OMX HELSINKI 25 EXCHANGE TRADED FUND – CREATION UNIT
03-03-14 kl. 3/3 2014 09:39 | Seligson & Co OMX Helsinki 25 Exchange Traded Fund 0,00 (0,00%)
Helsinki. Finland, 2014-03-03 10:39 CET (GLOBE NEWSWIRE) --
Outokumpu Oyj (OUT1V, FI0009002422), a constituent of Seligson & Co OMX
Helsinki 25 Exchange Traded Fund, published a Stock Exchange release on
February 28, 2014 regarding a rights offering. In the offering shareholders are
entitled to four new shares for every existing one.
According to the Outokumpu’s release the shares trade ex-rights from March 3,
2014. Trading in subscription rights (OUT1VU0114, FI4000085485) will begin on
March 10, 2014.
As consequence of the above, Nasdaq OMX has informed that Outokumpu’s number of
shares in the OMX Helsinki 25 Index will be increased in accordance with the
terms of the offering.
The number of Outokumpu’s shares will not be increased in the OMX Helsinki 25
Exchange Traded Fund and in its subscription unit, to reduce trading costs in
the management of the Fund. Instead, the rights will be included in the fund
and the subscription unit starting from March 3, 2014. The number of rights
will be in accordance the Fund’s ownership of Outokumpu’s shares. Therefore the
constitution of the Fund and the subscription unit will temporarily differ from
the constitution of the OMX Helsinki 25 Index until the rights are replaced by
Outokumpu’s ordinary shares.
Additional information:
Jani Holmberg
[email protected]
Phone +358 9 6817 8219
Ari Kaaro
[email protected]
Phone +358 9 6817 8217
Seligson & Co Fund Management Company Plc
Ari Kaaro
Managing Director
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