Helsinki, Finland, 2015-03-03 08:15 CET (GLOBE NEWSWIRE) --
Ixonos Plc Stock Exchange Release 3 March 2015 at 09:15
IXONOS: BOARD OF DIRECTORS’ ACTIONS IN RELATION TO THE TAKEOVER BID
The mandatory public takeover bid (the “Takeover Bid”) of Tremoko Oy Ab (the “Bidder”) and other relations to the bid will be assessed by competent and independent Board Members of the Board of Directors only. The Board of Directors has taken into account that Member of the Board Mr Paul Ehrnrooth is member of the board of the Bidder also. Turret Oy Ab, which is characterized to be as an authority company of Mr Paul Ehrnrooth, owns 65 per cent of the shares and votes of the Bidder. The Board of Directors comprise quorum with only the competent and independent members present.
Based on evaluation of the competent and independent Board Members, the Board of Directors will give a Fairness Opinion Statement regarding the Takeover bid according to the Chapter 11 Section 13 of the Securities Market Act. The Fairness Opinion Statement will be released approximately within a one week after disclosure of the Takeover Bid. The Bidder has disclosed the Takeover Bid on 2 March 2015.
The Board of Directors has nominated an Independent Advisor to evaluate the offer price from the perspective of all shareholders and to support the Board of Directors in relation to Fairness Opinion Statement.
Ixonos Plc
Esa Harju
CEO
For more information, please contact
Ixonos Plc
- Esa Harju, President and CEO, tel. +358 40 844 3367, esa.harju@ixonos.com
- Mikael Nyberg, CFO, tel. +358 40 501 4401, mikael.nyberg@ixonos.com
Distribution:
NASDAQ OMX Helsinki
Main media
www.ixonos.com
