Talvivaara Share Subscriptions Based on Stock Options 2007A

Stock Exchange Release. Talvivaara Mining Company Plc. 29 February 2012

Stock Exchange Release

Talvivaara Mining Company Plc

29 February 2012

 

 

Talvivaara Share Subscriptions Based on Stock Options 2007A

 

 

A total of 111,747 Talvivaara Mining Company Plc.'s new shares were subscribed for during the period between 31 December 2011 and 10 February 2012 under the company's stock option rights 2007A. The entire subscription price of EUR 300,942.32 will be entered in the invested unrestricted equity reserve. As a result of the share subscriptions, the number of Talvivaara Mining Company Plc shares will increase to 246,002,250.

 

The shares subscribed for under the stock options were registered in the Trade Register on 29 February 2012, as of which date the new shares will establish shareholder rights.

 

Trading in the new shares will begin on NASDAQ OMX Helsinki on 1 March 2012.Talvivaara will also apply for admission of the shares to listing on the official list of the United Kingdom's Financial Services Authority and to trading on the main market of the London Stock Exchange and it is expected that the admission will take place and that trading will commence on or about 5 March 2012.

 

The share subscription period for stock options 2007A is between 1 April 2010 and 31 March 2012. By 10 February 2012 a total of 561,033 Talvivaara Mining Company Plc's new shares were subscribed for under the stock option rights 2007A and a total of 1,772,067 stock option rights 2007A remain unexercised.

 

The terms and conditions of Talvivaara Stock Options 2007 with additional information are available on

 

www.talvivaara.com/share-options-plan

 

or

 

www.evli.com/web/FI/en/private-clients-and-companies/other-services
/incentive-programs/Talvivaara

 

 

 

ENQUIRIES

 

Talvivaara Mining Company Plc Tel: +358 20 7129 800

Pekka Erkinheimo, Chief Commercial Officer

Saila Miettinen-Lähde, Chief Financial Officer

 

 

 

Talvivaara Mining Company Plc.

Talvivaara Mining Company is an internationally significant base metals producer with its primary focus on nickel and zinc using a technology known as bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction of metals from low grade ore economically viable. The Talvivaara deposits comprise one of the largest known sulphide nickel resources in Europe. The ore body is estimated to support anticipated production for several decades. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250 Index. Further information can be found at www.talvivaara.com

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