Share buy-backs

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.
By virtue of the authorization concerning the acquiring of own shares a maximum of 10,000,000 own shares could be acquired with the funds from the company’s unrestricted shareholders’ equity, however, in such a way that the total number of own shares, which the Company and its subsidiaries have in their possession or as a pledge, does not exceed one tenth of all shares in accordance with section 11 of Chapter 15 of the Finnish Companies Act. The authorization covers acquisition of shares in public trade in NASDAQ OMX Helsinki Oy and also outside of the public trade. The compensation paid for acquired shares shall be based on the market value.
Derivative contracts, share loan agreements or other agreements may be made within laws and regulations if they are customary to capital market. The authorization entitles the board of directors to make a resolution on acquisition otherwise than in the relation of the shares owned by the shareholders (directed acquisition) according the preconditions se in the Companies Act.

Previous authorisations

Ruukki’s Board of Directors has a valid authorisation given by the Extraordinary General Meeting on 24 February 2009 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. The shares are acquired according to the section 5 of the Rules of NASDAQ OMX Helsinki related to the acquisition of company's own shares and otherwise according to the rules related to acquisition of company's own shares.
Based on the authorisation, the company has acquired altogether 21,845,000 own shares. The company's Board decided to cancel 13,052,022 own shares held by the company which became valid on 2 February 2010. The registered number of shares is now 247,982,000. After the cancellation, the company holds 8,740,895 own shares, which is equal to about 3.52% of the total amount of registered shares.

The AGM on 31 March 2008 authorised the company’s Board to acquire a maximum of 10,000,000 own shares and to transfer the acquired shares. The authorisation was valid until 31 March 2009. Based on the authorisation, the Board decided to acquire the maximum amount of own shares with the funds from the company's unrestricted shareholders' equity. The acquisition of the shares began on 5 November 2008, and the maximum amount 10,000,000 shares had been bought on 27 November 2008.

The EGM on 28 October 2008 authorised the company’s Board to acquire a maximum of 19,000,000 own shares and to transfer the acquired shares. The authorisation was valid until 28 October 2010. Based on the authorisation, the Board decided to start a trading plan, and the share buy-backs were started on 29 December 2008. A total of 19,000,000 own shares were acquired in accordance with the trading plan and the amount was reached on 30 January 2009.

Based on the Board resolution, all of the 29,000,000 treasury shares held by the company were cancelled on 17 February 2009. After that the registered number of shares was 261,034,022.

The company’s subsidiaries do not hold any Ruukki Group Plc shares.