Preliminary result of Outotec's mandatory public tender offer for Larox shares
OUTOTEC OYJ STOCK EXCHANGE RELEASE, JANUARY 25, 2010 AT 3.15 PM
Preliminary result of Outotec's mandatory public tender offer for Larox shares
The offer period under the mandatory public tender offer by Outotec Oyj ("Outotec") for all the series A and B shares issued by Larox Corporation ("Larox"), which are not in the ownership of Outotec or which Larox does not own, as well as for the unused subscription rights relating to the 1994 bonus issue by Larox (the "Subscription Rights")(the "Tender Offer") expired on January 22, 2010.
According to the preliminary result of the Tender Offer, the shares tendered in the Tender Offer, together with the Larox shares already owned by Outotec, represent approximately 98.4% of all the Larox shares and approximately 99.7% of all the votes attached to the Larox shares. All the remaining Larox series A shares have been tendered in the Tender Offer. According to the preliminary result of the Tender Offer, 28 Subscription Rights, which entitle to subscribe for a total of 30 Larox shares, have been tendered in the Tender Offer.
Outotec's intention is to ac quire all the Larox shares. Outotec may thus purchase Larox series B shares also in public trading on NASDAQ OMX Helsinki or otherwise at a price not exceeding the offer price for the shares, which is EUR 9.56 in cash (or alternatively 0.40 Outotec shares) for each Larox series B share. Outotec may also purchase Subscription Rights at a price which does not exceed the Subscription Right offer price, which is EUR 11.47 in cash for each Subscription Right.
The final result of the Tender Offer will be confirmed and announced on or about January 27, 2010.
Outotec Oyj
Board of Directors
For further information, please contact:
OUTOTEC OYJ
Pertti Korhonen, CEO, tel. +358 20 529 211
Vesa-Pekka Takala, CFO, tel. +358 20 529 211, +358 40 570 0074
Rita Uotila, VP - Investor Relations, tel. +358 20 529 2003, +358 400 954 141
Eila Paatela, VP - Corporate Communications, tel. +358 20 529 2004, +358 400 817 198
e-mails: firstname.lastname@outotec.com
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