Tekla Corporation Stock exchange release August 5, 2011 at 3:10 p.m. Trimble has filed an application to redeem minority shares in Tekla Corporation Tekla Corporation has today received the following release from Trimble Finland Oy: Trimble Finland Oy Release 5 August 2011 at 2:30 p.m. TRIMBLE HAS FILED AN APPLICATION TO REDEEM MINORITY SHARES IN TEKLA CORPORATION The trades to complete the tender offer by Trimble Finland Oy for the shares in Tekla Corporation were executed on 5 July 2011, after which Trimble Finland Oy owns ca. 99.46 percent of the shares and votes in Tekla Corporation, excluding the own shares owned by Tekla Corporation. Based on Trimble Finland Oy's ownership exceeding nine tenths (9/10), Trimble Finland Oy has the right according to chapter 18, section 1 of the Finnish Companies Act to redeem the minority shares in Tekla Corporation at a fair price. The redemption right has been registered in the Trade Register. Trimble Finland Oy has today filed an application to the redemption board of the Central Chamber of Commerce for appointing an arbitration tribunal in order to redeem the minority shares in Tekla Corporation. The redemption price according to the application is EUR 14.20 per share, i.e. the same as the offer price paid by Trimble Finland Oy in the public tender offer. Trimble Navigation Limited Trimble Finland Oy Distribution: NASDAQ OMX Helsinki Ltd, Principal media, www.tekla.com [HUG#1536571]
Trimble has filed an application to redeem minority shares in Tekla Corporation
| Quelle: Tekla