Onni Bidco Oy Secures Redemption Rights Over Innofactor Shares
Onni Bidco Oy has achieved a significant milestone regarding the minority shares of Innofactor Plc, as confirmed by an arbitral tribunal. This decision endorses Onni Bidco's right to redeem these shares, marking a pivotal moment for both companies involved.
Understanding the Redemption Process
The arbitral tribunal's ruling stems from proceedings initiated by the Redemption Board of the Finland Chamber of Commerce. Those proceedings sought to address the minority stakes held in Innofactor Plc. The confirmation granted by the tribunal authorizes Onni Bidco to secure ownership of the minority shares through a process that includes posting an adequate security for the redemption price as well as interest accrued. This step is critical for a seamless transaction.
Implications for Innofactor Shareholders
On March 31, 2025, prior to the tribunal's confirmation, the Board of Directors at Innofactor made a strategic decision to submit an application to cease public trading of Innofactor shares. This move also includes plans for delisting the shares from Nasdaq Helsinki. These actions aim to facilitate a smooth transition for Onni Bidco as it moves towards acquiring full ownership.
The Delisting of Innofactor Shares
With the tribunal’s recent verdict affirming Onni Bidco's redemption rights, trading in Innofactor shares has been put on hold as of April 23, 2025, at approximately 17:16 (EEST). This suspension will remain in effect until the required security is posted and a formal announcement regarding the delisting is made.
The Future of Innofactor and Onni Bidco
Innofactor Plc holds a vital position as a leader in fostering modern digital organizations across the Nordic region, boasting a client base of around 1,000 in both the public and commercial sectors. The company significantly excels within the Microsoft ecosystem, providing comprehensive solutions, project implementations, business-critical IT planning, and maintenance services.
Meet Innofactor's Diverse Team
With nearly 600 professionals working across Finland, Sweden, Denmark, and Norway, Innofactor’s expertise ensures the delivery of exceptional digital solutions tailored to meet industry demands. Their wide-ranging service offerings underscore their commitment to being at the forefront of technology and innovation.
Contact Information for Investors
For those seeking additional information about this development or any inquiries regarding Innofactor, two key contacts are available:
Veera Vitie (Innofactor), ir@innofactor.com, +358 44 331 0207
Lasse Lautsuo (Innofactor), ir@innofactor.com, +358 50 480 1597
Frequently Asked Questions
What was the tribunal's ruling regarding Onni Bidco?
The tribunal confirmed that Onni Bidco has the right to redeem minority shares in Innofactor Plc.
Why was there a trading suspension for Innofactor shares?
The suspension occurred following the tribunal's decision to allow Onni Bidco to proceed with the redemption, necessitating a pause in trading.
What are the next steps for Onni Bidco?
Onni Bidco must post the required security to proceed with the redemption and delisting of the shares.
How many customers does Innofactor serve?
Innofactor serves approximately 1,000 customers in both the commercial and public sectors across the Nordic region.
How many employees work at Innofactor?
Innofactor employs nearly 600 specialists across Finland, Sweden, Denmark, and Norway, showcasing its extensive expertise in digital solutions.
