First day of dealings

RNS Number : 8741P

Ruukki Group PLC

26 July 2010

 



Ruukki Group Plc

("Ruukki" or the "Company")

 First day of dealings

26 July 2010 - London and Helsinki: Ruukki Group Plc ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) is pleased to announce the admission of the Company's entire issued share capital to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities ("Admission").

Trading in the ordinary shares of the Company (the "Ordinary Shares") was effective as of 08.00 today under the stock code LSE: RKKI. 247,982,000 Ordinary Shares are on issue and were admitted to trading. No new shares in the Company have been issued in connection with Admission. The Ordinary Shares are also listed on the NASDAQ OMX Helsinki Oy stock exchange, and will continue to be listed on that exchange following Admission.

Ernst & Young LLP is acting as the Company's sponsor in connection with Admission.

Copies of the Prospectus prepared by the Company, and approved by the Finnish Financial Supervisory Authority (together with the Finnish language version of the summary set out in the Prospectus), are available free of charge from the Company's offices at Keilasatama 5,02150 Espoo, Finland during normal business hours and on the Company's website: www.ruukkigroup.fi. The Prospectus is also available for inspection at the UK Listing Authority's Document Viewing Facility situated at: Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS.

As securities issued by non-UK companies cannot be held or transferred in the CREST system, the Company has arranged for Capita IRG Trustees Limited to issue depositary interests in respect of the underlying Ordinary Shares ("Depositary Interests") to allow trading and settlement in respect of the underlying Ordinary Shares in CREST. References to the Ordinary Shares shall be deemed to include, where the context permits, reference to the Depositary Interests.

Alwyn Smit, Ruukki CEO, commented:

 "We are extremely pleased to have achieved a listing on the main market of the London Stock Exchange. We believe this listing will enhance the Company's profile and will provide an opportunity for Ruukki to widen its shareholder base through increased access to international institutional investors. This is a major step forward in terms of delivering growth to our shareholders".

For additional information please contact:

Ruukki Group Plc

Alwyn Smit (CEO):                           [phone]

Ernst & Young LLP   - Sponsor     [phone]

Tim Medak

Graham Swindells

Joanne Royden-Turner

Pelham Bell Pottinger

Charles Vivian:                                 [phone]

James MacFarlane:                         [phone]

The Company is not offering any new Ordinary Shares in the Company or other securities in connection with the proposed listing. This document does not constitute an offer, the solicitation of an offer, or an invitation to any person to subscribe for or purchase any Ordinary Shares in the Company. This announcement has been issued by, and is the sole responsibility of, the Company.

No person has been authorised to give any information or make any representation other than those contained in the Prospectus and, if given or made, such information or representation must not be relied upon as having been so authorised by the Company. In particular, the content of the Company's website does not form part of this document and you should not rely on it.              

The release, publication or distribution of this announcement in certain jurisdictions other than Finland and the United Kingdom may be restricted by law and therefore persons into whose possession this announcement may come should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No action has been or will be taken by the Company or its advisers that would permit possession or distribution of this announcement or any material relating to the Ordinary Shares in any country or jurisdiction where action for that purpose is required, other than in Finland or in the United Kingdom. In particular, this announcement and any such other document is not for distribution in the United States, Australia, Canada, South Africa or Japan.   

The Ordinary Shares have not been and will not be registered under the US Securities Act of 1933 (as amended) (the "Securities Act") and may not be offered or sold in the United States of America (the "United States") unless registered under the Securities Act or an exemption thereunder is available.   

Ernst & Young LLP, which is authorised and regulated in the United Kingdom by the Financial Services Authority is acting exclusively for the Company as its sponsor and no-one else in connection with Admission and will not regard any other person as its client or be responsible to any person other than the Company for providing the protections afforded to its clients or for advising any other person on the contents of this document.

The contents of this document should not be construed as legal, business or tax advice. You should consult your own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice.

This announcement contains forward-looking statements.  Often, but not always, forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. By their nature, forward-looking statements involve uncertainty because they depend on future circumstances, and relate to events, not all of which are within the Company's control or can be predicted by the Company. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct.  Actual results could differ materially from those set out in the forward-looking statements. Save as required by law (including the Finnish Securities Markets Acts (495/1989), as amended, or by the Listing Rules of the UK Listing Authority or the Disclosure and Transparency Rules of the UK Financial Services Authority), the Company undertakes no obligation to update any forward-looking statements in this announcement that may occur due to any changes in the Directors' expectations or to reflect events or circumstances after the date of this announcement.

 

END

 

 

MSCZMGZNVFZGGZM