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Final result of SSAB’s share exchange offer to Rautaruukki’s shareholders

July 28, 2014



This stock exchange release may not be published or distributed, in whole or in part, directly or indirectly, in the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other country where such publication or distribution would violate applicable laws or rules or would require additional documents to be completed or registered or require any measure to be undertaken, in addition to the requirements under Finnish and Swedish law. For further information, please see “Important notice” in this stock exchange release. According to the final result of the share exchange offer by SSAB AB (publ) (“SSAB”) to the shareholders of Rautaruukki Corporation (“Rautaruukki”), the shares tendered in the share exchange offer represent approximately 95.1 percent of all the shares and votes in Rautaruukki.

The offer period in the share exchange offer expired on July 22, 2014. On July 23, 2014, SSAB announced that it will complete the share exchange offer, subject to the conditions to the completion of the share exchange offer remaining fulfilled at the time of completion. As all the conditions to the completion of the share exchange offer have been, and remain, fulfilled, SSAB will complete the share exchange offer in accordance with its terms and conditions preliminarily today, July 29, 2014. Based on the final results, the share issue of SSAB comprises 63,417,438 shares of class A and 161,893,297 of class B shares, issued as consideration in the share exchange offer to the shareholders in Rautaruukki. Through the share issue, the number of class A shares increases to 304,183,270 and the number of class B shares increases to 245,062,240. The share capital increases to SEK 4,833,360,488 through the share issuance.

The new shares in SSAB to be issued pursuant to the share exchange offer will be delivered to the book-entry accounts of the shareholders of Rautaruukki who have validly accepted the share exchange offer and who have not withdrawn their acceptance on or about July 31, 2014. NASDAQ OMX Helsinki has on 28 July, 2014 approved SSAB’s application regarding secondary listing of SSAB’s shares on the official list of NASDAQ OMX Helsinki. Trading in the new shares in SSAB is expected to commence on the official list of NASDAQ OMX Helsinki preliminarily on August 1, 2014.

SSAB’s intention is to acquire all of the shares in Rautaruukki. Immediately after SSAB acquires more than nine-tenths (9/10) of all of the shares in Rautaruukki and votes conferred by the shares, SSAB will present to Rautaruukki shareholders a redemption demand in accordance with the Finnish Companies Act. Accordingly, those shares that have not been tendered in the share exchange offer will be redeemed in the manner prescribed in the Finnish Companies Act.

This information is published by SSAB pursuant to the requirements of the Finnish Securities Market Act and the Swedish Securities Market Act. Submitted for publication at 8.00 am CET, July 29, 2014.

For further information, please contact:

Andreas Koch, Head of Investor Relations, andreas.koch@ssab.com, +46 8 45 45 729

Important notice

This release may not be released or otherwise distributed, in whole or in part, in or into the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other jurisdiction where prohibited by applicable laws or rules. This release is not a share exchange offer document or a prospectus and as such does not constitute an offer or invitation to make a sales offer. Investors shall accept the share exchange offer for the shares only on the basis of the information provided in the share exchange offer document and prospectus in respect of the share exchange offer. Offers will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any exchange offer document or registration or other requirements would apply in addition to those undertaken in Finland and Sweden.

The share exchange offer document and prospectus in respect of the share exchange offer as well as related acceptance forms will not and may not be distributed, forwarded or transmitted into, in or from any jurisdiction where prohibited by applicable law. In particular, the share exchange offer is not being made, directly or indirectly, in or into, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or, subject to certain exceptions, the United States of America. The share exchange offer cannot be accepted from within Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or, subject to certain exceptions, the United States of America.

The SSAB shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or under any of the relevant securities laws of any state or other jurisdiction of the United States of America. The SSAB shares may not be offered or sold in the United States of America, except pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

It should be noted that certain statements herein which are not historical facts, and statements preceded by “expects” or similar expressions, may be forward-looking statements. These statements are based on current decisions and plans and currently known factors. They involve risks and uncertainties which may cause the actual results to materially differ from the results currently expected.



This information was brought to you by Cision http://news.cision.com

The following files are available for download:

http://mb.cision.com/Main/980/9621325/270180.pdf Press release (PDF)


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