Ruukki Group : RUUKKI GROUP ANNOUNCES THE SETTLEMENT OF THE RUUKKI NAME
12:10 London, 14:10 Helsinki, 30 April 2013 - Ruukki Group Plc ("Ruukki" or
"the Company") (LSE: RKKI, OMX: RUG1V), Stock Exchange Release
RUUKKI GROUP ANNOUNCES THE SETTLEMENT OF THE RUUKKI NAME DISPUTE
Ruukki Group Plc ("Ruukki" or the "Company") is pleased to announce that it
has entered into a settlement agreement with Rautaruukki Oyj ("Rautaruukki")
in relation to the dispute regarding the Company's and Rautaruukki's right to
use and register trademarks and company names containing the word 'ruukki' or
derivatives or figurative representations in their respective business
activities. Consequently, the Company will change its name.
According to the settlement agreement, the Company and its subsidiaries are
required to change their names to ones that do not contain the word Ruukki
within six months (the "Transition Period"). Rautaruukki will compensate the
Company in relation to the name change and both the Company and Rautaruukki
will bear all of their own legal and other costs incurred in connection with
the dispute. After the Transition Period, Rautaruukki and the Company will
withdraw all claims and other actions that they have filed anywhere in the
world against each other and the Company will assign Rautaruukki all rights
and trademarks in relation to the 'Ruukki' name.
Ruukki will publish more information in relation to the name change in due
RUUKKI GROUP PLC
For additional information, please contact:
Ruukki Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175, firstname.lastname@example.org
Investec Bank Plc
Neil Elliot, +44 (0)20 7597 5970, email@example.com
George Price, +44 (0)20 7597 5970, firstname.lastname@example.org
Ruukki Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX
Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
NASDAQ OMX Helsinki
London Stock Exchange
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Ruukki Group via Thomson Reuters ONE
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