Salo, Finland, 2011-03-15 07:45 CET (GLOBE NEWSWIRE) --
Salcomp Plc Stock Exchange Release 15 March 2011 at 08:45 Finnish time
As announced on 9 March 2011, Nordstjernan AB (“Nordstjernan”) has acquired additional shares in Salcomp Plc (“Salcomp”). The trades have now been settled and consequently, Nordstjernan holds a total of 35,147,189 shares in Salcomp. Nordstjernan’s holding corresponds to approximately 90.1 per cent of the shares and votes in Salcomp (without taking into account the 337,000 shares that are in the possession of Salcomp).
Nordstjernan has informed Salcomp pursuant to Chapter 18, Paragraph 2 of the Companies Act of its right and obligation to redeem other shareholders’ shares in Salcomp. Nordstjernan intends to use this right and will initiate arbitral proceedings pursuant to Chapter 18 of the Companies Act as well as measures to apply for delisting of Salcomp from the Nasdaq OMX Helsinki exchange in due course.
Nordstjernan has also informed that it may purchase additional Salcomp shares in trading on the Helsinki stock exchange or otherwise with a price not exceeding EUR 2.00 per share (reduced by possible dividend or other distribution of funds to the shareholders if such should take place before the purchase takes place).
SALCOMP PLC
Markku Hangasjärvi
President and CEO
Further information:
Markku Hangasjärvi, President and CEO, Salcomp Plc, +358 40 7310 114
Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18
Markku Hangasjärvi, President and CEO, Salcomp Plc, +358 40 7310 114
Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18