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Rautaruukki Oyj: SSAB has announced, that SSAB to commence a compulsory redemption proceeding in respect of remaining Rautaruukki shares; price to be offered EUR 11.24 per share in cash

2014-07-29 14:36:00
Ticker Giełda ISIC Kraj Miasto
RTRKS XHEL Finland Helsinki






This stock exchange release may not be published or distributed, in whole or in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.





Rautaruukki Corporation Stock exchange release July 29 2014 at 15.35pm EEST



SSAB has announced, that SSAB to commence a compulsory redemption proceeding in

respect of remaining Rautaruukki shares; price to be offered EUR 11.24 per share

in cash



SSAB AB (publ) ("SSAB") announced earlier today that it will complete the share

exchange offer to Rautaruukki Corporation's ("Rautaruukki") shareholders.



In accordance with the terms and conditions of the share exchange offer, title

to 95.1 percent of Rautaruukki's shares and votes has now transferred to SSAB.

As a result, SSAB has today informed Rautaruukki that the redemption right and

obligation under the Finnish Companies Act in respect of the Rautaruukki shares

held by minority shareholders has arisen.



SSAB intends to initiate arbitral proceedings as provided in the Finnish

Companies Act as soon as possible to complete the compulsory redemption of the

shares in Rautaruukki held by minority shareholders. In such compulsory

redemption proceeding, SSAB will offer EUR 11.24 in cash for each Rautaruukki

share, which corresponds to the market value in euro of SSAB's class A and class

B shares offered as consideration for Rautaruukki shares in the share exchange

offer on July 22, 2014, the final day of the offer period.



For further information, please contact:

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



This information is published by SSAB pursuant to the requirements of the

Finnish Securities Market Act and the Swedish Securities Market Act.







Taina Kyllönen

SVP, Marketing and Communications



Ruukki specialises in steel and steel construction. We provide customers with

energy-efficient steel solutions for better living, working and moving. We have

around 8,600 employees and an extensive distribution and dealer network across

some 30 countries including the Nordic countries, Russia and elsewhere in Europe

and the emerging markets, such as India, China and South America. Net sales in

2013 totalled ?2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki

(Rautaruukki Oyj: RTRKS). www.ruukki.com



DISTRIBUTION:

NASDAQ OMX Helsinki

Main media

www.ruukki.com







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 announcement is distributed by GlobeNewswire on behalf of

GlobeNewswire clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and

other applicable laws; and

(ii) they are solely responsible for the content, accuracy and

originality of the information contained therein.



Source: Rautaruukki Oyj via GlobeNewswire

[HUG#1841815]





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