Salo, Finland, 2011-04-05 09:30 CEST (GLOBE NEWSWIRE) --
Salcomp Plc Stock exchange release 5 April 2011 at 10:30 Finnish time
Salcomp Plc ("Salcomp") has received the following information from Nordstjernan AB ("Nordstjernan").
“The Redemption Committee of the Central Chamber of Commerce has on the basis of Nordstjernan's application requested the District Court of Varsinais-Suomi to appoint a trustee for the arbitral proceedings to supervise the interests of the minority shareholders of Salcomp during the redemption proceedings.
The Redemption Committee has informed Nordstjernan that the District Court of Varsinais-Suomi appointed on 31 March 2011 attorney-at-law Kim Kyntölä as the trustee.”
The trustee has the right and the obligation to make a case on behalf of the minority shareholders and to present evidence in support thereof in the arbitration proceedings. The trustee is not competent to make or to accept demands relating to the redemption on behalf of the minority shareholders, nor undertake measures that are contrary to the measures taken by a minority shareholder.
The contact details of the trustee are as follows:
Kim Kyntölä, attorney-at-law
Asianajotoimisto Sivenius, Suvanto & Co Oy
Mannerheimintie 15 A
00260 Helsinki
Telephone +358 9 5306 7635, +358 50 5319 776
Fax +358 9 5306 7699
E-mail kim.kyntola@sisulaw.fi
SALCOMP PLC
Markku Hangasjärvi
President and CEO
Distribution:
NASDAQ OMX Helsinki
The main media
www.salcomp.com
Further information:
Markku Hangasjärvi, President and CEO, tel. +358 40 7310 114
Tomas Billing, President, Nordstjernan AB, p. +46 8 788 50 18