Talvivaara Mining Company Plc: Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act
12.04.2013 | Globenewswire Europe
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Talvivaara Mining Company Plc
12 April 2013
Flagging notification in accordance with Chapter 9 Section 5 of the Finnish
Securities Market Act
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") has on 11 April
2013 received the attached flagging notification in accordance with Chapter 9
Section 5 of the Finnish Securities Market Act regarding the shares of
Talvivaara. According to the notification, Ilmarinen Mutual Pension Insurance
Company ("Ilmarinen") has on 11 April 2013 sold its entire shareholding in
Talvivaara. In addition, Ilmarinen does not hold Talvivaara's convertible bonds.
Additionally, Ilmarinen has on 11 April 2013 cancelled its rights issue share
subscriptions in the Company. According to the notification, Ilmarinen's
ownership has declined to below one twentieth (below 5%).
Attachment:
1. Name of target company
Talvivaara Mining Company Plc
2. Basis for the flagging obligation
Share transactions and cancellation of rights issue subscription
a. Date of transaction
11 April 2013
a. Number of shares and voting rights preceding the triggering transaction
According to the notification, before the share transactions and subscription
cancellation Ilmarinen owned Talvivaara's shares and voting rights as follows:
- Shares (ISIN code FI0009014716) 1 824 631
- Interim shares (ISIN code FI4000060967) 100 942 122
5. Name of shareholder and business identification code
Ilmarinen Mutual Pension Insurance Company, business ID 0107638-1
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO
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 12.4.2013:
http://hugin.info/136227/R/1692582/556095.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1692582]
Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716