Helsinki. Finland, 2014-03-03 10:39 CET (GLOBE NEWSWIRE) -- Outokumpu Oyj (OUT1V, FI0009002422), a constituent of Seligson & Co OMX Helsinki 25 Exchange Traded Fund, published a Stock Exchange release on February 28, 2014 regarding a rights offering. In the offering shareholders are entitled to four new shares for every existing one.
According to the Outokumpu’s release the shares trade ex-rights from March 3, 2014. Trading in subscription rights (OUT1VU0114, FI4000085485) will begin on March 10, 2014.
As consequence of the above, Nasdaq OMX has informed that Outokumpu’s number of shares in the OMX Helsinki 25 Index will be increased in accordance with the terms of the offering.
The number of Outokumpu’s shares will not be increased in the OMX Helsinki 25 Exchange Traded Fund and in its subscription unit, to reduce trading costs in the management of the Fund. Instead, the rights will be included in the fund and the subscription unit starting from March 3, 2014. The number of rights will be in accordance the Fund’s ownership of Outokumpu’s shares. Therefore the constitution of the Fund and the subscription unit will temporarily differ from the constitution of the OMX Helsinki 25 Index until the rights are replaced by Outokumpu’s ordinary shares.
Additional information:
Jani Holmberg
jani.holmberg@seligson.fi
Phone +358 9 6817 8219
Ari Kaaro
ari.kaaro@seligson.fi
Phone +358 9 6817 8217
Seligson & Co Fund Management Company Plc
Ari Kaaro
Managing Director