Kemira Group
Stock Exchange Release
November 23, 2009 at 10.50 am
Stock Exchange Release
November 23, 2009 at 10.50 am
The Extraordinary General Meeting of shareholders of Kemira Oyj held today authorized the Board of Directors to decide on a share issue for consideration in such a manner that the shareholders shall be entitled to subscribe for new shares in proportion to their prior shareholding.
In accordance with the authorization, the Board of Directors has the right to decide upon the offering to parties determined by the Board of Directors of any shares that may remain unsubscribed for pursuant to the shareholders’ preemptive subscription right. A maximum amount of 65,000,000 new shares may be issued in the share issue. In the EGM, the Board of Directors was authorized to determine the other terms and conditions of the share issue.
The authorization of the Board of Directors to issue shares shall be in force until March 31, 2010 and it does not revoke the share issue authorization given by the Annual General Meeting to the Board of Directors on April 8, 2009.
Helsinki, November 23, 2009
Kemira Oyj
Board of Directors
For further information, please contact:
Jyrki Mäki-Kala, CFO
Tel. +358 10 86 21589
Päivi Antola, Senior Manager, IR and Financial Communications
Tel. +358 10 862 1140
Kemira is a global 2.8 billion euro chemicals company that is focused on serving customers in water-intensive industries. The company offers water quality and quantity management that improves customers’ energy, water, and raw material efficiency. Kemira‘s vision is to be a leading water chemistry company. Its paints and coatings business, Tikkurila, aims to be the market leader in decorative paints and selected wood and metal coatings in chosen markets.