OUTOTEC OYJ STOCK EXCHANGE RELEASE, DECEMBER 29, 2009 AT 1.00 PM
Outotec supplements the offer document with the statement by the Board of Directors of Larox concerning the tender offer
The Board of Directors of Larox Corporation ("Larox") has on December 28, 2009 given its statement on Outotec Oyj's ("Outotec") public tender offer for all the Larox shares as well as for all the unused subscription rights relating to the 1994 bonus issue by Larox (the "Tender Offer"). According to the statement, the Board of Directors of Larox, based on the information available, estimates that the Tender Offer is in the interest of Larox and the holders of the Larox shares and subscription rights. The Board of Directors of Larox unanimously recommends that the shareholders of Larox accept the Tender Offer.
Outotec has decided to supplement the combined tender offer document and offering circular relating to the Tender Offer (the "Offer Document") with the statement given by the Board of Directors of Larox, which constitutes annex 5 of the Offer Document.
The Offer Document, together with the supplement thereto, will be available at the website of Outotec at www.outotec.com and at the website of Nordea Bank Finland Plc at www.nordea.fi/sijoita. In addition, the printed Offer Document, together with the supplement thereto, will be available at the offices of Nordea Bank Finland Plc, the Nordea Private Banking units as well as at the service point of NASDAQ OMX Helsinki Ltd. at Fabianinkatu 14, FI-00100 Helsinki, Finland.
Board of Directors
For further information, please contact:
Tapani Järvinen, 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 0400 954 141
Eila Paatela, VP - Corporate Communications, tel. +358 20 529 2004, +358 400 817 198
NASDAQ OMX Helsinki
THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION
WHERE PROHIBITED BY APPLICABLE LAW AND THIS STOCK EXCHANGE RELEASE IS NOT AND MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW BY ANY MEANS WHATSOEVER INCLUDING, WITHOUT LIMITATION, MAIL, FACSIMILE TRANSMISSION, E-MAIL OR TELEPHONE.
Information regarding the companies
Outotec is a leading international developer and provider of technologies for the mining and metallurgical industries. It offers innovative and environmentally sound plants, processes, equipment and services to its customers worldwide. Outotec's sales in 2008 amounted to approximately EUR 1.2 billion and the company has approximately 2,500 employees in 21 countries. Outotec's headquarters are located in Espoo, Finland. Outotec is listed on NASDAQ OMX Helsinki and its market capitalization on December 21, 2009, was approximately EUR 960 million. Additional information at www.outotec.com.
Larox develops and delivers industrial filters for separating solids from liquids. Larox's filtration solutions are mainly used worldwide in the mining and metallurgical industries as well as in chemical processing. Larox operates in over 40 countries. The company is headquartered in Lappeenranta, Finland and it has production facilities in Finland and China. Sales in 2008 totalled EUR 208.0 million, and the number of employees was approximately 560. Larox is listed on NASDAQ OMX Helsinki and on December 21, 2009, the market capitalization of its series B shares subject to public trading was approximately EUR 70 million.