Skip to main content

Ramirent Plc Applies for Delisting of Its Shares from Nasdaq Helsinki

Written by Customer Service on . Posted in Mergers And Acquisitions.

Ramirent Plc
Stock Exchange Release
December 10, 2019 at 9:00 EESTNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG, OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.Ramirent Plc Applies for Delisting of Its Shares from Nasdaq HelsinkiRamirent Plc’s (“Ramirent”) Board of Directors has decided to apply for the termination of public trading in Ramirent shares and for the delisting of Ramirent’s shares from the official list of Nasdaq Helsinki Ltd (“Nasdaq Helsinki”).Loxam S.A.S (“Loxam”) owns more than nine tenths (9/10) of all the shares and votes in Ramirent and has initiated redemption proceedings in accordance with Chapter 18 of the Finnish Companies Act in order to redeem the remaining Ramirent shares held by the minority shareholders.Provided that the Arbitral Tribunal appointed for the redemption proceedings confirms that Loxam’s redemption right is clear, Loxam is entitled to gain title to all Ramirent’s shares against the placing of security approved by the Arbitral Tribunal for the payment of the redemption price.Today, Ramirent will submit a delisting application to Nasdaq Helsinki. In the application Ramirent requests that the quotation of Ramirent’s shares on the official list of Nasdaq Helsinki be terminated as soon as possible after Loxam has gained title to all the shares in Ramirent in the redemption proceedings.More information:Jukka Havia, EVP and CFORamirent Plc, Tel. +358 50 355 3757jukka.havia@ramirent.comABOUT RAMIRENTRamirent is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have around 3,200 co-workers and 300 customer centers across nine countries in Northern and Eastern Europe. In 2018, Ramirent Group sales reached a total of EUR 712 million. Ramirent is listed on Nasdaq Helsinki Ltd (RAMI). Loxam S.A.S. has acquired more than 90 percent of all the Ramirent shares and will delist the company from Nasdaq Helsinki Ltd. as soon as permitted under applicable laws.Ramirent – Gear Up. Equipment rental at your service

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.