OUTOKUMPU OYJ STOCK EXCHANGE RELEASE February 10, 2014 at 6.15 pm EET
The meetings of the holders of Outokumpu Oyj’s EUR 250,000,000 5.125 percent Notes due 2015 (ISIN FI4000013354) and of its EUR 150,000,000 5.875 percent Notes due 2016 (ISIN FI4000043856) were held on February 7, 2014.
The holders of both notes resolved to approve the proposals relating to the granting of security and amendment of the terms and conditions of the respective notes and to certain transactions and the subordination deed.
Accordingly and except for certain limited exceptions, the consents and waivers became effective immediately after being sanctioned by the noteholders. The amendments to terms and conditions of the notes will enter into force upon the completion of certain refinancing measures, which Outokumpu will announce and notify the noteholders separately with a stock exchange release.
Outokumpu will pay the relevant instruction fees to noteholders in full once the refinancing measures are completed. However, noteholders may receive 50% of the relevant instruction fees if such completion does not occur on or before March 9, 2014. The remaining 50% of the relevant instruction fees shall be paid no later than 5 business days after the refinancing measures have been completed, if such completion has occurred on or before June 30, 2014.
For more information:
Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778
Media: Saara Tahvanainen, tel. +358 40 589 0223
Outokumpu Group
Outokumpu is the global leader in stainless steel and high performance alloys. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 15 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com
