CapMan Plc Stock Exchange Release 12 April 2017 at 9.15 a.m. EEST
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Norvestia has resolved to apply for delisting of its shares
Norvestia Oyj ("Norvestia") has today on 12 April 2017 announced that Norvestia's Board of Directors has today resolved to apply for the termination of public trading in the shares of Norvestia and the delisting of the shares. The termination of public trading in the shares of Norvestia and the delisting of the shares are meant to take place when CapMan Plc ("CapMan") has granted a security approved by the arbitral tribunal in connection with the redemption of the minority shares in Norvestia and thus acquired title to all the outstanding shares in Norvestia pursuant to Chapter 18, Section 6 of the Companies Act. CapMan estimates that Norvestia's minority shares will be transferred to CapMan after the security has been granted on or about in June 2017, at the earliest. The progress and duration of the proceedings are however dependent on the arbitrators and other parties of the proceedings.
Norvestia has today on 12 April 2017 announced that the application for the termination of public trading in the shares of Norvestia and the delisting of the shares of Norvestia will be submitted to Nasdaq Helsinki's listing committee latest 20 April 2017.
CAPMAN PLC BOARD OF DIRECTORS
Additional information: Heikki Westerlund, CEO, CapMan Plc, tel. +358 50 559 6580
Distribution: Nasdaq Helsinki Principal media www.capman.com
CapMan www.capman.com www.capman.com/exchange-offer
CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 100 private equity professionals and manages €2.8 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.
