Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address

Talvivaara Mining Co (TALV)

  Print      Mail a friend

Thursday 07 May, 2009

Talvivaara Mining Co

Secondary Listing on NASDAQ O

RNS Number : 8237R
Talvivaara Mining Company PLC
07 May 2009

Stock exchange release, 7 May 2009


The Board of Directors of Talvivaara Mining Company Plc ("Talvivaara") has today decided to apply for the secondary listing of Talvivaara's shares on NASDAQ OMX Helsinki Ltd (the "Helsinki Stock Exchange"). The listing application has been submitted to the Helsinki Stock Exchange earlier today. The secondary listing on the Helsinki Stock Exchange is expected to commence on 11 May 2009. Talvivaara's shares have been listed on the main market of the London Stock Exchange since 1 June 2007.

Chief Executive Officer Pekka Perä: "The listing of our shares in London has served us very well, and we remain committed to the world's most important market for mining and metal shares. However, it has often proved difficult for Finnish retail investors to buy our shares in London. I believe that we are an interesting investment for many Finnsbeing both a Finnish company and one of the fastest growing industrial companies in our country.

As a result of our Helsinki listing, investing in our shares will become much easier for Finnish retail investors. At the same time, investing in our shares will be simpler for funds that invest in the Euro area and the Nordic countries. Nearly all employees of Talvivaara own shares or stock options in the company, and the management of our employees' holdings will also become significantly easier through a stock exchange operating in Finland."

Talvivaara has prepared a summary in connection with its application to have Talvivaara's shares admitted to public trading on the Helsinki Stock Exchange. The summary is available at Talvivaara's website at

Talvivaara intends to comply with the Finnish Securities Market Association's Finnish Corporate Governance Code 2008 from the date of listing of Talvivaara's shares on the Helsinki Stock Exchange. Talvivaara will continue to comply with the UK Combined Code on Corporate Governance to the extent appropriate taking into account the size and the development stage of the Talvivaara Group.

As a Finnish company listed on the London Stock Exchange, Talvivaara is subject to both the Finnish Securities Market Act's regulations on regular and ongoing disclosure obligations and the Listing Rules and the Disclosure and Transparence Rules of the UK Financial Services Authority. As a result of the listing of Talvivaara's shares on the Helsinki Stock Exchange, Talvivaara will also be subject to the rules of the Helsinki Stock Exchange.

Talvivaara is currently subject to the Finnish Securities Market Act's provisions on public tender offers relating to, among others, the ownership levels that trigger a mandatory tender offer obligation and certain other matters. Following the listing of Talvivaara's shares on the Helsinki Stock Exchange, Talvivaara will become subject to the Finnish Securities Market Act's regulations on public tender offers in their entirety. Following the listing of Talvivaara's shares on the Helsinki Stock Exchange, The City Code on Takeovers and Mergers will no longer apply to Talvivaara. However, Talvivaara does not expect this to result in any material changes in the position of Talvivaara's shareholders in a takeover situation. A brief summary of the Finnish takeover rules is set out below. 

The Directive 2004/25/EC of the European Parliament and of the Council on takeover bids (the Takeover Directive) was implemented in Finland on July 1, 2006. Pursuant to the Finnish Securities Markets Act, a shareholder whose holding in a listed company increases above three-tenths or above one-half of the total voting rights attached to the shares of the company, calculated in accordance with the Securities Markets Act, after the commencement of a public quotation of such shares, must make a mandatory tender offer to purchase the remaining shares and other securities entitling its holder to shares of such company for fair market value. If the securities that caused the above-mentioned limits to be reached have been purchased by a voluntary tender offer, which has been made for all shares and other securities of the target company entitling its holder to shares of such company, the obligation to make a mandatory tender offer will not be triggered. If the target company has one shareholder whose holding of the voting rights attached to the shares exceeds an above-mentioned limit, the other shareholder will not be obliged to make a tender offer until its holding exceeds the holding of this former shareholder. If a shareholder exceeds the above-mentioned limit solely due to acts by the company or another shareholder, the shareholder exceeding such limit will not be obliged to make a mandatory tender offer before purchasing or subscribing more shares in the target company or otherwise increasing its holding of voting rights attached to the shares in the target company. 

The Finnish Securities Market Act contains provisions for determining the fair market price to be paid in connection with a mandatory tender offer. Generally, the fair market price to be offered by a bidder should correspond to the highest price paid by the bidder for the securities subject to the mandatory tender offer during a period of six months preceding the triggering of the obligation to make the mandatory tender offer. In the event a bidder has not purchased any such securities during the six-month period, the starting point for determining the fair market price shall be the volume-weighted average price paid for the securities in public trading during a period of three months preceding the triggering of an obligation to make the mandatory tender offer. If a bidder purchases securities of the target company at a higher price than the offer price offered in its tender offer during a period of nine months from the expiry of the tender offer period, it must pay the balance of any such higher price and the offer price to the persons who tendered their securities in the tender offer. 


Talvivaara Mining Company Plc    Tel: +358 20 7129 800

Pekka Perä

Saila Miettinen-Lähde

Merlin                                              Tel. +44 207 653 6620

David Simonson

Tom Randell

Anca Spiridon

Cocomms                                      Tel. +358 9 6689 6925

Anna-Mari Tiilikainen                  

About Talvivaara Mining Company Plc.

Talvivaara is a Finnish mining company operating a large open pit nickel mine in Sotkamo, Finland. Talvivaara aims to become 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 sufficient to support anticipated production for over 60 years. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel. Talvivaara is listed on the London Stock Exchange Main Market and is included in the FTSE 250 Index. Further information can be found at 

This information is provided by RNS
The company news service from the London Stock Exchange