Ruukki Group Oyj (HLSE:RUG1V) announced a private placement of 5,000,000 shares on July 10, 2013. The company will issue the shares to new investor Sail Resources Pte Ltd. The transaction was approved by the board of directors at the annual general meeting of the company.

On November 8, 2013, the company announced that the transaction is expected to close by the year end 2013.

On December 13, 2013, the company announced that it will issue at a price of €0.45 per share for gross proceeds of €2,250,000. The shares represent approximately 2.01% of the current issued share capital and approximately 2.05% of the total voting rights of the company prior to the issuance of the shares. The subscription period of the transaction will commence immediately and continue till January 18, 2014. The subscription price will be paid to the company latest by January 31, 2014. Upon completion of the transaction, the total amount of shares in issue will be increased from 248,432,000 to 253,432,000 shares.


On January 20, 2014, Ruukki Group Oyj cancelled the transaction.