Metso Corporation's company release on November 24, 2009 at 9:25 a.m. local time
Metso Corporation's exchange offer for Tamfelt Corp.'s shares and stock options commenced on November 23, 2009 at 9:00 a.m. (Finnish time). By now, shareholders, whose aggregated ownership in Tamfelt Corp. is 51.66 per cent, have undertaken to accept Metso's exchange offer.
Metso announced in the share exchange offer document and listing particular published on November 20, 2009 that certain shareholders of Tamfelt (Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, Tapiola Mutual Pension Insurance Company, Mandatum Life Insurance Company Limited, Kaleva Mutual Insurance Company as well as certain institutional and private shareholders), whose aggregated ownership in Tamfelt is 45.32 per cent of shares (including the 2.82 per cent ownership of Tamfelt held by Metso), had irrevocably and unconditionally undertaken to accept the share exchange offer. After this, Metso has received corresponding undertakings from certain other owners, whose aggregated ownership in Tamfelt is 6.34 per cent. Accordingly, shareholders in Tamfelt (including Metso), whose aggregated ownership in Tamfelt is 51.66 per cent, have irrevocably and unconditionally undertaken to accept Metso's share exchange offer.
The offer period for the share exchange offer preliminarily expires on December 18, 2009 at 4:00 p.m (Finnish time).
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 26,500 employees in more than 50 countries. www.metso.com
Further information, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
This release may not be released or otherwise distributed, in whole or in part, in or into Australia, Canada, Japan, New Zealand, South Africa or the United States. This release is not a tender offer document and as such does not constitute an offer or invitation to make a sales offer. Investors shall accept the Share Exchange Offer for the shares and the offer for the Stock Options only on the basis of the information provided in a share exchange offer document. Offers will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any share exchange offer document or registration or other requirements would apply in addition to those undertaken in Finland.
The share exchange offer document and related acceptance forms will not and may not be distributed, forwarded or transmitted into or from any jurisdiction where prohibited by applicable law. In particular, the Share Exchange Offer or the offer for the Stock Options is not being made, directly or indirectly, in or into, or by use of the postal service of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone or the Internet) of interstate or foreign commerce of, or any facilities of a national securities exchange of, Australia, Canada, Japan, New Zealand, South Africa or the United States. The Share Exchange Offer or offer for the Stock Options cannot be accepted by any such use, means or instrumentality or from within Australia, Canada, Japan, New Zealand, South Africa or the United States.