Helsinki, Finland, 2015-12-14 07:30 CET (GLOBE NEWSWIRE) --
TALENTUM STOCK EXCHANGE RELEASE 14 December, 2015 at 8.30 a.m.
Special Representative Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Talentum Corporation
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Talentum Corporation (“Talentum”) announced on 17 November 2015 that Alma Media Corporation (“Alma Media”) has announced that it will commence redemption proceedings in respect of all the Talentum shares held by minority shareholders by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Limited Liability Companies Act.
Based on an application filed by Alma Media for the aforementioned arbitration proceedings, the Redemption Committee of the Finland Chamber of Commerce has petitioned the Helsinki District Court for the appointment of a special representative, in accordance with Chapter 18, Section 5 of the Finnish Limited Liability Companies Act, to look after the interests of Talentum’s minority shareholders in the arbitration proceedings.
In its decision, the Helsinki District Court appointed Attorney Kirsi Eksymä to act as the special representative.
TALENTUM CORPORATION
Lasse Rosengren
General Counsel
Further information:
Lasse Rosengren, General Counsel, tel. +358 40 342 4204
Distribution:
NASDAQ OMX Helsinki
Principal Media
www.talentum.fi
TALENTUM IN BRIEF
Talentum Corporation focuses on professionals with main products of magazines, books, digital services, trainings and events. Talentum produces contents from various fields of economy, law, management, HR, sales and marketing, ICT, technology and health care with the mission to help professionals succeed.
In 2014, Talentum's net sales totalled EUR 72.3 million. The company employs 720 persons in Finland, Sweden, Denmark, Estonia and Latvia. Talentum Corporation is listed on Nasdaq Helsinki. Read more: www.talentum.fi.