Tamfelt Oyj Abp
Notification of redemption right and obligation
Tamfelt Oyj Abp / 04.01.2010 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- TAMFELT CORP. STOCK EXCHANGE RELEASE January 4, 2010 at 2.45 p.m. NOTIFICATION OF REDEMPTION RIGHT AND OBLIGATION Tamfelt Corp. announces that it has today, January 4, 2010, received the following notification from Metso Corporation concerning redemption right and obligation: 'Metso Corporation announces to Tamfelt Corp. according to chapter 18 paragraph 2 of the Finnish Companies Act that redemption right and obligation has arisen according to chapter 18 paragraph 1 of the Finnish Companies Act. Metso Corporation's right to redeem the shares of Tamfelt Corp. minority shareholders has arisen on December 23, 2009 as Metso Corporation's Board of Directors decided to materialize the share exchange offer on Tamfelt Corp. shares and stock option rights. As a result, the ownership of the shares offered to Metso Corporation was transferred to Metso Corporation. Based on the share exchange offer, Metso Corporation's ownership of Tamfelt Corp. shares and votes has increased to 98 per cent.' Tamfelt Corp. Reima Kerttula President and CEO DISTRIBUTION NASDAQ OMX Helsinki Ltd Main media www.tamfelt.com Tamfelt is a world-leading supplier of technical textiles. The company's main products are clothing products for the paper and pulp as well as mining and chemical industries. The Group employs about 1,350 people and its net sales in 2008 were 165 million euro. Founded in 1797, the company is one of the pioneers of Finnish industry. News Source: NASDAQ OMX 04.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Tamfelt Oyj Abp Finland Phone: Fax: E-mail: Internet: ISIN: FI0009000939 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden