Skip to main content

Plc Uutechnic Group Oyj: Special representative appointed for the arbitration proceedings concerning the redemption of the minority shares in Plc Uutechnic Group Oyj

Written by Customer Service on . Posted in Public Companies.

Plc Uutechnic Group Oyj Stock exchange release 26 February 2021 at 11:30 a.m. EETSpecial representative appointed for the arbitration proceedings concerning the redemption of the minority shares in Plc Uutechnic Group OyjSPX Flow Technology Germany GmbH (“SPX FLOW”) has on 20 January 2021 commenced mandatory redemption proceedings in respect of Plc Uutechnic Group Oyj’s (“UTG”) minority shares by applying for arbitration proceedings to be initiated in accordance with Chapter 18, Section 4 of the Finnish Companies Act (the “Companies Act”) in order to redeem all the remaining shares in UTG.As a result of SPX FLOW’s application for initiation of arbitration proceedings, the Redemption Board of Finland Chamber of Commerce has petitioned the District Court of Varsinais-Suomi for the appointment of a special representative to look after the interests of UTG’s minority shareholders in the arbitration during the redemption proceedings. With its decision given on 23 February 2021, the District Court of Varsinais-Suomi has appointed Tarja Wist, attorney-at-law, to act as the special representative.SPX FLOW’s notice to the minority shareholders, as referred to in Chapter 18, Section 5, Subsection 2 of the Companies Act, is attached to this release.In Uusikaupunki, 26 February 2021Plc Uutechnic Group Oyj
Board of DirectorsFurther information
 Dominic Hill, Managing Director, Plc Uutechnic Group Oyj, +44 (0) 161 249 1444UTG Mixing Group is a global technology group that provides competitive mixing solutions with a customer-oriented approach, minimizing life cycle costs. Its main customer sectors are the chemical, food, metallurgical and fertilizer industries, as well as environmental technology, water treatment and pharmaceuticals. The parent company of UTG Mixing Group is Plc Uutechnic Group Oyj, whose shares are listed on Nasdaq Helsinki. The business is carried out in the subsidiaries of the group, Uutechnic Oy and Stelzer Rührtechnik International GmbH.AttachmentLetter to Minority Shareholders

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.