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Silmäasema Oyj: Silmäasema Oyj Applies for Delisting of Its Shares from Nasdaq Helsinki

Written by Customer Service on . Posted in Public Companies.

Silmäasema Oyj Applies for Delisting of Its Shares from Nasdaq Helsinki
Silmäasema Oyj
Stock Exchange Release – Inside information
16 April 2020 at 4:05 p.m. EETCoronaria Oy (“Coronaria”) owns more than nine tenths (9/10) of all the shares and votes in Silmäasema and has initiated redemption proceedings in accordance with Chapter 18 of the Finnish Companies Act in order to redeem the remaining Silmäasema shares held by the minority shareholders.Provided that the Arbitral Tribunal appointed for the redemption proceedings confirms that Coronaria’s redemption right is clear, Coronaria is entitled to gain title to all Silmäasema’s shares against the placing of security approved by the Arbitral Tribunal for the payment of the redemption price.Today, Silmäasema will submit a delisting application to Nasdaq Helsinki. In the application Silmäasema requests that the quotation of Silmäasema’s shares on the official list of Nasdaq Helsinki be terminated as soon as possible after Coronaria has gained title to all the shares in Silmäasema in the redemption proceedings.

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