Talvivaara: Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act
14.02.2013 | Globenewswire Europe
![Talvivaara: Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act](https://www.goldseiten.de/media/goldseiten-news.jpg)
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:
1. Name of the target company
Talvivaara Mining Company Plc
2. Basis for the flagging obligation
An arrangement which may result in the acquisition or disposal of shares or
voting rights
3. Date transaction
14 February 2013
4. 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 %
5. 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:
http://hugin.info/136227/R/1678365/547762.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#1678365]
Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716