Helsinki, Finland, 2016-08-25 12:07 CEST (GLOBE NEWSWIRE) --
As per application by Finnlines Plc ("Finnlines"), Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has today 25 August 2016 decided to delist the Finnlines shares from the official list of Nasdaq Helsinki after title to all the Finnlines shares has been transferred to Grimaldi Group S.p.A. in the redemption procedure. Nasdaq Helsinki has today issued a separate release concerning the matter.
Finnlines has on 22 June 2016 issued a stock exchange release, according to which the Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce has in its separate interim award issued on 21 June 2016 confirmed that Grimaldi Group S.p.A. has the right to redeem the minority shares in Finnlines, and the right to obtain the title to the shares in question by placing a security approved by the Arbitral Tribunal for the payment of the redemption price and the interest accruing thereon.
A separate stock exchange release will be published regarding the placing of the security and subsequent termination of public trading in the Finnlines shares.
Further information: Tapani Voionmaa, Group General Counsel, tel. +358 50 565 5207
Finnlines Plc
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Tom Pippingsköld CFO |
Tapani Voionmaa Group General Counsel |
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About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd and is a part of the Grimaldi Group, one of the world's largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, North Europe, West Africa as well as the Atlantic coast of both North and South America.
www.finnlines.com