Salo, Finland, 2011-03-09 08:10 CET (GLOBE NEWSWIRE) --
Salcomp Plc Stock Exchange Release 9 March 2011 at 09:10 Finnish time
Salcomp Plc (“Salcomp”) has received the following information from Nordstjernan AB (“Nordstjernan”).
Nordstjernan has acquired an additional 4,982,473 shares in Salcomp Plc (“Salcomp”). After the transaction, Nordstjernan’s total holding in Salcomp amounts to 35,147,189 shares, corresponding to 90.1 per cent of all the shares and votes excluding the 337,000 shares that are in the possession of Salcomp.
The price paid for the acquired shares amounts to EUR 9,964,946 equivalent to EUR 2.00 per share.
As and when the title to the acquired shares shall pass, Nordstjernan has the redemption right and obligation as stipulated in Chapter 18, Paragraph 1 of the Companies Act and intends to use the right to redeem the minority shareholders’ shares. Nordstjernan will further apply for a delisting of the company from the Nasdaq OMX Helsinki exchange in due course. Nordstjernan will notify of the redemption right and obligation in accordance with Chapter 18, Paragraph 2 of the Companies Act as soon as the title to the acquired shares has passed.
SALCOMP PLC
Markku Hangasjärvi
President and CEO
Further information:
Markku Hangasjärvi, President and CEO, Salcomp Plc, p. +358 40 7310 114
Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18
Distribution:
NASDAQ OMX, Helsinki
The main media
www.salcomp.com
Markku Hangasjärvi, President and CEO, Salcomp Plc, p. +358 40 7310 114
Tomas Billing, President, Nordstjernan AB, +46 8 788 50 18