TULIKIVI CORPORATION STOCK EXCHANGE RELEASE October 2013, 4.10 p.m.
Flagging announcement 9 October 2013
On 9 October 2013, Tulikivi Corporation received a flagging announcement pursuant to Chapter 9, section 5 of the Securities Markets Act from LocalTapiola Mutual Pension Insurance Company concerning the share issue announced by Tulikivi Corporation on 8 October 2013.
Mutual Insurance Company Pension Fennia and LocalTapiola Mutual Pension Insurance Company will merge to form a new pension company on 1 January 2014. The new pension company’s name will be Elo Mutual Pension Insurance Company. The general meetings of the companies approved the merger on 19 June 2013, and the Financial Supervisory Authority gave its approval for the merger on 27 June 2013.
The completion of the merger will mean a change in shareholding, whereby the new Elo Mutual Pension Insurance Company’s holding of Tulikivi Corporation’s shares, including the effect of the share issue being undertaken, will rise to exceed the 5 per cent threshold.
Following the share issue, Elo Mutual Pension Insurance Company’s holding will be 4,545,455 Tulikivi Corporation Series A shares, which will correspond to 7.59 per cent of Tulikivi Corporation’s stock and less than 5 per cent of the votes.
Tulikivi Corporation’s Board of Directors decided on the share issue on 8 October 2013, in which 22,727,273 new Tulikivi Corporation Series A shares will be offered for subscription. The share issue will start on 11 October 2013 and will be completed no later than 17 October 2013. It is estimated that entry of the new shares in the Trade Register will take place on 22 October 2013.
TULIKIVI CORPORATION
Heikki Vauhkonen, Managing Director
Distribution: NASDAQ OMX Helsinki Key media www.tulikivi.com
Additional information: Tulikivi Corporation, FIN-83900 Juuka, Finland, tel. +358 207 636 000, www.tulikivi.com - Heikki Vauhkonen, Managing Director, +358 207 636 555
