Stock Exchange Releases 2011

31.03.2011 08:30

Kemira has agreed on selling its shares in Tikkurila (Announcement pursuant to Securities Market Act, Chapter 2, Section 10)

Kemira has agreed on selling its shares in Tikkurila (Announcement pursuant to Securities Market Act, Chapter 2, Section 10)

Tikkurila Oyj
Stock Exchange Release
March 31, 2011 at 8.30 am (CET+1)

Tikkurila Oyj (business ID 0197067-4) has received a notification, based on the Securities Markets Act, from Kemira Oyj (business ID 0109823-0) on March 30, 2011.

According to the notification, Kemira Oyj has on March 30, 2011 entered into a Placing Agreement with Danske Bank A/S, Helsinki Branch, and Deutsche Bank AG, London Branch, according to which Kemira Oyj can sell a maximum of 6,175,155 Tikkurila Oyj shares to the market via so-called accelerated book building, and Danske Bank A/S, Helsinki Branch and Deutsche Bank AG, London Branch try to find buyers for those shares. The sale of the shares to buyers found by Danske Bank A/S, Helsinki Branch, and Deutsche Bank AG, London Branch is to be carried out after the so-called accelerated book building phase by a separate Pricing Agreement, which is expected to take place on March 31, 2011.

The shareholding of Kemira Oyj prior to the contemplated agreement leading to changes in shareholding is 6,175,155 shares, which equals 14.0 percent of all shares and their voting rights. If the share transactions will be realized based on the agreement described above, the shareholding of Kemira Oyj in all shares and votes in Tikkurila Oyj will fall below 1/10 (10%) threshold and 1/20 (5%) threshold.

Information subject to notification:

ISIN codeNumber of shares% of total number of sharesNumber of voting rights% of total number of voting rights
(A) Shares and related voting rightsFI40000087196,175,15514.00   6,175,15514.00
(B) Agreement or other arrangementFI40000087196,175,15514.00  6,175,15514.00
(A) + (B)FI400000871900.0000.00

According to Kemira Oyj's notification section (A) above states the number of shares Kemira currently holds in Tikkurila Oyj. According to Kemira Oyj's notification section (B) above states the maximum amount of shares that can be sold by Kemira Oyj based on the Placing Agreement. Moreover, the total amount (A) + (B) above equals the amount of shares held by Kemira Oyj after the transactions assuming that all the shares stated in section (B) will be sold.

The percentages of shares and voting rights have been calculated in proportion to the total number of shares registered with the Trade Register and the total number of voting rights related to them. The share capital of Tikkurila Oyj is EUR 35,000,000 and it is divided into 44,108,252 shares. The Company has one series of shares. Each share entitles to one voting right. Hence, the total number of voting rights is 44,108,252.


Tikkurila Oyj
Jukka Havia, CFO


For further information, please contact:

Tikkurila Oyj
Susanna Aaltonen, Group Vice President, Communications & IR
Mobile +358 40 593 4221, susanna.aaltonen@tikkurila.com


Tikkurila provides consumers, professionals and the industry with user-friendly and environmentally sustainable solutions for protection and decoration. Tikkurila is a strong regional player that aims to be the leading paint company in the Nordic area and Eastern Europe including Russia. - Tikkurila inspires you to color your life.

www.tikkurila.com


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