Oy Lival Ab has informed that it shall make a takeover bid for Nordic Aluminium Plc’s shares
Nordic Aluminium Plc has today received information according to which Oy Lival Ab has decided to make a takeover bid for Nordic Aluminium Plc’s (”Company”) shares (”Takeover Bid”).
Oy Lival Ab is fully owned by Nordic Aluminium Oyj’s Chairman of the Board of Directors Stig Lival-Lindström. Oy Lival Ab owns 3 443 515 shares of the Company constituting 71.19 per cent of shares and votes issued by the Company. In addition Stig Lival-Lindström owns 132 790 shares of the Company constituting 2.75 per cent of shares and votes issued by the Company. Varma Mutual Pension Insurance Company holding 6 percent of the Company’s shares has given its commitment to the Bidder to accept the Takeover Bid.
Cash payment in accordance with the Takeover Bid is 30 Euros per share.
Material terms and conditions of the Takeover Bid published by Oy Lival Ab are attached to this stock exchange release.
The specific terms and conditions of the Takeover Bid are included in the offer document which shall be available approximately on 20 August 2012.
The Board of Directors has established a committee to evaluate the Takeover Bid to which the independent members of the Board of Directors Hans Jonasson and Nina Ehrnrooth have been elected. The committee members in question do not have any material connections in regards to the Takeover Bid. The committee has taken a preliminary favorable view on the Takeover Bid. The Board of Directors shall publish a statement in accordance with the Finnish Securities Markets Act after the offer document has been published.
Kirkkonummi August 10, 2012
NORDIC ALUMINIUM PLC
Joakim Berndtsson
CEO
For further information please contact:
CEO Joakim Berndtsson, tel. +358 20 7660 200
Distribution:
OMX NASDAQ Helsinki
The Main Media
www.nordicaluminium.fi
NOAE0912
