Arbitral Tribunal confirms Spa Holdings 3 redemption right over Ahlstrom-Munksjö minority shares; trading in stock suspended
HELSINKI, June 21, 2021-
The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Ahlstrom-Munksjö Oyj (“Ahlstrom-Munksjö”) has in its interim decision today confirmed that Spa Holdings 3 Oy (“Spa Holdings 3”) has the right to redeem the minority shares in Ahlstrom-Munksjö and that Spa Holdings 3 has the right to obtain title to the minority shares by posting a security approved by the arbitral tribunal for the payment of the redemption price and the possible interest accruing thereon.
Ahlstrom-Munksjö announced on March 26, 2021 that the Board of Directors of Ahlstrom-Munksjö has resolved to apply for the termination of public trading in the shares of Ahlstrom-Munksjö and for the delisting of its shares from the official list of Nasdaq Helsinki Ltd so that the delisting would occur as soon as possible upon Spa Holdings 3 having gained title to all the shares in Ahlstrom-Munksjö in the pending redemption proceedings under Chapter 18 of the Finnish Companies Act. Following the confirmation of the redemption right, Nasdaq Helsinki Ltd has suspended trading in the Ahlstrom-Munksjö shares on June 21, 2021 at 12:19 (EEST). The posting of the security and the delisting of the Ahlstrom-Munksjö shares will be announced separately. The Ahlstrom-Munksjö shares were delisted from the main market of Nasdaq Stockholm AB with the last day of trading May 31, 2021, as announced earlier on April 16, 2021.
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