Tamfelt Oyj Abp
Tamfelt Corp. applies for termination of public trading
Tamfelt Oyj Abp / 02.02.2010 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 February 2, 2010 at 3.30 p.m. TAMFELT CORP. APPLIES FOR TERMINATION OF PUBLIC TRADING Metso Corporation ('Metso') currently holds 98 percent of all the shares and votes in Tamfelt Corp. ('Tamfelt'). Metso has initiated the redemption proceedings in accordance with Chapter 18 of the Finnish Companies Act in order to acquire the remaining shares in Tamfelt. Provided that the arbitral tribunal appointed by the Redemption Committee of the Central Chamber of Commerce confirms that Metso's redemption right is clear, Metso is entitled under law to gain title to the remaining shares in Tamfelt by posting a security approved by the arbitral tribunal for the payment of the redemption price. The Board of Directors of Tamfelt has resolved to apply for the termination of trading with Tamfelt's shares and for the delisting of the shares from the official list of NASDAQ OMX Helsinki Ltd (the 'Helsinki Stock Exchange'). The application has been filed with the Listing Committee of the Helsinki Stock Exchange today. In the application, Tamfelt requests that trading with Tamfelt's shares is terminated and the shares be delisted from the official list of the Helsinki Stock Exchange as soon as possible after Metso has gained title to all the shares in Tamfelt. 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 02.02.2010 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 ---------------------------------------------------------------------------
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