Larox Oyj
OUTOTEC HAS GAINED TITLE TO ALL THE SHARES IN LAROX
Larox Oyj / 10.06.2010 13:30 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- LAROX CORPORATION STOCK EXCHANGE RELEASE 10 June 2010 2.30 PM OUTOTEC HAS GAINED TITLE TO ALL THE SHARES IN LAROX The Arbitral Tribunal appointed by the Redemption Committee of the Central Chamber of Commerce of Finland has today confirmed that Outotec Oyj has the right to redeem the minority shares in Larox Corporation and that Outotec has the right to obtain title to the minority shares by lodging security approved by the Arbitral Tribunal for the payment of the redemption price and the interest accruing thereon. Outotec has today lodged security approved by the Arbitral Tribunal and thus gained title to all the shares in Larox in accordance with Chapter 18, Section 6 of the Finnish Companies Act. After the security having been lodged, the minority shareholders of Larox being parties to the redemption proceedings are only entitled to receive the redemption price and the interest payable thereon. Upon application by Larox, NASDAQ OMX Helsinki Ltd. has decided that the Larox shares will be delisted upon title to all shares in Larox having been transferred to Outotec. The quoting of the Larox shares will thus cease in accordance with a separate release to be published by NASDAQ OMX Helsinki. Lappeenranta 10 June 2010 Larox Corporation For further information: Mr. Juhana Ylikojola President & CEO Phone +358 207 687 266 Fax +358 207 687 380 juhana.ylikojola@larox.com Distribution NASDAQ OMX Helsinki Ltd., Central Media www.larox.com Larox develops, designs and manufactures industrial filters and is a leading technology company in its field. Larox is a full service solution provider in filtration for separating solids from liquids. It supplies comprehensive aftermarket services throughout the lifespan of the Larox solution. Companies world-wide in mining and metallurgy, chemical processing and related industries benefit from the Larox technologies. Larox operates in over 40 countries and has over 550 employees. Larox has assembly shops in Finland and in China, and the Group is headquartered in Lappeenranta, Finland. Net sales in 2009 totaled 150.2 million euros, of which more than 93 % were generated by exports and the company's foreign operations. Larox is a subsidiary of Outotec. News Source: NASDAQ OMX 10.06.2010 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: Larox Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009900328 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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