INCREASE IN THE AMOUNT OF SHARES AND SHARE CAPITAL OF STOCKMANN
STOCKMANN plc Changes in share capital and votes 28 September 2009 at 11.00
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES.
INCREASE IN THE AMOUNT OF SHARES AND SHARE CAPITAL OF STOCKMANN
The 1,611,977 new Series A shares and the 2,129,810 new Series B shares, i.e., a total of 3,741,787 new shares in Stockmann plc subscribed for in Stockmann plc's rights offering have been registered with the Trade Register today 28 September 2009. The new shares will carry shareholder rights as of the registration date.
The amount of shares in Stockmann plc will increase by a total of 3,741,787 shares, i.e., from 67,352,166 shares to 71,093,953 shares. Correspondingly, the share capital of the Company will increase from EUR 134,704,332 to EUR 142,187,906.
The shares now registered with the Trade Register will be subject to public trading on the Nasdaq OMX Helsinki Ltd together with the existing shares on or about 29 September 2009.
The gross proceeds raised by the Company in the rights offering ended on 18 September 2009 were approximately EUR 45 million.
For further enquiries, please contact:
Hannu Penttilä - Chief Executive Officer +358 9 121 5801 Pekka Vähähyyppä - Chief Financial Officer +358 9 121 3351
Hannu Penttilä CEO
DISTRIBUTION NASDAQ OMX Principal media
This announcement is an advertisement and not a prospectus for the purposes of applicable measures implementing Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive (the "Prospectus Directive"). A prospectus relating to the rights offering referred to in this announcement prepared pursuant to the Prospectus Directive will be published, which, when published, will be available at subscription locations in Finland.
The distribution of this announcement in certain jurisdictions may be restricted. This announcement does not constitute an offer of, or an invitation to purchase, any securities of Stockmann in any jurisdiction.
Copies of this announcement are not for distribution, directly or indirectly, in or into Australia, Canada, Switzerland, Japan, Hong Kong or the United States. This announcement does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States, nor may such securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Stockmann does not intend to register any portion of the offering in the United States or to conduct a public offering of any securities in the United States. Stockmann has not authorized any offer to the public of shares or subscription rights in any Member State of the EEA other than Finland and Sweden.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.
Stockmann has not authorized any offer to the public of shares or subscription rights in any Member State of the EEA other than Finland and Sweden. Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State (other than Finland and Sweden) that has implemented the Prospectus Directive is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive.
This announcement contains "forward-looking statements", which are statements related to future events. In this context, forward-looking statements often address Stockmann's expected future business and financial performance, and often contain words such as "expect, "anticipate, "intend, "plan," "believe", "seek, or "will". Forward-looking statements are based on current expectations and projections about future events. Actual results could differ materially from those discussed in, or implied by, these forward-looking statements. Stockmann does not undertake to update its forward-looking statements.
Nordea Bank Finland Plc and E. Öhman J:or Group Finland (Pankkiiriliike E. Öhman J:or Suomi Oy) are acting exclusively for Stockmann and no one else in connection with the rights offering and will not regard any other person (whether or not a recipient of this announcement) as their respective clients in relation to the rights offering and will not be responsible to anyone other than Stockmann for providing the protections afforded to their respective clients or for providing advice in relation to the rights offering or any matters referred to in this announcement.
Neither Nordea Bank Finland Plc nor E. Öhman J:or Group Finland (Pankkiiriliike E. Öhman J:or Suomi Oy)accepts any responsibility whatsoever for the contents of this announcement, and makes no representation or warranty, express or implied, for the contents of this release, including its accuracy, completeness or verification, or for any other statement made or purported to be made by it, or on its behalf, in connection with Stockmann or the ordinary shares or the rights offering, and nothing in this release is or shall be relied upon as, a promise or representation in this respect whether as to the past or future. Nordea Bank Finland Plc and E. Öhman J:or Group Finland (Pankkiiriliike E. Öhman J:or Suomi Oy) accordingly disclaim to the fullest extent permitted by applicable law any and all liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement or any such statement.