ARBITRATORS APPOINTED FOR THE REDEMPTION PROCEEDIN
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Helsinki, Finland, 2017-03-17 08:30 CET (GLOBE NEWSWIRE) --
Norvestia Oyj Stock Exchange Release 17 March 2017 at 9:30
This stock exchange release may not be published or distributed, in whole or in part, directly or indirectly, in the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, or any other country where such publication or distribution would violate applicable regulation or would require additional measures in addition to the requirements under Finnish law.
ARBITRATORS APPOINTED FOR THE REDEMPTION PROCEEDINGS CONCERNING NORVESTIA’S MINORITY SHARES
The Redemption Committee of the Finland Chamber of Commerce has appointed an Arbitral Tribunal consisting of three arbitrators for the redemption proceedings concerning the right of squeeze-out and squeeze-out price relating to Norvestia Oyj shares not held by CapMan Plc. The Arbitral Tribunal comprises of professor (emeritus) Risto Nuolimaa, attorney Petra Kiurunen and attorney Kirsi Eksymä.
CapMan announced on 13 January 2017 that it will commence redemption proceedings in respect of Norvestia’s minority shares by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to have ownership of all the shares in Norvestia.
Helsinki, 17 March 2017
NORVESTIA OYJ
Additional information: Juha Kasanen, Managing Director, tel. +358 9 6226 380
Distribution: Nasdaq Helsinki Main media www.norvestia.fi
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