Amer Group Plc has placed today on 21 March 2000 the security approved by the Arbitral Tribunal to cover the payment of the redemption price of the minority shares in Suunto. Accordingly, Amer's ownership in Suunto has increased to 100 percent.
The redemption price will be paid to Suunto's minority shareholders as soon as the arbitral award regarding the redemption price has gained legal force.
AMER GROUP PLC
Communications
Marja-Leena Simola
V.P., Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amer.fi
SUUNTO OYJ
Heikki Kunnas
Acting President
Tel. +358 9 852 4050
Fax +358 9 852 40591
The redemption price will be paid to Suunto's minority shareholders as soon as the arbitral award regarding the redemption price has gained legal force.
AMER GROUP PLC
Communications
Marja-Leena Simola
V.P., Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amer.fi
SUUNTO OYJ
Heikki Kunnas
Acting President
Tel. +358 9 852 4050
Fax +358 9 852 40591