Share Issue/Capital Change • Dec 14, 2009
Share Issue/Capital Change
Open in ViewerOpens in native device viewer
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR THE UNITED STATES.
Kemira Oyj announced on November 23, 2009 that its Board of Directors had decided to carry out a rights offering in which a maximum of 30,297,557 new shares of Kemira will be issued. The subscription price in the rights offering is EUR 6.60 per share. The subscription period commenced on December 1, 2009 and will expire at 8:00 p.m. Finnish time on December 18, 2009. Trading in the subscription rights on NASDAQ OMX Helsinki Ltd. took place between December 1, 2009 and December 11, 2009.
The three-day Finnish bank strike, which ends on December 16, 2009, may affect Kemira's rights offering, in particular, the settlement of trades in the subscription rights executed on the last days of trading in the subscription rights on NASDAQ OMX Helsinki. As a result, it is possible that subscription rights will not be recorded in the purchaser's book-entry account by the expiration of the subscription period of the rights offering on December 18, 2009.
In order to subscribe for new shares of Kemira in the rights offering, all investors are required to give their subscription assignments and pay the subscription price for such shares during the subscription period set out in the terms and conditions of the rights offering, that is, no later than on December 18, 2009. Any subscription assignment must be given, and the related payment of the subscription price must be made, during the subscription period, even if the subscription rights are not recorded in the investor's book-entry account by the end of the subscription period. In such case, the technical completion of the subscription assignment will be made by the account operators after the trade in the subscription rights has been settled.
The interim shares representing the new shares subscribed for pursuant to the subscription rights will be recorded in each subscriber's book-entry account after the technical completion of the subscription. Investors who have purchased subscription rights on NASDAQ OMX Helsinki are requested to contact their own account operator or custodian for further information regarding the making of a subscription assignment.
As set out in the terms and conditions of the rights offering, Kemira expects that the final results of the rights offering will be published in a stock exchange release on or about December 29, 2009; the new shares subscribed for pursuant to the subscription rights and without subscription rights will be registered with the Finnish Trade Register; the interim shares representing the new shares subscribed for pursuant to the subscription rights will be combined with Kemira's existing shares, on or about December 30, 2009; and trading in the new shares commences on NASDAQ OMX Helsinki on or about December 30, 2009.
Stock Exchange Release December 14, 2009 at 16.45 pm (CET+1) 2/2
If the Finnish bank strike will further affect the rights offering, Kemira will inform its shareholders and investors thereof with a separate stock exchange release after such other effects are confirmed.
Helsinki, December 14, 2009
Kemira Oyj Päivi Antola Senior Manager, IR and Financial Communications
Jyrki Mäki-Kala, CFO Tel. +358 10 86 21589
Päivi Antola, Senior Manager, IR and Financial Communications Tel. +358 10 862 1140
KEMIRA
Kemira is a global 2.8 billion euro chemicals company that is focused on serving customers in waterintensive industries. The company offers water quality and quantity management that improves customers' energy, water, and raw material efficiency. Kemira's vision is to be a leading water chemistry company. Its paints and coatings business, Tikkurila, aims to be the market leader in decorative paints and selected wood and metal coatings in chosen markets.
The information contained herein is not for publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, South Africa or the United States. These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities to the public in the United Kingdom. No prospectus has been or will be approved for publication in the United Kingdom in respect of the securities. Consequently the securities must not be sold or offered for sale in the United Kingdom, except to persons who fall within the exemptions set out in the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.