Tekla Corporation Stock exchange release November
29, 2011 at 9:00 a.m.
Tekla Corporation applies for the delisting of its shares
Trimble Finland Oy ("Trimble Finland") has on November 25, 2011 filed its
statement of claim in the arbitration proceedings concerning the redemption of
minority shares in Tekla Corporation ("Tekla"), which Trimble Finland has
initiated in accordance with chapter 18 of the Companies Act. According to
chapter 18, section 6 of the Companies Act, if the Arbitral Tribunal considers
the existence of the redemption right to be clear, the minority shares subject
to the proceedings are immediately transferred to Trimble Finland upon the
posting of a security for the payment of the redemption price in the form
approved by the Arbitral Tribunal.
Tekla's Board of Directors has resolved to apply for the termination of public
trading in the Tekla share and the delisting of the share. Tekla has filed an
application concerning the matter with the Listing Committee of NASDAQ OMX
Helsinki. In the application, Tekla requests that the Tekla share be delisted
from the official list of NASDAQ OMX Helsinki as soon as possible once the title
to the shares subject to the redemption proceedings has been transferred to
Trimble Finland in accordance with chapter 18, section 6 of the Companies Act.
TEKLA CORPORATION
Board of Directors
Additional information: Timo Keinänen, CFO, tel. +358 400 813 027,
firstname.lastname @ tekla.com
Distribution: NASDAQ OMX Helsinki Ltd, main media and www.tekla.com
Tekla Corporation drives the evolution of digital information models with its
software, providing a growing competitive advantage to customers in the
construction, infrastructure and energy industries. Tekla's net sales for 2010
were nearly 58 million euros and operating result nearly 10 million euros.
International operations accounted for approximately 80% of net sales. Tekla has
customers in 100 countries, offices in 15 countries and a worldwide partner
network. Tekla Group currently employs more than 500 persons, of whom about 200
work outside of the headquarters in Finland. Tekla was established in 1966, and
is one of the longest-operating Finnish software companies. Tekla Corporation
became part of Trimble in July 2011.
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Tekla Corporation applies for the delisting of its shares
| Source: Tekla