deputy CEO and Chief Financial
Officer
Pekka Erkinheimo, Chief Commercial 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. Further information can be found at
www.talvivaara.com.
Talvivaara - Holdings in Company
14.2.2013
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
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