ROBIT PLC COMPANY RELEASE 21 May 2015 at 8.30 a.m.
NOT FOR RELEASE PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA, SINGAPORE OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
TRADING IN ROBIT PLC'S SHARES ON NASDAQ OMX HELSINKI LTD'S FIRST NORTH FINLAND MARKETPLACE COMMENCES TODAY
Robit Plc ("Robit" or the "Company") announces its flotation today on 21 May 2015, at 10.00 a.m to the First North Finland marketplace maintained by NASDAQ OMX Helsinki Ltd. The total number of shares in the Company is 15,883,900; their share trading code is ROBIT and ISIN code FI4000150016.
Robit has issued a total of 5,800,000 new shares in the initial public offering (the "Offering"). As a result, the number of shares in the Company will increase to 15,883,900 shares in total. The new shares were registered with the trade register maintained by the Finnish Patent and Registration Office on 20 May 2015. Shares issued in the public offering were recorded on 21 May 2015 in the book-entry accounts of investors who have made an approved subscription commitments. In the institutional offering the shares will be ready to be delivered against payment on or about 25 March 2015 through Euroclear Finland Ltd.
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch acted as the Lead Manager for the Offering and as the certified advisor of the Company in accordance with the First North rules. Borenius Attorneys Ltd acted as the legal advisor to the Company and Hannes Snellman Attorneys Ltd as the legal advisor to the Lead Manager.
ROBIT PLC
Board of Directors
Further information:
Robit Plc
| Jussi Rautiainen, CEO | Harri Sjöholm, Chairman of the Board of Directors |
| +358 40 741 0369 | +358 400 622 092 |
| jussi.rautiainen@robit.fi | harri.sjöholm@robit.fi |
Robit develops, manufactures, supplies and services drilling consumables for applications in tunnelling, geothermal heating and cooling, construction, and mining industries. The Company's products can be divided into top hammer drilling consumables used for rock drilling and DTH (down-the-hole) drilling consumables used for ground drilling. The Company has sales companies in Finland, South Korea, the United States, Russia and South Africa, as well as a sales office in China as well as distribution network with approximately 160 distributors. Robit's products are sold to over 100 countries. The Company has production in Finland and South Korea.
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
www.robit.fi
DISCLAIMER
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa, Singapore or Japan.
These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. The Company does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The issue, exercise and/or sale of securities in the initial public offering are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor Skandinaviska Enskilda Banken AB (publ) assume any responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area other than Finland. With respect to each Member State of the European Economic Area other than Finland and which has implemented the Prospectus Directive (each, a "Relevant Member State" ), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression an " offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe the securities, as the same may be varied by any measure implementing the Prospectus Directive in that Relevant Member State and the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU.
This communication does not constitute an offer of the securities referred to herein to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities referred to herein. This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order" ) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as " relevant persons" ). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.