TAMFELT CORP. STOCK EXCHANGE RELEASE May 4, 2010 at 4:50 p.m.
METSO CORPORATION HAS GAINED TITLE TO ALL THE SHARES IN TAMFELT CORP.
The Arbitral Tribunal appointed by the Redemption Committee of the Central
Chamber of Commerce of Finland has today by its decision confirmed that Metso
Corporation has the right to redeem the minority shares in Tamfelt Corp. and
that Metso has the right to obtain title to the minority shares in Tamfelt by
lodging a security approved by the Arbitral Tribunal for the payment of the
redemption price and the interest accruing thereon.
Metso has announced that it has today lodged the security approved by the
Arbitral Tribunal and, therefore, gained title to all the shares in Tamfelt in
accordance with Chapter 18, Section 6 of the Finnish Companies Act. After
lodging the security, the minority shareholders of Tamfelt being parties to the
redemption proceedings are entitled to receive the redemption price and the
interest payable thereon.
Upon application by Tamfelt, NASDAQ OMX Helsinki Ltd (the Helsinki Stock
Exchange) has decided that the shares in Tamfelt will be delisted from the
official list of the Helsinki Stock Exchange when title to all shares in Tamfelt
has been transferred to Metso. The quoting and the listing of the Tamfelt shares
on the Helsinki Stock Exchange will therefore cease in accordance with a
separate release to be published by the Helsinki Stock Exchange.
Tampere, May 4, 2010
Tamfelt Corp.
Reima Kerttula
President & CEO
For further information, please contact:
Tamfelt Corp., Reima Kerttula, President & CEO, tel. +358 400 648 458
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Nasdaq OMX Helsinki Ltd
Main media
www.tamfelt.com
Tamfelt is a world-leading supplier of technical textiles. The company's main
products are paper machine clothing and filter fabrics. The Group employs about
1,350 people and its net sales in 2009 were 130.2 million euro. Founded in 1797,
the company is one of the pioneers of Finnish industry.