Salcomp Oyj
NORDSTJERNAN’S HOLDING IN SALCOMP EXCEEDS 90 PER CENT GIVING RIGHT TO REDEEM SHARES
Salcomp Oyj 15.03.2011 07:45 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 News Source: NASDAQ OMX 15.03.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Salcomp Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009013924 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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