06/21/2021 | Press release | Distributed by Public on 06/21/2021 04:03
AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE June 21, 2021 at 13:03 p.m. EEST
The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Ahlstrom-Munksjö Oyj ('Ahlstrom-Munksjö') has in its interim decision today confirmed that Spa Holdings 3 Oy ('Spa Holdings 3') has the right to redeem the minority shares in Ahlstrom-Munksjö and that Spa Holdings 3 has the right to obtain title to the minority shares by posting a security approved by the arbitral tribunal for the payment of the redemption price and the possible interest accruing thereon.
Ahlstrom-Munksjö announced on March 26, 2021 that the Board of Directors of Ahlstrom-Munksjö has resolved to apply for the termination of public trading in the shares of Ahlstrom-Munksjö and for the delisting of its shares from the official list of Nasdaq Helsinki Ltd so that the delisting would occur as soon as possible upon Spa Holdings 3 having gained title to all the shares in Ahlstrom-Munksjö in the pending redemption proceedings under Chapter 18 of the Finnish Companies Act. Following the confirmation of the redemption right, Nasdaq Helsinki Ltd has suspended trading in the Ahlstrom-Munksjö shares on June 21, 2021 at 12:19 (EEST). The posting of the security and the delisting of the Ahlstrom-Munksjö shares will be announced separately. The Ahlstrom-Munksjö shares were delisted from the main market of Nasdaq Stockholm AB with the last day of trading May 31, 2021, as announced earlier on April 16, 2021.
Johan Lindh, Vice President, Communications and Investor Relations, +358 10 888 4994, [email protected]
Juho Erkheikki, Investor Relations Manager, +358 10 888 4731, [email protected]
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering includes filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 2.7 billion and we employ some 7,800 people. Read more at www.ahlstrom-munksjo.com