Board authorisations

Share issue authorisations

The Annual General Meeting held on 21 April 2010 authorised the Board of Directors to decide on the share issue and on the issuing of stock options and other special rights that entitle to shares. By virtue of the authorization shares can be emitted in one or more tranches in total a maximum of 100,000,000 new shares or shares owned by the company. This equates approximately 40.33% of the company’s currently registered shares. The Board of Directors will by virtue of the authorization be entitled to decide on the share issues and on the issuing of stock options and other special rights that entitle to shares.This authorisation replaces all previous authorisations and it is valid two (2) years as from the decision of the General Meeting.

Treasury shares

Ruukki’s Board of Directors has a valid authorisation given by the Annual General Meeting on 21 April 2010 to acquire a maximum of 10,000,000 own shares and to transfer the acquired shares. The authorisation is valid 18 months as from the decision of the General Meeting.

Previous authorisations

The Extraordinary General Meeting held on 24 February 2009 authorised the Board to decide on a share issue and on the issuing of stock options and other special rights giving entitlement to shares. The authorisation replaces the authorisation given by the Annual General Meeting on 31 March 2008. By virtue of the authorisation, shares could be emitted in one or more tranches in total a maximum of 100,000,000 new shares or shares owned by the company. This equates to 38.3% of the company’s registered number of shares. The authorisation is valid until 24 February 2010.

The Extraordinary General Meeting held on 24 February 2009 authorised the Board to acquire a maximum of 26,000,000 own shares and to transfer the acquired shares. The authorisation is valid until 24 February 2010. Based on the authorisation share buy-backs were started on 5 March 2009.

More about share buy-backs >>